Ethereum (ETH) and Shiba Inu (SHIB) whales are investing in the first presale of Uniglo (GLO) to balance their portfolios
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Cryptocurrency investors are suffering in a bear market, facing losses and the possibility of a recession. As the prices of well-known cryptos like Ethereum (ETH) and Shiba Inu (SHIB) fail to pull off the bottom line of the economy, whales are looking for the next big thing that can help them counter their losses in 2022. And some big investors have found refuge in the new crypto called uniglo (GLO).
Uniglo is about to start its first presale, but is already attracting the attention of crypto whales. This currency features an ultra burn mechanism that will more effectively limit the supply of its tokens than most other cryptos.
To begin with, Uniglo will create a small fund for the purchase of various properties. The asset mix will include cryptocurrencies, NFTs and digitized real-world assets. By betting on the appreciation of a wide range of assets, Uniglo can counter the volatility of most cryptos. Therefore, its token, GLO, shows strong potential for price gains for those who invest in it during the presale that begins in mid-July.
Ethereum is, of course, one of the top blockchains in the world and second only to Bitcoin (BTC) in terms of market capitalization. However, the price of its ETH coin has dropped 78% since its all-time high last November 2021. And investors are feeling the fall. Only 17% of Ethereum 2.0 stakeholders are reportedly making profits, while most of them are under water.
BTC Bull Michael Sayler also recently commented that Ethereum is a security rather than a commodity. He explained that the platform is not fully decentralized since the ICO was released and has a management team that makes the decisions and takes care of the software upgrades. This line of reasoning only adds to the notion that some cryptos require regulatory oversight, which many whales would not want to embrace.
Shiba Inu (SHIB)
Shiba Inu decentralized crypto was launched in 2020 and has been a popular investment option ever since. Investing in its coin, SHIB, brought wealth to investors before the great crypto crash last May. However, SHIB was abundant and began with a total supply of a quadrillion tokens. Now, it is feeling the volatility in the bear market.
Whales are buying SHIB to increase its price. But his effort may not be enough to provoke a successful bull run. While SHIB is making minimum price gains, the token’s long-term outlook still appears to be bearish.
However, the recently announced launch of the new Shiba Inu stablecoin should provide support and inject utility into the Shiba ecosystem.
Whales invest the most in crypto and, therefore, take on a lot of risk. For investors, a good strategy can be as simple as finding where the whales have gone. Therefore, as these giants invest in new preselling cryptos like Uniglo, you can follow suit to take advantage of the opportunity to balance your portfolio.
Learn more here:
Join the Presale: https://presale.uniglo.io/register