There’s a new phenomenon gripping the cryptocurrency world, and it’s called FOMO. For those unfamiliar with the term, FOMO is the feeling of anxiety that comes from thinking you are missing out on an opportunity.
The Uniglo (GLO) launch day approaches, and holders of Solana (SOL) and Stepn (GMT) tokens are feeling the pressure to participate. The sense of missing something big gets strong as investors observe Uniglo’s latest performance. So, what’s driving FOMO towards this newcomer ERC20 token?
Claiming to be the first fully asset-backed hyper-deflationary social currency with the capability to maintain price positively volatile comes with great responsibilities. However, so far, the Uniglo team has proved their statements well with constant development and dedicated commitment to achieving their roadmap plans.
Uniglo plans to establish a digital vault to serve as a mutual fund for its DAO members. The vault will accumulate popular large-cap and rare low-cap cryptos alongside NFTs, collectibles, and even digitized gold.
The team has already started obtaining assets for the vault, with Ethereum (ETH), Pax Gold (PAXG), Decentraland (MANA), Sandbox (SAND), USDT stablecoin, and much more comfortable sitting in their multi-sig Gnosis safe on the Ethereum chain.
GLO price has surged by 55% during the beginning of presale, and as the final-presale starts, investors all across the market feel FOMO not to stay behind when Uniglo reaches the moon.
Solana is a third-generation blockchain built to address the scalability problem. Solana’s largest competitor, Ethereum, debuted smart contract functionality, but Solana went further, offering smart contracts in its native programming language, Rust, and making significant scalability improvements. Ethereum can perform around 13 transactions per second, whereas Solana can handle 65,000. Solana was designed with speed in mind and will play a crucial part in the multi-chain future.
However, the price of the SOL token has dropped significantly during the last several months. In November 2021, the SOL price reached an all-time high of almost 258 US dollars. But then the bear market began, and SOL and most other cryptocurrencies sank dramatically. As a result of Solana’s inability to withstand market volatility, its shareholders have sought more reliable options, such as Uniglo. Uniglo’s volatility-hedging capability has considerably compelled SOL investors to invest in the newly introduced GLO coin.
STEPN is a self-proclaimed Web3 lifestyle application with GameFi components built on the Solana blockchain. The application enables users to earn cryptocurrency for ordinary activities such as walking, jogging, and running. GMT is the STEPN governance token with a maximum supply of 6 billion tokens.
During the first few months of 2022, STEPN profited from the excitement around DeFi initiatives that rewarded users with crypto tokens for being online. However, since the all-time high (ATH) of $4.11 on April 28, 2022, the GMT token has been on a downward trend.
There is no doubt that the FOMO is real, and investors are scrambling to get their hands on GLO. With the final-presale seeing such colossal volume coming in from SOL and GMT holders, it is clear that this is one project that is generating a lot of interest and excitement.
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Join Presale: https://presale.uniglo.io/register
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
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