Known cryptos like Flow (FLOW) and Hedera (HBAR) are being bearish in the current market to the dismay of token holders. For investors looking for an upside, however, it might be time to consider a new crypto gem—Uniglo (GLO)—that is scheduled to start its presale phase this July 15.
Uniglo introduces a new social currency that has a unique asset backing. This crypto is designed to defend investor portfolios against volatility. Uniglo will maintain a vault that will hold stablecoins, digital gold, and other traditional assets with a history of value appreciation.
The unique approach of Uniglo is intended to hedge against the volatility of the cryptocurrency market. As such, this new crypto gem can maximize the potential for generating short-term gains from rare NFTs and digital assets that are of relatively higher risk.
The Flow blockchain is a smart contract platform that powers a range of apps, games, and digital assets. It is a decentralized network that has a growing community of enterprises, brands, and Web3 builders.
Flow had a successful June in which it reached milestones in terms of scalability, accessibility, and community building. The number of wallet holders and the volume of daily transacting users in the ecosystem also reached an all-time high during this month.
However, with the bearish market, Flow has yet to meet its potential in terms of adoption.
Hedera is a popular enterprise-grade public network that is known for being energy-efficient.
The price of its token HBAR, however, has been bearish for many months and has stayed somewhat permanently in a low range. The token’s price also dropped to $0.060 in June, struggling to maintain a bullish sentiment and prevent significant outflows from top addresses. The network also experienced a relatively low trading volume during the first week of July.
Recently, however, whale activity has increased for HBAR, which could signal a greater momentum for the price of the token.
Many cryptocurrencies have been negatively affected by the current state of the market. As there is no telling yet when the bearish cycle will come to an end, investors could turn to new crypto gems that could outperform even the most known and well-established coins in the industry.
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Join Presale: https://presale.uniglo.io/register
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