Investors are seeking places to keep their money safe since the global economy is on the verge of a recession. Many people feel that cryptocurrencies suit this profile because, unlike conventional fiat currencies, they are not affected by the same economic factors. In particular, it is believed that the four cryptocurrencies in the headline can withstand the stresses of a recession.
When it comes to the economy, a recession is defined as a significant decline in activity across the board. This can include a decrease in job growth to a reduction in the stock market and overall production. A recession typically lasts for at least six months and can have long-lasting effects on individuals and businesses.
Uniglo (GLO), Cardano (ADA), Fantom (FTM), and Bitcoin (BTC) are recession-proof cryptos that have been marked so by industry experts. They are designed to be more resilient to market fluctuations than traditional investments. Experts believe these cryptos will become increasingly popular in the coming years due to their ability to withstand economic downturns.
Uniglo (GLO)
In times of economic recession, people tend to invest in assets that will hold their value or appreciate. Cryptocurrency like Uniglo (GLO) is an excellent example of that.
A brand-new social currency based on Ethereum called Uniglo has tons of innovative features to evolve as hyper-deflationary, recession-proof crypto. The Uniglo Vault, which holds purchases made by the treasury, will sustain the floor price of GLO, the native token.
The treasury fund, financed by buy and sell taxes, will choose the assets to be bought for the vault and will hold stablecoin to protect against volatility. Large-cap cryptos will benefit from long-term price growth and a collection of valuable physical assets that have traditionally served as excellent wealth-storage vehicles.
Cardano (ADA)
Cardano is a decentralized public blockchain and cryptocurrency project similar to Ethereum. With a 24-hour trading volume of $1,127,881,888, the current live Cardano price is $0.578084. Cardano has established itself as one of the most active cryptocurrency assets, and the number of Cardano wallets indicates optimism. Analysts predict that Cardano may hit $1, making it an excellent investment.
Fantom (FTM)
Fantom is a blockchain technology company that enables Smart Cities and IoT devices to transmit data seamlessly and securely. The Fantom platform enables nodes to process transactions quickly and securely. This node is a virtual machine that enables the execution of smart contracts on the Fantom OperaChain.
Fantom’s future seems bright despite declining by almost 90% from its all-time high. The enormous number of dApps being used on the ecosystem and the protocol improvements both promote the possibility for long-term development.
Bitcoin (BTC)
Bitcoin (BTC) is one of the best examples of recession-proof cryptocurrencies because it is not subject to the same economic forces as traditional investments. For example, if the stock market crashes, the value of Bitcoin could rise because people would be looking for a safe place to invest their money.
Additionally, according to price analysis, it is still moving upward. The price started with a modest bias but soon gained speed and challenged the highs of about $25,000.
Bottom Line
Despite the current economic climate, there are many reasons to consider investing in cryptocurrencies. To begin with, governments cannot regulate or manipulate them in any way, which makes them a more secure investment than the standard fiat currencies that are now in use. Second, cryptocurrencies are often employed as a hedging instrument against inflation. Investing in cryptocurrencies may also be a means to diversify your portfolio of investments, which can assist in the preservation of your money during times of economic instability.
Uniglo (GLO), Cardano (ADA), Fantom (FTM), and Bitcoin (BTC) are such ways to protect your portfolio from negative market trends and gain momentum while other assets are in a recession.
For More About Uniglo:
Join Presale: https://presale.uniglo.io/register
Website: https://uniglo.io
Telegram: https://t.me/GloFoundation
Discord: https://discord.gg/a38KRnjQvW
Twitter: https://twitter.com/GloFoundation1
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
Brian
Weiliang
Miyuki