The presale period of a cryptocurrency project could be an exciting time. Some cryptos are priced close to zero and pose minimal risk to first-time or small-time investors who just want to give crypto investing a try. The project could fail. It could achieve mediocre gains. But it could also do exceptionally well. And the gains of the most successful launches can make millionaires out of those low-risk investors.
That’s why when a new decentralized project showcases massive price surges even during its presale days, we need to pay more attention to it. This is exactly what is happening with Uniglo (GLO), the new DeFi project built on Ethereum that started its presale last July 15. Within the first week of its presale, GLO already experienced a strong price surge. Now, its presale price seems to have increased by 30% overnight.
Now, investors from different corners of the DeFi sphere are flocking to see what the surge is all about. Investors are understandably keen to take part in this kind of overnight yield-making, as projects like Helium (HNT) and Lido DAO (LDO) continue to tumble down.
Built on Ethereum, Uniglo is a new community-based social currency designed to have a robust asset backing. The Uniglo project will have an Asset Vault housing digital currencies, rare non-fungible tokens, digitized gold, and other digitized real-world assets. This vault will form part of the backbone that will keep Uniglo’s native token GLO upright despite fluctuations in the market.
The project’s Ultra-Burn feature also has many analysts talking. While token burns are common in the cryptocurrency market, the founders of Uniglo aim to wield token burning as a tool to consistently promote the value of GLO by keeping its supply in the market as low as possible. While other cryptocurrencies such as Shiba Inu (SHIB) are all about distribution and having a quadrillion token supply, GLO is all about scarcity and wealth accumulation.
Uniglo could outpace Helium, the unique blockchain-based Internet-of-Things (IoT) solution that makes use of hotspot devices. When these hotspots provide wireless coverage and transfer device to and from the Helium network, users earn HNT. While Helium introduced a novel protocol, its founders recently announced a proposal to relocate the entire project over to the Solana platform. It appears that users and investors did not take this proposal well, as the price of HNT has been plummeting. Over the last 30 days, HNT price was down by 55%.
Lido DAO (LDO)
Lido DAO, which is a liquid staking solution for blockchains with a Proof of Stake consensus, is also tumbling down. Lido DAO is an important project that aggregates node operator partners to facilitate validation in major blockchains including Ethereum and Solana. The LDO token plays a huge role in the decentralized autonomous organization as a tool for governance, incentivization and pay-outs. Lido DAO, however, recently had a price crash. The project is trying hard to achieve a rebound and ideally achieve a trading price beyond $2 by the end of September.
While crypto projects like Helium (HNT) and Lido DAO (LDO) decline, now would be a good time to shift your wealth to Uniglo, the latest DeFi project that shows strong earning and growth potential.
Find Out More Here:
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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