Major coins like Bitcoin (BTC), Solana (SOL), and Avalanche (AVAX) are seeing a bullish sentiment. This has investors asking whether things are truly looking up for crypto. While analysts cannot give a categorical answer to this question just yet, the bullish sentiment certainly has not stopped investors from making short-term gains, creating momentum for the purchase of other tokens as well. And a new crypto gem – Uniglo.io (GLO) – that just started its presale last July 15 is benefiting from this momentum.
The second quarter of 2022 was a dramatic time for the cryptocurrency market. This period showcased the dangers of market volatility on investment portfolios. Uniglo enters the market at the right time with the right goal – to combat market volatility. The Uniglo is brand new. It just started the first phase of its presale in mid-July, but it has been gaining so much traction among investors and analysts.
Recently, its GLO token gained 25% overnight, driven by seasoned investors who are feeling the bullish momentum of other, more established cryptos. With an asset-backed community vault and an idiosyncratic Ultra-Burn Mechanism, Uniglo is on a path toward achieving significant growth for early investors.
Bitcoin could finally be on a path to recovery. After almost reaching the $25,000 mark in recent weeks, analysts say Bitcoin could mirror its bullish run in 2020. Crypto specialist bank Silvergate Capital (SI) CEO and former TradFi banker Alan Lane also recently said in an interview that he is bullish, particularly about Bitcoin lending. His institution, Silvergate, has been lending in bitcoin for a while now and has seen some of its lending performance with the crypto king.
In the past week, Solana experienced a 7% drop in the price of its SOL token. However, analysts remain bullish about the trajectory of Solana. More recently, the token had an almost 2% increase, which indicates that the bulls are still fighting for control over the price of SOL. Currently, the strongest resistance for bulls is at the $45 price mark. Once SOL reaches that mark, which could signal massive upside potential.
For the 24 hours spanning July 18, Avalanche showed a bullish run. The price of its AVAX token exceeded the $24.29 mark. Hitting this mark is a milestone – an all-time high – for the crypto, which has been consistently on a downturn in recent months. Now, its new resistance mark is just close at $24.36. This movement shows that momentum is already building for Avalanche.
The bottom line
As the more known coins start to achieve new all-time high prices, Uniglo.io is making a mark of its own. Barely done with the first phase of its presale, its GLO token has already gained a 25% price growth. As more investors move in on Uniglo, the price of its token will only offer more gains for early adopters.
For More information:
Join Presale: https://presale.uniglo.io/register