Bitcoin continues to trade in a range between $24,000 and $22,000. Investors are waiting for July’s CPI (Consumer Price Index) report to see if the Fed’s rate hikes have effectively fought inflation. With an incredible employment report, more than half a million jobs were added in the United States in July; Bitcoin is likely to break out of this band in either direction after the news. Low inflation is desired, with high inflation indicating that the United States could be heading for a period of stagflation.
Either way, Bitcoin has retraced over 65% from its November 2021 peak and is trading close to its previous ATH (All-Time High), which usually becomes support for the next cycle. The current price of digital assets represents the accumulation phase, and investors who buy now will be the ones to reap life-changing profits in the next bull run. Crypto insiders touted Uniglo (GLO), Cronos (CRO), and Chainlink (LINK) as projects with the greatest potential in the digital asset space.
Introduce a new social currency, Uniglo will be a value-backed token with an intrinsic price floor. Uniglo developers designed GLO with the current financial landscape in mind where investors are choosing between fiat, whose value is eroding every year, and cryptocurrency, which has suffered extreme volatility in recent months. GLO is supported by Uniglo Vault, which houses a wide range of assets, including real world and digital.
Uniglo allows the ordinary investor to store their wealth in high-end items that have proven to be a brilliant store of value but are often outside their price range, such as fine art, gold and rare whiskey. Buy and sell taxes are put in place to fund the Treasury, which acquires assets, and 2% of all transactions on GLO are automatically sent to a burn wallet, making GLO a hyper-deflationary token. GLO represents an indispensable store of organic value that grows over time.
CRO is the native token of the Cronos chain, the blockchain developed and deployed by the popular Crypto.com exchange. CRO is also the utility token of Crypto.com, and its performance is tied to the performance of the exchange. With the upcoming Cronos Channel and Crypto.com upgrades attracting a growing user base, CRO is poised to perform well in the months ahead.
CRO is trading just below $0.15 with major token burning underway. The future is bright for CRO holders.
Chain link (LINK)
Chainlink is undoubtedly one of the most valuable projects in the crypto space. Created in 2017 and launched in 2019, this decentralized oracle network solved one of the central problems of blockchain technology. Blockchains are isolated and cannot retrieve external data. Chainlink provides external data to smart contracts and connects them to the real world. Chainlink is a critical step in interoperability between blockchain and the real world.
LINK is trading at $7.70, down from a high of $52. Chainlink continues to partner with new projects increasing its value proposition and will likely eclipse its previous high in the next market cycle.
Learn more here
Join the presale: https://presale.uniglo.io/register
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