Aug 18, 2022 01:32AM ET
We spend hours every day looking at cryptocurrency charts, watching YouTube videos and reading articles about where the cryptocurrency market is headed.
The vast majority of crypto experts suggest that while we are seeing a nice bear market rally, we are likely to see another big and sudden drop before we return to a macro uptrend as big investors try to shake out leveraged and price-sensitive traders once again. But that doesn't mean there is no money to be made in this market.
If it hasn't sold by then, all unsold GLO tokens will be burned before launch. This could greatly increase the price of the token when it becomes publicly available. And if it does sell out, there is likely to be high demand after launch. (There is likely to be high demand in any case).
With deflationary tokenomics, GLO is specifically targeting long-term investors. However, it could also produce a windfall for swing traders in the days or weeks after the platform launches in mid-October. Immediately thereafter and forever, 1% of all GLO tokens traded in the secondary market will be burned, and the price will likely begin to rise immediately after launch.
Uniglo makes diversified investing so simple that it could very likely be the first investment in DeFi and DAO tokens to see mass adoption. It might be best to recoup your initial investment and leave the rest for retirement.
Fantom is another layer 1 blockchain that will benefit from the sell-off of ETH traders. FTM has doubled in price in the last 8 weeks and looks like it could pull another 4x at 8x from its die-hard fans before the end of the year.