Another liquidation bloodbath, this time, more than $400 million of leveraged positions were liquidated, and crypto’s total market cap dipped below the $1 trillion level. The root cause is fear. Jerome Powell and the FED’s positioning have caused this fear.
Assets react badly to increased interest rates, and with no end in sight to inflation or interest rate hikes, many investors are offloading their high-risk assets. But it is in these periods that fortunes are made. Investors brave enough to wade against the general sentiment of the majority will always outperform the majority. And the current period represents a once-in-a-lifetime accumulation phase.
Uniglo (GLO), Solana (SOL), and Ripple (XRP) are three crypto projects criminally undervalued, and their current price point has the potential to change the lives of investors buying now.
Uniglo (GLO)
Uniglo provides a long-term store of value. The protocol returns to a tangible asset-backed currency securing the value of GLO by holding a collection of digital assets. By holding a blend of assets, GLO can take advantage of stable assets to hedge against volatility and more volatile assets to engage in growth speculation. Although providing a long-term store of value sounds simple, creating this requires lots of clever strategies, particularly in the modern economic condition where everything exists in a state of flux.
That is why Uniglo employs buy and sell taxes, using this revenue stream to create value for investors constantly. Uniglo utilizes scarcity principles to reduce the total supply of GLO on the open market, and by reducing the supply, it ensures constant upward pressure on GLO’s price.
Solana (SOL)
Solana launched in 2020, and most investors remember the blistering rally SOL made in 2021. But more important are the core mechanics of this layer one blockchain project. Solana delivered a throughput that remains unrivaled in the sphere by implementing a hybrid consensus mechanism relying on both PoS (Proof of Stake) and PoH (Proof of History). Theoretically capable of processing 65,000 transactions per second, Solana is faster than other layer ones and faster than TradFi payment processors such as Visa.
SOL has seen a significant retracement throughout the bear market, and its current price represents an excellent entry point.
XRP (XRP)
XRP is a digital asset for global economic utility and allows the transfer of value across the globe frictionlessly. Despite the cross-border payment flows totalling more than $156 trillion in 2022, international transfers still take 3-5 business days and come with high fees.
XRP allows money to flow around the globe and transactions to be settled in real-time. With the SEC case looking like it will close in XRP’s favor, now is a magnificent time to purchase this asset which bridges financial institutions globally into a single network.
Find Out More Here
Join Presale: https://presale.uniglo.io/register Website: https://uniglo.io Discord: https://discord.gg/a38KRnjQvW Twitter: https://twitter.com/GloFoundation1 Telegram: https://t.me/GloFoundation
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