A few cryptocurrencies are notable for making millionaires of their investors. For example, digital assets such as Shiba Inu (SHIB), Dogecoin (DOGE), and Apecoin (APE) generated millions for people who purchased them soon after their launch. Understandably, many people are yearning for the same kind of experience, especially as the global economy faces inflation and many other economic challenges.
If you are looking for the next millionaire maker in crypto, the new player in the decentralized finance (DeFi) space called Uniglo (GLO) could end your search. Uniglo offers an investment opportunity for both private and institutional investors who want long-term, sustainable, and passive income.
What is Uniglo all about? This new DeFi project was created by its founders after realizing the pitfalls of cryptocurrencies that came before. Uniglo’s developers recognize that a major risk factor in cryptos is their volatility. Many cryptos in the market rise and fall based on speculation and popularity. While some digital assets have sustained their growth under an investment atmosphere riddled with uncertainty, most have failed.
To help counter volatility, Uniglo will back its GLO token with multiple assets including digitized tangible assets, digital currencies, and rare non-fungible tokens (NFTs). The price of GLO is expected to increase as these assets appreciate. Uniglo also introduces its Ultra-Burn Mechanism, which is a unique strategy for limiting the supply of tokens in the market that would drive the value of GLO.
Moreover, Uniglo will be a decentralized autonomous organization (DAO), ensuring that all investment choices and actions are voted on by the community. As such, the GLO community is beginning to take shape, gaining strength and influence as the token gains momentum.
Shiba Inu (SHIB)
Similar to Uniglo, Shiba Inu is also Ethereum-based. Shiba Inu has been on a steady rise and has been making millions for the people who invested in it early. Those who purchased SHIB between its first year and the early part of its second year, and stayed on, would have been lucky enough to see their investment increase tenfold during the last days of October 2021. At that time, Shiba Inu’s market capitalization skyrocketed to $41 billion. Today, however, Shiba Inu’s market capitalization has dropped from its all-time high. The support of Shiba Inu fans and community members remains nonetheless rabid and has been the major reason for the continued presence and persistence of SHIB in the crypto trading sphere. However, as a meme coin, the popularity of Shiba Inu could easily fall as quickly as it rises.
After Dogecoin entered the market in 2013, it famously made millionaires of its adopters. Dogecoin was originally created to poke fun at the likes of Bitcoin, which have no inherent value and are extremely volatile. As it turned out, however, Dogecoin benefited from the volatile nature of cryptocurrencies. The value of DOGE exploded. In mid-April 2021, the price of the original meme coin jumped from $0.10 to $0.45 within two days, which translated to a trading volume of nearly $70 billion.
Apecoin was launched in March 2021 and has been quick to make a name for itself in the DeFi and NFT spheres. Compared to Shiba Inu and Dogecoin, however, Apecoin is the newbie and has shown the slowest momentum from launch. Today, it barely makes the list of the top 30 cryptocurrencies by market capitalization. However, with a growing list of brands that accept APE as payment, which now include Gucci and TAG Heuer, Apecoin appears to be set on carving a position in the market as the coin of the wealthy.
Making millions in cryptocurrency has become a rare sight in recent months. But with Uniglo in the picture, we could be seeing new millionaires who accumulate wealth with crypto based on a strong asset-backed social currency rather than pure speculation.
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