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Uniglo (GLO), Dogecoin (DOGE) And Shiba Inu (SHIB) Might Be The Most-Favored Tokens For New Investors

Cryptocurrency Aug 10, 2022 02:01AM ET
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© Reuters. Uniglo (GLO), Dogecoin (DOGE) And Shiba Inu (SHIB) Might Be The Most-Favored Tokens For New Investors
 
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Blockchain as an emerging technology has garnered plenty of attention in the past decade. The disruptive mechanism behind it can be a game-changer for various industries worldwide. As we move ahead in the race, investors are always on the lookout for opportunities that might bring life-changing gains. Uniglo, Dogecoin, and Shiba Inu are currently some of the most popular tokens in the crypto space. A massive community is one major factor behind this popularity, but let’s dig a little deeper to understand what they bring to the table.

Uniglo (GLO)

Uniglo is an answer to volatile market conditions that can sweep away entry-level investors within the blink of an eye. It is a social currency backed by a basket of tangible and intangible assets that protect the underlying value of the token. For every GLO trade, 2% of the volume is burned, while 5% is added to the treasury. As the GLO vault grows in strength, so does the frequency of scheduled burn. The protocol is based on the DAO mechanism, where users will have their say on fund allocations, token burns, and other important project functions. Within a few weeks of the presale, Uniglo has attracted investors across the world.

Dogecoin (DOGE)

The history of Dogecoin dates back to a time when cryptocurrencies were not mainstream. It started as a meme token with no utility and indefinite supply. Over the years, the project went on to build a strong community of investors and developers, including big names like Elon Musk and Snoop Dogg. It has its own blockchain network that is far more cost-efficient than bitcoin and Ethereum. Several merchants across the world accept Dogecoin as a mode of payment for real-world purchases. Unlike other meme tokens on the market, DOGE has its own identity that has gone from strength to strength over a period of time.

Shiba Inu (SHIB)

Shiba Inu is another meme token that rose to fame in 2021 after it went on to become one of the top 20 cryptocurrencies in the market. Unlike Dogecoin, it has a burning mechanism in place that ensures a consistent application of supply and demand economics. The team launched a token burn platform in April, which led to an increase in burn activities. As the ecosystem dives into metaverse and blockchain gaming, we can expect more coins to be removed from circulation.

To find out more about Uniglo visit official website, Twitter (NYSE:TWTR), Discord or Telegram. To find out more about the presale, click here.

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Uniglo (GLO), Dogecoin (DOGE) And Shiba Inu (SHIB) Might Be The Most-Favored Tokens For New Investors
 

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