The cryptocurrency market might be taking its first steps towards recovery, as major coins build momentum. And this bullish momentum is seeping into a few other tokens.
For instance, the new crypto Uniglo (GLO) just achieved a 25% increase during the first week of its presale — this is a feat, considering that it showcases a level of popularity that exceeds that of Chainlink (LINK) and Algorand (ALGO). The price of the GLO token may only go higher as it approaches its launch in mid-October.
What is Uniglo (GLO)?
Uniglo is a new DeFi project that is gaining a lot of attention. Investors want a slice of its pie before the price of its GLO token surges to exponential levels.
The Uniglo project is focused on developing an asset-backed treasury. This simply means that the project will build a treasury, using its funds to acquire a range of high-potential assets. The Uniglo community will decide collectively what assets to include in their vault. Currently, the developers are eyeing digital currencies and digitized tangible assets. The ideal asset composition for Uniglo will optimize the earning potential of volatile assets while mitigating price fluctuations with stable assets.
Chainlink is an Ethereum-based oracle network that enables data transfer from external sources to on-chain smart contracts. Essentially, it offers data security. It is one of the most, if not the most, widely used oracle networks in the world. Analysts have been bullish about Chainlink over the last two weeks. Investors can certainly augment their earnings from LINK by jumping on the Uniglo growth momentum.
Algorand is a payments-focused blockchain that ultimately aims to use decentralization to create an inclusive economy. The project boasts of providing quick financial services with immediate transaction finality. Algorand has strong potential for long-term gains. Unfortunately, it has been at a loss in the short term. The price of its ALGO token was down 13.57% during the week of this writing.
The bottom line
Due to its rising popularity, Uniglo is outperforming Chainlink (LINK) and Algorand (ALGO). If interested investors adopt this new crypto early enough, they can maximize its excellent performance and achieve massive gains.
Learn More Here:
Join Presale: https://presale.uniglo.io/register
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