On-chain data is a godsend for investors. But most investors do not utilize it. Due to the blockchain’s transparent and open nature, every single transaction can be seen by anyone. Blockchain analysts specialize in curating on-chain data and tracking wallets to find where money is moving in the digital asset space. Where the money goes, price appreciation follows.
A new Ethereum-based DeFi protocol called Uniglo (GLO) has seen an influx of investors from Solana (SOL) and Litecoin (LTC). These investors are eager to join in after Uniglo spiked in price, rising more than 30% in the last week.
Uniglo (GLO)
Uniglo benefits tremendously from the prevailing market conditions as the macroeconomic environment worsens and its value proposition increases. Uniglo offers investors a long-term store of value that preserves and grows wealth through asset ownership.
Employing buy and sell taxes, Uniglo purchases assets and stores them in the Uniglo Vault. A mixture of physical and digital assets are bought, and this diversification hedges against volatility and market downturn. The Vault holds high-end tangible collectibles such as fine art and gold, both of which have proven excellent stores of value in recent times. In addition, the protocol features a burning mechanism that automatically sends a portion of every trade to a burn wallet. By employing scarcity and with the Vault giving GLO a value-backed floor price, it is no surprise this token has rallied 30% recently, and investors from other chains want to get involved.
Solana (SOL)
Solana is a layer one blockchain with its own native programming language, Rust, and a true competitor to the ecosystem giant Ethereum. Solana introduced an entirely new caliber of throughput by introducing its unique PoH (Proof of History) consensus mechanism combined with its underlying PoS (Proof of Stake) consensus mechanism.
Solana was not designed for the present; it was designed for the future with millions more users. Its infrastructure provides an access point to DeFi and blockchain for the millions of people who will soon use blockchain technology in their daily lives. SOL has retraced heavily during the bear market, and its current price represents an excellent entry point.
Litecoin (LTC)
Launched by Charlie Lee in 2011, Litecoin has a history longer than the majority of digital assets. Often ignored by investors, this fork of the original Bitcoin network was designed to make a more scalable blockchain by reducing block time.
Despite going unnoticed by investors, Litecoin has survived three bear markets and consistently put in a new ATH (All-Time High) with every bull market cycle. Litecoin was designed to complement Bitcoin. Litecoin is digital silver, and Bitcoin is digital gold. But LTC will undoubtedly go on another run in the coming market reversal.
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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