You can’t go wrong keeping an eye on Uniglo if you’re looking for the next big cryptocurrency. One of the many qualities that make Uniglo a worthwhile investment is its “Ultra Burn” capability. Here are a few reasons why you shouldn’t pass up this opportunity like you probably did with Tron (TRX) and Shiba Inu (SHIB).

Uniglo (GLO) “Ultra Burn” feature

Uniglo (GLO), a revolutionary, hyper-deflationary social currency built on the Ethereum Chain, impresses crypto enthusiasts with its unique Ultra-Burn feature, which includes burning 2% of every $GLO transaction. Looking at a bigger picture, 2% of millions

of daily transactions gives the Glo Foundation confidence to call the mechanism a successful approach to reducing supply and increasing prices.

Additionally, Uniglo’s Ultra-Burn tool buys back $GLO from the secondary market and burns it. The second approach is connected to Uniglo’s exclusive real-world asset-backed vault.

This vault is funded by a 5% tax that is also applied to each $GLO transaction and is dedicated to generating higher profits from them. The more income Uniglo generates from the vault, the more $GLO will be burned. So the higher the price you get.

Uniglo entered its presale mode on July 15, and thanks to its unique features and certified protocol, the price of GLO has already increased by 25% ($0.0125 per $GLO).

Tron (TRX)

Tron is an ecosystem that provides various DeFi services and is notable for its emphasis on content. As a result, it appeals to authors who want to remove the oversight common to centralized content development and delivery platforms.

Historically, the use case for Tron has been decentralized file storage and content sharing. Tron is currently working on integrating a stablecoin ecosystem into its Layer-1 network. This is sure to significantly boost the coin’s potential applications and demand.

The value of TRX is scheduled to remain fixed at one US dollar. When the price drops below, TRX holders can buy them at a discount, and when the price rises, they can convert back to TRX. The more stablecoins the platform mints, the higher the demand for TRX should be.

In 2018, TRX hit an all-time high of $0.3, leaving thousands of early adopters with millionaire gains and others agonizing over missing out.

Shiba Inu (SHIB)

In April 2021, the Shiba Inu market capitalization barely registered, but in April 2022, more than 1,000 Shiba Inu wallets were valued at more than $1 million.

A large coin burn mainly caused the rapid increase in the price of the Shiba Inu coin. Ethereum co-founder Vitalik Buterin has sent 41% of the total Shiba Inu coin supply to a burned address. This precipitously increased the cost of Shiba Inu coins and brought the market cap to approximately $14 billion in a matter of days.

In October of last year, a spike in interest propelled the Shiba Inu to a market valuation of nearly $40 billion as the price of the coin hit an all-time high of $0.00008845.

In general, Shiba Inu has also given birth to hundreds of crypto millionaires who chose the right time to trust the project and invest in it.

So, if you think you missed out on becoming one of the many Shiba Inu or Tron millionaires in recent years, you might want to check out Uniglo (GLO).

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