Uniglo.io (GLO), Bitcoin Gold (BTG) and Ethereum Classic (ETC) – Invest Before The Digital Gold Rush Starts
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The total market cap of gold, the oldest store of value in the world, stands north of USD 11 trillion. The total market cap of cryptocurrencies stands just north of USD 1 trillion. Gold is an asset whose only value is a store of wealth; cryptocurrencies as an asset introduce a new decentralised financial model.
The digital gold rush is coming. As global adoption grows and crypto becomes more prolific, greater capital sums will flow into the space, and as the market cap grows, early adopters will be rewarded for their faith. Uniglo.io (UNI), Bitcoin Gold (BTG), and Ethereum Classic (ETC) are some of the best projects in the sphere, and investors should buy them before the inevitable start of another bull market cycle.
Uniglo is a new social currency that offers investors the perfect blend between 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 an intrinsic floor price. Storing wealth in assets is how the wealthy have navigated innumerable market cycles and benefitted from inflation. Recent inflation has drastically highlighted the fragility of cash left in the bank. The volatility within the digital asset market has highlighted the need for a more secure store of value. GLO returns to a value-backed currency system.
Uniglo also employs its Ultra Burn Mechanic to reduce total supply by burning 2% of every token transaction. This hyper-deflationary token is an ideal solution to storing wealth, and GLO as a single token represents a rich and diversified portfolio.
Bitcoin Gold (BTG)
Bitcoin Gold is a hard fork of Bitcoin and keeps the network's security whilst introducing greater possibilities for experimentation. Bitcoin Gold maintains the old level of decentralisation that initially made Bitcoin so popular. With the increasing mining difficulty and block rate rewards being slashed every four years, Bitcoin mining has become dominated by highly capitalised large players who can afford expensive equipment on a mass scale.
Bitcoin Gold allows ordinary users to become a node and validate transactions and is a truly decentralised blockchain. BTG trades at USD 29 and is displaying massively bullish indicators. It has broken out above the 200-day moving average and is holding it steady as support. With its next critical level of resistance at USD 48 and with momentum behind the bulls, 2022 looks to be a magnificent year for BTG holders.
Ethereum Classic (ETC)
Ethereum Classic is a hard fork that resulted from the notorious The DAO incident on the Ethereum blockchain and is the original record of the Ethereum blockchain. An exploit led to a significant portion of The DAO’s treasury fund being drained, and Ethereum developers made a decision which shocked the entire sphere. Blockchains are supposed to be immutable, and the developers at Ethereum rolled back the blockchain to before the exploit took place and moved the funds into a different smart contract.
As the merge draws closer and Ethereum transitions towards PoS (Proof of Stake) instead of PoW (Proof of Work), many fear that this change will lead to greater centralisation of the Ethereum network with larger nodes controlling the selection of delegates. Ethereum Classic is expected to enjoy a massive rally as more people move back toward the original blockchain.
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