Uniglo (GLO), the little-known altcoin, has been making big waves in the crypto world after a substantial recent price surge. The unassuming coin has now gained the attention of the Curve (CRV) and Chainlink (LINK) communities, two of the largest and most influential groups in the crypto space. While it remains unsure if Uniglo can continue this impressive run, the coin has definitely made a splash in the crypto sphere and is one to watch out for in the coming months.
What Is Uniglo (GLO)?
Uniglo (GLO) has plenty to offer investors and consumers and is rapidly growing in popularity. Numerous indicators point to Uniglo’s immense potential, but the team’s dedication to openness and a documented, well-thought-out strategy holds the key.
Uniglo, unlike many other projects in the same field, does not seek to imitate others. Instead, the team has built a unique method for using blockchain-based technologies that provides them a competitive edge.
The tokenomics approach of Uniglo is advantageous for both short-term and long-term investors. The team has developed a buyback and burn plan to limit token supply and raise token demand. Consequently, the token’s price should rise in the future.
Investors with a long-term horizon are gaining interest in the GLO token as a result of its tremendous, steady profit potential. As a consequence of the development team’s most recent Know Your Customer verification and Audit pass, Uniglo’s usage is rising rapidly, even during its pre-sale phase.
GLO has already surpassed its initial pricing, selling for $0.0135 per share. 35% increase in the first two months of existence demonstrates the project’s potential, and the industry as a whole has great expectations for it.
Why Are Curve (CRV) And Chainlink (LINK) Communities Headed To Uniglo (GLO)?
Curve (CRV) is regarded as one of the most popular automated market maker (AMM) platforms in the cryptocurrency space due to the highly efficient manner in which it enables users to exchange tokens while maintaining low fees and low slippage due to the fact that it only supports liquidity pools comprised of similarly behaving assets.
However, since the beginning of 2022, Curve has seen fluctuations. Despite the token’s mostly positive nature, it was very volatile and susceptible to market changes.
To function, blockchain-based apps and smart contracts need accurate and current data. Chainlink, powered by its native crypto asset LINK, functions as a bridge to integrate reliable data from outside the blockchain, such as widely-used interest rates, into smart contracts written on the blockchain.
Chainlink price analysis for September 2022 suggests that the market is exhibiting a partial bearish trend and accumulating enormous negative momentum, indicating a market decrease for LINK.
Curve and Chainlink may have a bright future, but forthcoming bears will continue to leave their performances with scars because none of them are designed to withstand the volatility.
This may be the primary impetus for Curve and Chainlink communities to adopt Uniglo. The native token of a newly introduced Ethereum-based token is supported by a unique combination of digital and physical assets, and ultra-burn is used to make the token scarcer.
The combination of a hyper deflationary model and a backing mechanism makes Uniglo a reliable solution for profit growth. This has already been shown by Uniglo’s phenomenal presale success — a 35 percent price rise in a very short period of time.
Learn More About Uniglo:
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.