As the Uniglo token prepares to launch later this month, sentiment among traders is bullish compared to that of Curve and Synthetix. While both CRV and SNX have seen their fair share of ups and downs since launch, traders seem to believe that Uniglo has the potential to outperform both tokens.
Curve (CRV) and Synthetix (SNX)
Bulls must develop before the CRV coin enters its recovery phase. Currently, the token is preparing to exit the parallel channel. It will take some time to determine whether the CRV coin can attract positive support by forecasting a significant increase in buying over the daily chart. Technical indicators demonstrate the extent of the CRV currency’s surge.
The price of SNX, the core native asset of Synthetix, added only 30% since June and is still 90% down from the all-time high. However, the Synthetix team is going to implement a number of major updates to bring a new generation of traders to the platform. Namely, Synthetix aims at reducing fees, add more DEX integration and new markets, and improve user experience.
Uniglo (GLO)
Uniglo creates a totally asset-backed currency that addresses everyone’s least favorite part of the cryptocurrency industry: volatility. It is a community-based social currency with enormous development potential.
Uniglo uses a unique vault that will purchase and hold physical digital assets as well as digital gold. The funds from this vault will be used to purchase GLOs on the secondary market and burn them to reduce the supply with their first ultra-burn instrument.
In addition, every GLO transaction will incur a fee equal to 2% of the GLO being purchased or sold. A fully asset-backed currency that is impervious to volatility and resistant to the irrational speculation associated with undiversified cryptocurrencies is produced by this relatively new and effective burning mechanism.
Uniglo’s price has increased by a whopping 25%, indicating the project’s immense potential and potential for widespread adoption. Analysts predict GLO will proudly sit alongside the top currencies because of Uniglo’s significance and the unique ultra-burn tool’s strength.
Learn more here:
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
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