There’s a debate going on in crypto Twitter and crypto YouTube circles as to whether or not the crypto market has bottomed out after a dismal first half of 2022. One camp says that, yes, we’ve hit bottom while the other says we have another leg down ahead of us. The question is how much further down can prices go? Some estimate that we could see another 20% to 40% drop, give or take.
So what do you do? Wait and see — you might miss the boat. Or do you ape in now and take the potential downside risk as being short-term? Actually, the math says ape in now, because any downside now will just turn into upside later. If we’re anywhere near the bottom, and prices rebound, you’ll enjoy much greater gains than if you use a dollar-cost average strategy and work your way in slowly.
In that spirit, here are three great cryptocurrencies to start aping into today.
This one’s a no-brainer. In terms of liquidity, Bitcoin is far ahead of altcoins. However, that’s going to end soon as on-chain data shows that two-thirds of the bitcoin circulating supply is now in the hands of long-term hodlers. Moreover, long-term investors have been pulling BTC off exchanges at a breakneck pace. This means that the price really can’t go too much lower and that a supply shock is imminent. Take your positions now. If the price goes down, don’t sell. Just buy more.
Uniswap is the premier decentralized crypto exchange. Ever since the LUNA debacle and the death of several centralized exchanges, crypto investors are more and more turning back to the decentralized variety. And Uniswap’s UNI token accounts for more than half of the market cap of all DEX’s combined. Whether the price goes down or up in the short term, the trade volume is bound to increase making the UNI token more and more in demand. If you only add one DEX coin to your bag, it should be UNI.
The first thing to note is that holding GLO will likely give you exposure to both of the cryptocurrencies mentioned above. That’s because GLO is a treasury-backed token. Or at least it will be. The platform doesn’t launch until mid-October — which is actually perfect timing being near the end of a bear market.
The Uniglo platform is an investment DAO. That is a decentralized autonomous organization. As a community, the organization invests in a wide variety of digital assets from cryptocurrencies to tokenized real-world assets like gold, real estate, and other rarities.
GLO is still in ICO mode and the tokenomics greatly favor early seed investors. There are two things that make GLO a no-brainer. The first is that the circulating supply is constantly falling due to a dual-layer burn mechanism. This helps to assure that the price of the token remains stable (or goes up, of course).
Second, all holders make a donation to the treasury when they buy in, and all sellers leave a portion of their stack behind when they leave the community. Because of this, the treasury is constantly growing forever and ever no matter which way the market is headed.
If the presale hasn’t already sold out, then the earlier you get in the better. This is because there will be a number of burns prior to GLO going onto exchanges. Plus all unsold GLO tokens will be burned if the supply doesn’t sell out. What could be better than making gains on a token before it’s even hit the exchanges?
Learn more here
Join Presale: https://presale.uniglo.io/register
Always conduct proper research when dealing with pre-sales of currencies and tokens. The information above does not constitute investment advice by CryptoMode or its team, nor does it reflect the views of the website or its staff.
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