• Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA
Friday, February 3, 2023
WongaNews.com
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading
No Result
View All Result
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading
No Result
View All Result
WongaNews.com
No Result
View All Result

Uniglo to Be Clear Favorite Ahead Of XMR, XLM, & BCH!

August 28, 2022
in Crypto News
Reading Time: 3 mins read
A A
ShareShareShareShareShare

The Hash Ribbons indicator has flashed, historically identifying some of the best price levels for long-term positions on Bitcoin. It recognises when miners are capitulating due to being unprofitable, driven by low valuations of Bitcoin. When miners struggle financially, they turn off their rigs, which often coincide with macro bottoms. 

Why Is This Important?

Miners are struggling means the macro bottom is fast approaching. The price of Bitcoin dictates the market’s overall direction, and this buy signal means digital assets are at their best entry point. All with depressed valuations ready to soar within the coming months. A new value-backed currency Uniglo (GLO), shows solid fundamentals and is on track to outperform giants such as Monero (XMR), Stellar (XLM), and Bitcoin Cash (BCH).

Related articles

Community mocks Charlie Munger for his obsession with China’s Bitcoin ban

February 2, 2023

Cosmos (ATOM), Helium (HNT) and Orbeon Protocol (ORBN)

February 2, 2023

Uniglo (GLO)

Uniglo is an Ethereum-based social currency. The protocol leverages the programmability of blockchain and fundamental economic principles like scarcity and value backing to introduce an organic floating store of value. Inflation has shown how rapidly the true purchasing power of fiat is eroded, and the recent market volatility within digital assets has left investors stuck.

GLO is intrinsically backed by the Uniglo Vault, by employing buy and sell taxes, the Uniglo treasury purchases a broad range of assets; these give GLO a natural floor price and increase in value alongside general economic growth. Asset ownership is one of the best-proven methods for preserving wealth. Uniglo also allows ordinary investors access to high-end tangible items such as fine art and gold, offering a much-needed alternative store of value in the current climate. 

Monero (XMR)

Monero launched in 2014 and is a cryptocurrency designed solely around privacy. It allows market participants to make anonymous transactions and obscures senders and receivers through cryptography. The recent arrest of the Tornado Cash developer has enflamed privacy concerns. With increasingly centralized exchanges mandating KYC (Know Your Customer), the desire for privacy-focused cryptos is rapidly expanding. 

Stellar (XLM)

Stellar facilitates global transfers of value. Blockchain technology has made it possible to send value anywhere in the world within minutes, compared to the cumbersome legacy systems of TradFi, where international transfers take days.

Stellar is the global payments system of tomorrow, and XLM is the native currency. XLM acts as the intermediary asset for all transfers and allows thousands of transactions to be made for less than a fraction of a cent.

Bitcoin Cash (BCH)

Bitcoin Cash is a hard fork from the Bitcoin Network that increased the block size allowing the network to become more scalable. Bitcoin offers a fantastic store of value but is a poor option for daily transactions. Bitcoin Cash is the alternative peer-to-peer electronic system ideally suited for smaller everyday transactions that allow the trustless transfer of value between two parties without the need for a centralized intermediary. With growing adoption, the need for decentralized and rapid payment systems increases, making Bitcoin Cash a solid option for investors.

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


Credit: Source link

ShareTweetSendPinShare
Previous Post

Bitcoin exchange outflows top $1B daily, while Ethereum sees net inflows

Next Post

Shiba Inu Burn Rate Spikes by 100% Over the Week With Over 1.2B SHIB Burned

Related Posts

Community mocks Charlie Munger for his obsession with China’s Bitcoin ban

February 2, 2023

  The cryptocurrency community has ridiculed well-known Bitcoin (BTC) critic Charlie Munger, vice chairman of Berkshire Hathaway, for calling the United...

Cosmos (ATOM), Helium (HNT) and Orbeon Protocol (ORBN)

February 2, 2023

Cryptocurrencies have put their bottom if recent gains are anything to go by. While the focus has been on Bitcoin...

IOTA used by industry giant to cut energy use and boost local economies in billion-$-market

February 2, 2023

IOTA-powered crypto wallet EnergieKnip ensures the anonymous collection of consumer data and effective distribution of token rewards. So Far, EnegieKnip...

SEC Under Scrutiny: Congress To Review Regulatory Overreach

February 2, 2023

For several months, the SEC has been under fire for its actions. It was unsuccessful in preventing the FTX from...

Bitcoin Soared to 5-Month High Above $24K Following Fed’s Interest Rate Hike (Market Watch)

February 2, 2023

Although BTC didn’t react at first to the US Fed interest rate spike, the asset went on a roll hours...

