Ethereum (ETH) Chain New Comer Uniglo (GLO) Is Getting Special Attention From Shiba Inu (SHIB) Holders

Ethereum (ETH) and Shiba Inu (SHIB) Whales are Investing in Uniglo (GLO) First Presale to Remainder Their Portfolios

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Faced with losses and the possibility of a recession, cryptocurrency investors are suffering in the bear market. As the prices of famous cryptos such every bit Ethereum (ETH) and Shiba Inu (SHIB) fail to fight off the downwardly pull of the economy, whales are searching for the adjacent big thing that could help counter their losses in 2022. And some large investors have plant refuge in the new crypto chosen Uniglo (GLO).

Uniglo (GLO)

Uniglo is just about to begin its beginning presale just is already communicable the attention of crypto whales. This currency introduces an Ultra Burn down Mechanism that will more effectively limit the supply of its token than most other cryptos.

At the start, Uniglo will build a small treasury to fund the purchase of various assets. The mixture of assets volition include cryptocurrencies, NFTs, and digitized existent-earth assets, amid others. By betting on the appreciation of a wide range of assets, Uniglo can counter the volatility of near cryptos. As such, its token, GLO, shows stiff potential for toll gains for those who invest in it during its presale, which begins in mid-July.

Ethereum (ETH)

Ethereum is, of course, 1 of the pinnacle blockchains in the world and is second place after Bitcoin (BTC) in terms of marketplace capitalization. The cost of its ETH coin, nonetheless, has been down 78% since an all-time high concluding November 2021. And investors take been feeling the drop. Only 17% of Ethereum 2.0 stakers are reportedly making profits while nigh of them are underwater.

BTC balderdash Michael Saylor as well recently commented that Ethereum is a security rather than a commodity. He pointed out that the platform is non completely decentralized since it was issued by an ICO and has a direction squad that makes decisions and takes care of software upgrades. This line of statement just adds to the perception that certain cryptos need regulatory oversight, which many whales might not want to cover.

Shiba Inu (SHIB)

The Shiba Inu decentralized crypto was launched in 2020 and has since been a pop investment choice. Investing in its money, SHIB, brought wealth to investors before the nifty crypto crash last May. SHIB was, however, meant to be abundant and started with a full supply of one quadrillion tokens. Now, it is feeling the volatility in the bear market.

To bring up its cost, whales have been buying SHIB. But their effort may not be plenty to incite a successful balderdash run. While SHIB has been making minimal price gains, the long-term view of the token even so appears bearish.

The recently announced launch of the new Shiba Inu stablecoin should, however, offer support and inject utility into the Shiba ecosystem.

Final thought

Whales invest the most in crypto and, therefore, take a lot of the chance. For investors, a audio strategy could be as simple every bit moving toward where the whales accept gone. So, equally these giants invest in new preselling cryptos like Uniglo, you tin follow suit to take advantage of the opportunity for balancing your portfolio.

Larn More Hither:

Join Presale: https://presale.uniglo.io/annals

Website: https://uniglo.io

Telegram: https://t.me/GloFoundation

Discord: https://discord.gg/a38KRnjQvW

Twitter: https://twitter.com/GloFoundation1

Source: https://cryptonews.com/news/ethereum-eth-shiba-inu-shib-whales-are-investing-uniglo-glo-first-presale-balance-their-portfolios.htm

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