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Title: Uniglo, Dogecoin And Shiba Inu Might Be The Most-Favored Tokens For New Investors


Aug 10, 2022 02:01AM ET


By: AnalysisWatch


Blockchain as an emerging technology has attracted a lot of attention in the last decade. The disruptive mechanism behind it could change the rules of the game for various industries around the world. As the race progresses, investors are always on the lookout for opportunities that can bring life-changing profits.


Currently, Uniglo, Dogecoin, and Shiba Inu are some of the most popular tokens in the crypto space. The massive community is one of the main reasons for this popularity, but let's dig a little deeper to understand what they bring.


Uniglo is a response to volatile market conditions that can sweep away entry-level investors in the blink of an eye. It's a social currency backed by a basket of tangible and intangible assets that protect the underlying value of the token. For every GLO transaction, 2% of the volume is burned and 5% is added to the treasury. As GLO vault strength increases, so does the frequency of scheduled burns.


Dogecoin's history dates back to a time when cryptocurrencies were not widely distributed. It began as a memo token with no utility and an unlimited supply. Over the years, the project went on to build a strong community of investors and developers, including big names like Elon Musk and Snoop Dogg. It has its own blockchain network that is much more cost-effective than bitcoin and etherium.


Shiba Inu is another meme token that rose to fame in 2021 after becoming one of the top 20 cryptocurrencies on the market. Unlike Dogecoin, it has a burn mechanism that ensures the consistent application of supply and demand economics. The team launched a token burning platform in April, which has led to an increase in burning activities. As the ecosystem dives into the metaverse and blockchain gaming, we can expect more coins to be taken out of circulation.

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