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A growing bullish divergence in May and June resulted in a green rally in July, and the trend is likely to continue in August. After the market recovered from its lowest point, many experts are of the opinion that Bitcoin may have found the bottom.
This positive sign is an indication of a possible upside move for cryptos like Uniglo, Polkadot, and Ethereum. A strong community coupled with good fundamentals will play a key role in initiating a bullish trend.
Uniglo is an upcoming decentralized social platform, where the native token GLO is backed by a wide range of assets. Unlike other digital currencies, GLO is immune to volatile market conditions, thanks to a stable floor price. Rare NFTs, top cryptocurrencies, and digital art are some of the asset classes added to the Uniglo vault, in order to protect the underlying value. The primary goal of this platform is to become a hedge against volatility by backing the token with tangible and intangible assets. Furthermore, the auto-burn mechanism on every transaction coupled with a buyback-and-burn strategy will always ensure sufficient demand. The presale is currently underway, and things are looking great for August and beyond.
Polkadot is a multichain network that can process up to 1 million transactions per second across parallel chains. It runs on a proof-of-stake consensus, where validators can verify transactions and receive freshly minted tokens as a reward. DOT is the governance token of the ecosystem which allows users to participate in community voting and decide on proposed amendments. It saw an all-time high of USD 55 in 2021 and is currently available at a juicy discount. August may be the month it could rally from the USD 7 range to double-digit figures.
Over the past few weeks, investors have turned bullish on Ethereum at the back of its much-awaited “Merge”. What started as a Proof-of-work blockchain will now be transitioned to Beacon’s Proof-of-stake network. According to Vitalik, this migration is yet to be priced in, and it would only happen when the merge protocol goes live. The transition will have a significant effect on gas fees, transaction speed, and network congestion. A strong community of developers and investors welcome this move in a bid to drive mass adoption.
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Join Presale: https://presale.uniglo.io/register