Uniglo Presale is Pumping; GLO May Sustain Bullish Rally
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With the cryptocurrency market still under bearish control, investors have been limited in what to do with their portfolios. Many of them also struggle with the questions of which assets to sell and which to hold on to.
A new cryptocurrency built on Ethereum may offer some clarity. Uniglo (GLO) is one of the latest additions to the decentralized finance (DeFi) space, offering a stable and alternative avenue for investors. Its original token, GLO, is currently on pre-sale, the price of which has increased by more than 45%. With its strong growth potential, Uniglo could offer more significant gains than holding Binance Coin (BNB) or Bitcoin (BTC).
Uniglo’s first coin offering started last July 15th. The new DeFi project has been steadily growing as more and more investors – including whales – adopt it.
GLO is a community-based social currency backed by an asset store. The Uniglo project recently launched the GLO Community Asset Vault, which houses a selection of stablecoins and non-fixable tokens (NFTs). The purpose of this portfolio of assets is to create a foundation for GLO to remain stable despite market fluctuations.
Consequently, the demand for GLO tokens increases due to the introduction of the vault. The criteria for assets to be purchased and included in the vault are vital to ensure that the GLO is well supported and that each investor has a stake in a valuable investment portfolio. The project continues to evolve and is expected to grow exponentially when it launches on November 18th.
Binance Coin (BNB)
Selling BNB stake for GLO tokens could be ideal in this market. Although BNB is an established cryptocurrency operating on the most prominent decentralized exchange (Binance Chain), it has struggled with price. Additionally, some analysts claim that the Securities and Exchange Commission (SEC) issues with the leading exchange platform have taken their toll on BNB.
Bitcoin (BTC) is said to be the money of the new world, but it is certainly not labeled as safe from the ongoing global economic turbulence. The price of BTC has been fluctuating and falling further in the third week of September. Macroeconomic tensions continue to weigh on the peer-to-peer payment network, especially as interest rate hikes by the US Federal Reserve become more aggressive.
The cryptocurrency market continues to struggle with the bear. Maybe it’s time to let go of some highly volatile digital assets. Invest some of your money in a new crypto gem that is predicted to skyrocket.
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Join the pre-sale: https://presale.uniglo.io/register