How do prices rally during a bear market? In the same way, as they do during a bull market, they are moved by market forces and driven by supply and demand. If more people buy, the price goes up; if more people sell, the price goes down.
Uniglo (GLO) is a protocol pioneering a new store of wealth and has seen massive market demand driving the price up by more than 45% in the last week. The on-chain data shows whales targeting the protocol, and this is likely due to the mechanisms it employs to protect and grow wealth. One certain thing is that Uniglo has rallied and is displaying signals that this is only the start as more and more whales begin to participate in the presale.
Uniglo (GLO)
Uniglo features two central functions that make it attractive to investors as a long-term store of value. The first is its introduction of value-backing that gives GLO a guaranteed floor-price thanks to the assets stored in the Uniglo Vault. It holds a blend of digital and physical assets, and this diversification allows the Vault to appreciate regardless of prevailing market conditions.
The second is the Ultra Burn Mechanic, which sees 2% of each transaction of GLO sent to a burn wallet known as the Uni Abyss. This aggressive deflationary mechanic will lock in tremendous value for early investors when GLO launches on the open market and the total supply declines rapidly.
Maker (MKR)
Maker Protocol is a core of DeFi and the protocol responsible for minting the largest fully decentralized stablecoin DAI. Investors can collateralize their crypto assets and mint DAI in a permissionless manner, bringing the advantages of digital dollars to anyone in the world.
MKR is the governance token of the Maker DAO and the Maker protocol, and its success is intrinsically linked to the success of its protocol. As the largest protocol within DeFi, MKR has made an incredible performance but continues to struggle significantly in the bear market.
Lido DAO (LDO)
Lido Finance solved a massive issue within crypto, the illiquidity involved with staking. On the back of the Ethereum merge, Lido Finance has drawn an incredible amount of liquidity, more than $7 billion. It has catapulted itself into the ranks of the top crypto projects.
By introducing the capability to continue to earn in DeFi whilst receiving staking rewards, Lido has pushed DeFi forwards. LDO is the DAO’s governance token, and with the protocol introducing liquid staking for Kusama and PolkaDot, this protocol will only grow.
Cronos (CRO)
CRO is the utility token of the centralized exchange Crypto.com and the native token of the Cronos Blockchain. Investors can stake their CRO to access multiple benefits within the Crypto.com ecosystem, including the prevalent Visa cards with cashback rewards.
However, with Crypto.com slashing rewards, pulling out of multiple sponsorship deals, and the price of CRO declining heavily, the future of this token is highly uncertain.
Find Out More Here
Join Presale: https://presale.uniglo.io/register
Website: https://uniglo.io
Telegram: https://t.me/GloFoundation
Discord: https://discord.gg/a38KRnjQvW
Twitter: https://twitter.com/GloFoundation1
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