The two giants of the cryptocurrency market may finally be demonstrating hope after months of experiencing bottom-dwelling prices. Last July 28, both Bitcoin and Ethereum were shown to be consolidating at target price levels. The market’s top 100 altcoins were also in the green zone of trading charts for that day.
As cryptos like Ethereum (ETH), Bitcoin (BTC), and Tron (TRX) take on an upward journey, the tide could be rising for all other digital assets. And it could be the best time to learn more about a new crypto gem that has not even been publicly launched yet but is already opening the doors to massive returns.
The crypto gem we refer to is Uniglo – it’s a new decentralized finance (DeFi) project that introduces a multi-asset-backed treasury. Its GLO token will, therefore, be supported by a mixture of assets to ensure it is affected by market fluctuations as minimally as possible.
The Uniglo project has a limited token supply of only 218.75 million GLO tokens, and the volume of tokens that will be available during the presale would only be 175 million. Currently, the project is in the first phase of its presale, which is scheduled to last until the 15th of August.
To further promote the value of GLO, the project will implement a unique Ultra-Burn Mechanism that is designed to buy back tokens in the secondary market before burning them.
Ethereum has been seeing green over the last week, as the price of ETH broke against the resistance near $1,675. By July 28, the price had broken past $1,700. As of this writing, ETH was already trading at $1,726. Many ETH traders are hopeful about the upcoming Merge – which will shift Ethereum toward a proof-of-stake consensus – making them flip long on their ETH holding.
Finally, holders of Bitcoin have been able to breathe a bit more easily, as the price of BTC hits resistance levels. Over the last month, BTC broke past the $20,000 resistance market. More recently, it went over the $23,000 market. Currently, BTC is already trading at $24,041. According to an expert for Cryptoquant, now would be a good time to buy more Bitcoin.
Tron has been doing relatively well this year amidst the downward spiral of most other cryptos. While Bitcoin was losing over 50% of its price, Tron only had a price drop that was less than 10%. Since it was launched in 2018, Tron has always managed to stay in the top 50 cryptocurrencies across the world. Today, it also has an algorithmic stablecoin that helps propel the price of the TRX token upward.
The bottom line
As the top players of the cryptocurrency industry are on their way toward recovery, investors are feeling ease, even confidence, to buy more digital assets and bet on the ones that promise to bring massive gains. As such, many investors are turning to Uniglo, which has already gained over 25% within the first week of its presale.
For More Information:
Join Presale: https://presale.uniglo.io/register
Always conduct proper research when dealing with pre-sales of currencies and tokens. The information above does not constitute investment advice by CryptoMode or its team, nor does it reflect the views of the website or its staff.
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