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What Does Uniglo (GLO) Bring to The Table? And How will it Compete with Shiba Inu (SHIB) and Dogecoin (DOGE)?

What Does Uniglo (GLO) Bring to The Table? And How will it Compete with Shiba Inu (SHIB) and Dogecoin (DOGE)?

If you’re keen to know where whales and analysts have recently been hanging out, you might want to stumble upon and learn more about Uniglo (GLO). This new cryptocurrency, which is about to launch in mid-October, just started pre-selling its GLO token – and things have been great so far. According to analysts, investing in Uniglo now could generate gains that exceed what big names like Shiba Inu (SHIB) or Dogecoin (DOGE) could currently provide their investors.

Uniglo (GLO)

What is Uniglo? It’s the new decentralized finance (DeFi) project that has seen over 25% growth in the price of its GLO token. This amount is impressive considering that the new crypto gem just started its presale last July 15. Hence, whales and seasoned investors are putting in their money and claiming their share.

So, what does Uniglo bring to the table? This DeFi project could provide a reliable and consistent source of passive income and accumulated wealth. The 25% price increase could be just the beginning for early investors, with more gains and rewards coming their way.

Another thing the Uniglo project offers is protection against price volatility and market fluctuations. The project will maintain a community vault for various assets such as digital currencies, rare NFTs, and digitized tangible collectibles. Token holders will benefit from the appreciation of these assets and the diversification they represent.

Shiba Inu (SHIB)

Shiba Inu is the second-largest dog coin in the world. It burns tokens regularly to maintain the price of SHIB. Compared to Uniglo, however, Shiba Inu has a massive one quadrillion token supply, 590 trillion of which are in circulation. Uniglo, on the other hand, will only have a little over 200 million tokens to drive scarcity. The market capitalization of Uniglo might be low relative to Shiba Inu, but it could have a better capacity of protecting the long-term wealth of its token holders.

Dogecoin (DOGE)

Dogecoin also belongs to the dog coin category in which it is king. In terms of market capitalization, the DOGE coin is a mammoth. As the cryptocurrency market appears to be on an upswing – finally – many DOGE investors are confident this meme coin will start to bring serious profits once again. However, Dogecoin is a highly volatile asset; and its price is easily, and severely, be affected by unexpected factors. On the contrary, Uniglo aims to offer a social currency that is underpinned by an impressive range of high-profiting and stable assets to help counter volatility.

Final takeaway

The growth of Uniglo’s token within the first week of its presale is a good omen to many interested investors. As the number of users joining the Uniglo community increases, the faster the platform can build its asset-backed treasury – and the sooner it can bring significant rewards to early adopters.

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Disclaimer: This is a sponsored press release, and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.