If we look at the price performance of cryptocurrencies over the last 12 months, the general trend is downward. Most price charts are in the red zone. That is bad news for crypto investors. Despite the best efforts of bull forces, the prices of popular cryptos such as Ethereum (ETH) and Solana (SOL) continue to drop or stagnate.
Is there still a place in the cryptocurrency landscape where we can actually see green? The answer is yes. Over at Ethereum, a new crypto gem has emerged. Uniglo (GLO) started its initial coin offering last July 15th. Since then, its GLO token has had a substantial price movement.
Uniglo (GLO)
The Uniglo project started with a small treasury for buying digital currencies and digitized tangible assets, which has jumpstarted the demand for its GLO token. As more investors learn about Uniglo’s special features, the project increasingly garners interest and support. The project’s special features include a Community Asset Vault (for holding a wide range of digital currencies and digitized tangible assets) and its Ultra-Burn Mechanism (a unique system for buying back and burning GLO tokens from the secondary market).
The project is on Phase 3 of Presale, and its GLO token has already gained more than 45%. Early adopters are celebrating the early wins of this project and are gearing for an otherwise explosive launch in November.
Ethereum (ETH)
On the other hand, Ethereum has been losing. Ethereum might be the world’s second-largest blockchain network and one of the most expensive cryptocurrencies in the market, but it is no stranger to struggle. In an event dubbed “The Merge,” Ethereum has switched from a Proof of Work to a Proof of Stake consensus algorithm, which reduces its energy consumption by 99.99%. However, in a less-than-ideal turn of events, the price of ETH has also dropped.
Solana (SOL)
Solana is also affected by the market downtrend as well as the upgrades over at Ethereum. Solana is a popular decentralized computing platform known to be the fastest blockchain in the market. Given Ethereum’s full shift to a Proof a Stake methodology, Solana is in need of an additional source of competitive advantages. The price of SOL has also not been as strong as its investors hope.
The bottom line
Green is certainly the color of life. As the price chart of GLO continues to soar in green amidst all the red, it offers investors hope of bringing life back to their crypto investments.
For More Information:
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
