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Gold, the world’s oldest store of value, has a market capitalization of over US$11 trillion. The cryptocurrency market capitalization is just over US$1 trillion. Gold is an asset and its only value is a store of wealth. Cryptocurrency as an asset introduces a new decentralized financial model.
Digital gold rush is coming. As global adoption grows and cryptocurrencies become more prolific, early adopters will be rewarded for their faith as more capital flows into the space and market capitalization grows. Uniglo.io (UNI), Bitcoin Gold (BTG), and Ethereum Classic (ETC) are some of the best projects in the space, and investors are looking to invest in them before the inevitable start of another bull market cycle. must be purchased.
Uniglo A new social currency that offers investors the perfect blend of wealth preservation and growth speculation. This community-owned currency features a Vault that acquires digital, real-world, and NFT assets to give the GLO token the lowest price possible. Storing wealth in assets is how the wealthy have weathered countless market cycles and benefited from inflation. Recent inflation has dramatically highlighted the vulnerability of cash left in banks. Volatility in digital asset markets highlights the need for a more secure store of value. GLO returns to a value-backed monetary system.
Uniglo also employs the Ultra Burn Mechanic to reduce total supply by burning 2% of all token transactions. This hyper-deflationary token is an ideal solution for storing wealth and GLO as a single token represents a rich and diverse portfolio.
Bitcoin Gold (BTG)
Bitcoin Gold is a hard fork of Bitcoin that opens up possibilities for experimentation while maintaining network security. Bitcoin Gold maintains the old level of decentralization that made Bitcoin so popular in the first place. With mining difficulty increasing and block rate rewards being cut to his 4th year, bitcoin mining seems to be dominated by big players with big capital who can buy expensive equipment on a large scale. became.
Bitcoin Gold is a true decentralized blockchain that allows ordinary users to become nodes and verify transactions. BTG is trading at $29 USD, a very bullish indicator. It has broken out of the 200-day moving average and has stabilized as support. With the next significant resistance level at $48 USD and the momentum behind the bullishness, 2022 looks set to be a great year for BTG holders.
Ethereum Classic (ETC)
Ethereum Classic is a hard fork resulting from the infamous The DAO incident on the Ethereum blockchain and is the original record of the Ethereum blockchain. The exploit drained a significant portion of the DAO’s financial funds, prompting Ethereum developers to make a decision that shocked the entire field. The blockchain is supposed to be immutable and the Ethereum developer rolled back the blockchain before the exploit happened and moved the funds to another smart he contract.
As the merger approaches and Ethereum moves to PoS (Proof of Stake) rather than PoW (Proof of Work), many believe that this shift will lead to greater centralization of the Ethereum network, where larger nodes control delegate selection. I am afraid that it will lead to Ethereum Classic is expected to enjoy a massive rally as more people return to the original blockchain.
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