Inflation continues to be a giant struggle for the Federal Reserve to manage.
After a disastrous report for September, showing a +8.2% price increase over the year in September, or a +6.6% excluding food and fuel, which tend to be more volatile.
These are the fastest increases since the early 1980s, which was an incredibly difficult time for the most vulnerable.
With these sharp increases in prices, those with lower paychecks will find their spending power eroded and likely struggle to meet monthly home spending budgets.
Despite this, crypto still fails to drop below key prices posted in June of this year.
Bitcoin hit a low of around $17,700 across various exchanges and made a relief rally up to $25,000 in August. Since then, the market-leading cryptocurrency has struggled, with a return to under $20,000.
Despite the dollar continuing its rally and interest rate hikes not stopping, bullish divergences are forming on timeframes as high as the weekly, showing that many people believe the rate increases are already priced in and that the market has bottomed.
This will bode well for Uniglo.io, launching at what will likely be the height of interest rate hikes as the economy begins to cool. The cooling of the economy will be the perfect time to invest as that is when most markets have found their bottom, with institutions usually making the first moves to buy.
Uniglo.io, primed to launch in November, is a token on the Ethereum network. The project concept involves a token that is backed by a vault of assets, whilst additionally, the team’s signature Ultra Burn system will be reducing the supply drastically over time.
The way that the GLO token functions would mean that fewer tokens are backed by a constantly increasing vault, almost guaranteeing positive price action.
With this model launching into what would look to be almost surely the market bottom, Uniglo investors that are currently buying the last allocation of presale will be well placed to find themselves in significant profits by the end of 2023.
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