Place/Date: - July 25th, 2022 at 9:14 am UTC · 3 min read
Who wants to be a millionaire? In the cryptocurrency market, it seems everybody does. But people’s hopes for earning millions with digital assets are not completely unfounded. We have seen this happen before with cryptos such as Ethereum (ETH) and Bitcoin (BTC). We spoke to investors who were in the market in 2017 and witnessed the price boom of BTC and ETH. They say that millionaire-making cryptos still exist in the market today, and one of them is the Uniglo (GLO) project.
Uniglo is a community-based project that offers the next generation of social reflection currency. Built with the understanding that the crypto market is still in its infancy and still prone to volatility, the project aims to build a treasury that regenerates itself via a tax percentage. It will maintain the Uniglo Asset vault, which will support the price of its GLO token regardless of the current market conditions.
With a view toward long-term sustainable growth and strong community engagement, Uniglo could make millionaires of the investors who buy into it today during its presale phase.
Ethereum is one of the early digital assets that made millionaires in the crypto space. In the great 2017 boom, Ethereum had its first major price spike. The price of the ETH coin at the start of that year was only around $45. However, it rose to approximately $362 between April and June. By December, the price of ETH was $826.
Because Uniglo has an asset vault that could appreciate tremendously over time, it could be following the same growth pattern as Ethereum.
Who could forget how Bitcoin transformed speculative small-time investors into millionaires almost overnight? The price of BTC was just a little over $1,000 at the start of 2017. But throughout the year, the coin exploded, reaching $20,000 at one point.
While Uniglo is not expected to have exactly the same path as Bitcoin, investors who have been in the cryptocurrency game for half a decade nonetheless see its potential for significant gains.
Uniglo will ride on the growth of speculative digital currencies but at the same time mitigate the volatility by holding onto more stable tangible assets. Moreover, the project will implement an Ultra-Burn mechanism.
Uniglo may be new to the space but crypto investors who have been around the block are attracted to it. The project may not be able to emulate the price booms that Bitcoin and Ethereum had in 2017, but we also see that as a good thing. It simply means Uniglo will not grow without the same erratic ups and downs as these digital giants did have in their early years.
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