Uniglo.io Burn Event to Cascade Price Increase up to 10x, how do these gains compare to Dogecoin? – CryptoMode

The cryptocurrency world is abuzz with the news of Uniglo’s major coin-burning event: the project will wipe out all remaining tokens from the pre-sale. Such action is likely to push the price up sharply, with analysts predicting a move of up to 10x or more. Let’s see how it compares to other options on the market, like Dogecoin.

Uniglo.io burning event

It’s official: Uniglo will move forward with a full-scale burning of the native GLO token once the presale ends. The decision was made by the Uniglo community, which voted almost unanimously in favor. This is not surprising, as historically extensive coin burning has led to very profitable price increases. Uniglo is a social currency, which means that major decisions are subject to the holders, giving the community ownership of the direction of the project. Users can vote on which GLO to burn and choose what to put in the GLO Vault. The vault will house a wide variety of assets, spanning digital assets like cryptocurrency and NFTs and tangible assets like fine art, classic cars, and gold. The choice of which treasure to invest in will be almost endless, as many collectibles can be obtained to be enjoyed over time.

Moreover, GLO is deflationary. It benefits from the Ultra Burn mechanism, which sees 2% of each transaction burned and therefore the supply steadily shrinking. This rate accelerates as the GLO is bought and sold. That way, a 10x estimate is somewhat conservative, given the project’s rapid adoption rate. GLO recorded a price increase of 55% in presale only, due to strong demand.

Dogecoin

Dogecoin is a beloved coin that has defied the usual fate of such coins (pump and dump) to become a big hit. At launch, DOGE had a lot of zeros with an opening price of $0.0005. It played out relatively uncharted with little price movement, until it exploded in May 2021, hitting highs of $0.7. Dogecoin has benefited greatly from the patronage of tech billionaire and Twitter owner Elon Musk.

Conclusion

While it is likely that Uniglo and Dogecoin share the same trajectory of achievement and success, Uniglo has a much more interesting use case and has some unique features, like the GLO Vault mechanism and Ultra Burn. Additionally, Uniglo is likely to have greater longevity, especially as the level of assets held will continue to grow along with the size of the community. So if you want to join the Uniglo collective, hurry up to grab your GLO at the most attractive price before the end of presales and the big burn event!

For more information:

Join the presale: https://presale.uniglo.io/register

Website: https://uniglo.io


Always do proper research when dealing with currency and token presales. The above information does not constitute investment advice from CryptoMode or its team, nor does it reflect the opinions of the website or its staff.

CryptoMode produces high quality content for cryptocurrency companies. To date, we’ve provided brand visibility for dozens of companies, and you can be one of them. All our customers appreciate our value for money ratio. Contact us if you have any questions: [email protected]

None of the information on this website is investment or financial advice. CryptoMode is not responsible for any financial losses incurred while acting on the information provided on this website by its authors or customers. No advice should be taken at face value, always do your research before making financial commitments.

Comments are closed.