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A stable alternative to Bitcoin? recovery strategy for Bitcoin owners. Unicoin may be pur-
chased using Bitcoins and Ether, so that the owners of
ollowing Bitcoin's recent those currencies can utilize the superior business model
plunge in price (https:// of Unicoin to increase the value of their crypto holdings,
cnn.it/3tWpPG1), Alex possibly by as much as 40,000 percent."
F Konanykhin, CEO and
founder of Unicoin, reached out Konanykhin also suggested that because of its stabil-
to The Green Sheet to suggest Unicoin offers a less volatile ity, Unicoin would be appealing to consumers who have
alternative to Bitcoin. Unicoin, launched in February 2022 shied away from crypto wallets, as well as to merchants
by the Unicorn Hunters show, is "the first dividend-pay- who have been uncertain about the need for crypto accep-
ing coin that offers investors protection from high volatil- tance. In addition, he noted, "Unicoin is expected to gain
ity because it is backed with real assets," he wrote. (To see market share, as investors move from traditional no-asset
episodes of Unicorn Hunters, see https://unicornhunters. coins to the next generation of cryptocurrencies; Bitcoin
com.) is no longer preferred by investors, who at present look
for currencies that provide stability and pay dividends to
"The world’s largest cryptocurrency, Bitcoin, dropped its holders; and Bitcoin has tended to correlate with stocks
below the $20,000 mark, according to CoinDesk data," and other risky assets, and when these indices fall, these
Konanykhin added. "The current crypto market capital- crypto coins drop as well."
ization fell below $17,592.78, falling below $20,000 for the
first time since December 2020. It has lost almost 60 per- Does this pique your interest?
cent of its value this year and 37 percent this month alone With merchants grappling with extreme inflation, are
in the cryptocurrency sector's latest meltdown." cryptocurrency payments coming up in your sales conver-
sations now? Tell us what's most critical to your business
In addition, he noted, "As Bitcoin plunged to less than one- under today's market conditions. We will welcome your
third of its all-time high value, causing massive losses for comments at greensheet@greensheet.com.
many crypto investors, Unicoin unveiled its special loss
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