Most of the key macro bottom indicators have already flashed. The hash tape indicator blinked; It measures when miners capitulate and this is a typical sign of an excellent accumulation period. Weekly RSI signals Bitcoin is oversold for the third time ever; the last two times were the lows of the previous cycle. And the logarithmic regression chart shows the current price of bitcoin as the point of maximum financial opportunity.
A huge market reversal is imminent. This next bull run will be unlike anything there has ever been, and as the masses adopt crypto, digital assets will experience a period of unprecedented growth. Seasoned crypto investors are looking for the next small-cap gem that has the potential to reach 100x, and one token that keeps coming up is Uniglo (GLO). This Ethereum-based social currency is already up 35% in the last week alone. It is just beginning its rally, leaving the established top projects Avalanche (AVAX) and Binance Coin (BNB) far behind.
Uniglo is starting to attract whales and on-chain data shows that these whales are targeting and heavily participating in this ICO (Initial Coin Offering). Speculation as to why they attend boils down to two main reasons. The first is the Uniglo vault. Uniglo’s vault stores a collection of digital and physical assets, giving GLO a natural floor price and increasing in value as the assets in the vault increase in value. This makes GLO the first secured token in DeFi. And the second reason is the Ultra Burn mechanism. As detailed in the project’s whitepaper, 2% of every transaction is sent to a wallet with an unknown private key called Uni Abyss. This highly aggressive burn strategy will see the value of early investors’ tokens skyrocket as GLO goes public and overall supply declines.
Launched by Ava Labs in 2020, Avalanche brought scalability to DeFi. First, this fresh Layer 1 blockchain was quickly adopted and captured massive amounts of liquidity in DeFi. A viable alternative to the exorbitantly expensive Ethereum network.
However, AVAX, the native token, is down almost 90% since the start of the bear market. With the launch of new, more scalable Layer One blockchain projects, the future of Avalanche and AVAX seems uncertain.
Binance Coin (BNB)
BNB is the token at the heart of the entire Binance ecosystem. BNB is the third largest non-stablecoin altcoin and is seen as a blue-chip crypto project and token that will have an ongoing role in the future of crypto.
BNB is down almost 60% and its current valuation offers a great entry point for investors. Backed by the world’s leading exchange Binance, the future remains bright for BNB holders.
Learn more here
Join the presale: https://presale.uniglo.io/register
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