Uniglo (GLO) Steadily Climbing Up Amid Volatile Market That Sees Avalanche (AVAX) And Stepn (GMT) Struggling

Certain projects will always outperform others, and one great lesson investors have been learning throughout the bear market is that projects with solid value propositions will consistently exceed those without. When hype is removed from the digital asset space, investors are forced to find projects that genuinely contribute to the ecosystem.

Value is created through solving problems. Protocols that tackle central issues faced by market participants globally naturally appreciate and will always do so regardless of market conditions. A new Ethereum-based social currency Uniglo (GLO), provides a long-term store of value and, subsequently, has been steadily climbing in price.

Whilst projects like Avalanche (AVAX) and Stepn (GMT) struggle with volatility, Uniglo continues to flourish.

Uniglo (GLO)

Uniglo continues to attract new investors and offers relief from the current bear market thanks to its diversification strategy that exposes investors to digital and high-end physical assets. Employing buy and sell taxes, Uniglo purchases these assets to value-back GLO and expose investors to more diverse market segments. On top of this, the protocol introduces a radical burning strategy making GLO a hyper-deflationary token.

With its ability to store and grow wealth over extended periods, Uniglo is offering investors a haven for their wealth. By providing this, it guarantees its continued ascension through the ranks.

Avalanche (AVAX)

Avalanche and the native token AVAX suffer heavily in the current bear market. AVAX has retraced nearly 90% since its peak of $146 in November due to declining activity in DeFi, with investors moving away from higher-risk yield strategies and into safer options.

Avalanche also suffers from increased competition. When it launched in September 2020, this rapid alternative to Ethereum drew huge amounts of liquidity to its ecosystem. With the launch of other faster layer ones Avalanche has struggled to maintain its dominance and is rapidly losing ground as its competitors snatch liquidity. The future of AVAX looks uncertain, but on the flip side, if Avalanche recovers, a long position now would yield incredible returns.

Stepn (GMT)

Stepn is a DApp (decentralised application) based on the Solana blockchain. This lifestyle app that financially incentivises exercise is a glimpse into the future integration of the physical and digital worlds.

However, Stepn has also suffered in the prevailing market conditions. The floor price for the NFT sneakers required to earn has declined, and with the value of SOL declining, it is natural this protocol based on that blockchain also suffers.

Closing Thoughts

Navigating bear market volatility is difficult for investors and protocols alike. Investors must learn to find value propositions with real-world utility, and protocols must learn how to provide these. With no end in sight to the bear market due to a dreadful macroeconomic environment, Uniglo’s offer of broad diversification continues to become more appealing.

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