The cryptocurrency market is always in flux. It can be difficult to pin it down and identify the good investment options from the bad ones. However, market watchers are in unison in saying that the new decentralized project, Uniglo (GLO), is set to rise above the low-performing projects. Uniglo is said to be a clear candidate for the Top 50 cryptocurrencies. It is primed to dislodge cryptocurrencies such as Aave (AAVE) and ApeCoin (APE) out of their current positions.
The Uniglo project is a new addition to the market’s social currency selections. But its GLO token stands out among the rest because it will not be purely speculative. Instead, the project was designed around a social currency that is geared for constant growth and long-term wealth accumulation.
The GLO token will have a bedrock of assets that will be handpicked by Uniglo community members to ensure the token is strong and earning. The assets that will serve as the token’s foundation will include a diverse mix of digital currencies, rare non-fungible tokens (NFTs), and digitized real-world properties.
Over time, those who bought GLO during the presale will see their investment grow exponentially. They will also be holders of a cryptocurrency that is part of the list of top-performing cryptos in the market.
With its focus on diversification and sustainable yield-making, Uniglo exhibits a strong competitive edge against the likes of Aave (AAVE) and ApeCoin (APE). Aave is a popular open-source protocol that facilitates the development of non-custodial liquidity markets. Aave is one of the leading projects and cryptocurrencies in the market, but it has admittedly struggled over the last few months. The price of AAVE peaked in January this year at $276.74 and has failed to recover ever since.
ApeCoin is also one of the most unique digital currencies in the market. It is one of the native currencies of the Bored Ape Yacht Club (BAYC) metaverse created to support entertainment, art, gaming, and experiences relating to Web 3.0. While APE has fantastic uses, however, its price continues to be on the decline.
The Bottom Line
The investment market, in general, has been turbulent in 2022. But recovery could be around the corner. Before it comes, investors best have some of the sturdiest assets in their portfolio. And based on what we know so far about Uniglo, its native token GLO could be a solid bet to keep your investment robust.