Load More
Next Post

Shiba Inu Burn Rate Spikes by 100% Over the Week With Over 1.2B SHIB Burned

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Coinbase fined $100M for compliance failures; Logan Paul wants to sue Coffeezilla

January 4, 2023

The International Monetary Fund (IMF) has made recommendations to regulate the cryptosphere

January 20, 2023

BREAKING: Crypto giant Genesis might file for bankruptcy – What this means for Bitcoin price and crypto

January 19, 2023

About Us

Wonga News is an online news portal that aims to provide the latest crypto news, blockchain, regulations, and much more stuff like that around the world. We promise to share only high quality content from the world's best crypto sources. Feel free to get in touch with us!

What’s New Here!

  • Reliance Retail accept digital rupee at one store
  • Kraken closes Abu Dhabi office; Bithumb owner arrested
  • Defiance ETFs to Close NFTZ ETF After Just 13 Months

Newsletter

Loading
  • Contact Us
  • Affiliate Disclosure
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2022 WongaNews.com - All Rights Reserved!

No Result
View All Result
  • Live Prices
  • Crypto News
  • Bitcoin
  • Altcoins
  • NFT News
  • Blockchain
  • Regulations
  • Trading

© 2022 - WongaNews.com - All Rights Reserved!

  • bitcoinBitcoin(BTC)$23,585.00-2.04%
  • ethereumEthereum(ETH)$1,649.90-1.91%
  • USDEXUSDEX(USDEX)$1.07-0.47%
  • tetherTether(USDT)$1.00-0.24%
  • binancecoinBNB(BNB)$326.201.50%
  • usd-coinUSD Coin(USDC)$1.00-0.25%
  • rippleXRP(XRP)$0.411807-0.76%
  • binance-usdBinance USD(BUSD)$1.000.14%
  • cardanoCardano(ADA)$0.401795-0.64%
  • dogecoinDogecoin(DOGE)$0.091780-3.77%
  • matic-networkPolygon(MATIC)$1.20-3.15%
  • okbOKB(OKB)$39.64-0.63%
  • solanaSolana(SOL)$24.41-4.22%
  • staked-etherLido Staked Ether(STETH)$1,645.67-1.96%
  • polkadotPolkadot(DOT)$6.580.50%
  • shiba-inuShiba Inu(SHIB)$0.0000121.21%
  • litecoinLitecoin(LTC)$99.60-1.82%
  • avalanche-2Avalanche(AVAX)$21.29-1.14%
  • tronTRON(TRX)$0.0643950.92%
  • uniswapUniswap(UNI)$7.254.26%
  • daiDai(DAI)$1.00-0.03%
  • cosmosCosmos Hub(ATOM)$14.53-2.66%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$23,614.00-1.95%
  • chainlinkChainlink(LINK)$7.15-2.18%
  • ToncoinToncoin(TON)$2.37-1.77%
  • ethereum-classicEthereum Classic(ETC)$23.182.33%
  • moneroMonero(XMR)$174.47-2.72%
  • leo-tokenLEO Token(LEO)$3.370.11%
  • AptosAptos(APT)$16.90-7.58%
  • bitcoin-cashBitcoin Cash(BCH)$138.660.69%
  • Aerarium FiAerarium Fi(AERA)$7.12-13.06%
  • stellarStellar(XLM)$0.092455-0.63%
  • apecoinApeCoin(APE)$5.87-4.10%
  • quant-networkQuant(QNT)$145.27-3.23%
  • nearNEAR Protocol(NEAR)$2.45-0.83%
  • filecoinFilecoin(FIL)$5.52-3.71%
  • crypto-com-chainCronos(CRO)$0.080994-1.03%
  • lido-daoLido DAO(LDO)$2.23-5.39%
  • algorandAlgorand(ALGO)$0.2584510.41%
  • hedera-hashgraphHedera(HBAR)$0.068067-2.39%
  • vechainVeChain(VET)$0.024435-2.28%
  • fantomFantom(FTM)$0.614.95%
  • internet-computerInternet Computer(ICP)$5.82-3.83%
  • decentralandDecentraland(MANA)$0.79-2.18%
  • axie-infinityAxie Infinity(AXS)$11.24-1.84%
  • aaveAave(AAVE)$88.90-2.70%
  • the-sandboxThe Sandbox(SAND)$0.76-1.94%
  • eosEOS(EOS)$1.08-1.34%
  • flowFlow(FLOW)$1.13-1.20%
  • elrond-erd-2MultiversX(EGLD)$44.900.53%