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The cryptocurrency market has definitely seen better days. For the last three months, the market has been wrestling with the bear, bringing even the toughest cryptos to their knees. In recent weeks, market watchers thought that big players Bitcoin (BTC), Ethereum (ETH), and Uniswap (UNI) were on their way toward a steady bull run, the prices of these cryptocurrencies are instead plummeting once again.
On the bright side, the fluctuations in major crypto prices are creating the perfect storm for launching a unique new decentralized project called Uniglo (GLO). This project is off to a strong and promising start and could generate big gains for early investors.
The Uniglo project operates within the DeFi space, bringing with it a social currency underpinned by a multi-asset-backed treasury. The funds in this treasury will be used to acquire an array of digital currencies and digitized tangible collectibles to enable the project to generate gains from asset appreciation. The project's native token, GLO, will therefore be backed by a diversified bed of assets — a protectionist approach to managing the currency. The project also introduces a special Ultra-Burn feature that further drives the price of the GLO token by reducing the total supply of tokens in the secondary market.
The Uniglo project offers a timely and lucrative option for holders of Bitcoin (BTC), Ethereum (ETH), and Uniswap (UNI).
Bitcoin might be the crypto king but it has been struggling for the last few months. In late July and early August, the leader in innovative payment networking was able to hit the resistance level of $24,000, and signs seemed to be pointing towards recovery. However, BTC is failing once again. As of this writing, BTC was trading at $20,363.78.
The second placer to Bitcoin, Ethereum is also at risk of experiencing a price dip. While the price of ETH has successfully gone past $1,500 (with some hopeful investors wishing it will exceed $3,000 before the end of the year), it is also at risk of fluctuating and eventually dropping as the network approaches The Merge, a transition to a Proof of Stake consensus that will change Ethereum forever.
Uniswap, which is a growing DeFi ecosystem for users and developers, has done relatively better than others. It has been making minimal gains while other cryptos have been left in the red zone permanently. However, looking at its year-on-year performance, its market capitalization is down by $1 billion.
The Uniglo project is currently on Phase 2 Presale. Interested buyers need to watch the live presale activities before the project publicly launches in mid-October.
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
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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.
