Uniglo is one of the most bought ICOs this week, with its ROI already higher than that of Cardano and Ethereum. The reason for this is that investors are seeing the potential for huge returns on their investments.
With a 35 percent increase in price since the initial presale, it is clear that people are confident in the future of the Uniglo project. The team behind it is experienced and has a strong track record in the industry. This, combined with the low price of the ICO, makes it a very attractive investment.
Cardano (ADA) And Ethereum (ETH)
The new crypto onslaught has resulted in red flashes across major market assets today. At press time, ADA was trading at $0.43, down 9.75% in the previous 24 hours, according to CoinMarketCap.
This tremendous free will increase ADA’s weekly losses to 14% at the time of publication. Price declines were also visible in various on-chain measures, which continue to reveal gaps in ADA trading.
Since September 13th, 2022, Ethereum has experienced a substantial price drop. The largest altcoin fell from $1,748 on September 13th to under $1,300 on September 18th, a 25% price drop in less than a week. Ethereum is currently trading at $1,350, 72% below its November highs.
Why are investors choosing Uniglo (GLO)?
A DeFi platform called Uniglo runs a multi-asset-backed treasury. Uniglo will invest in, create, and trade digital currency, one-of-a-kind non-fungible tokens, and physical currency improved by technology. The community will decide whether to sell these assets once they increase in value, and the proceeds will be used to buy GLO tokens on the secondary market.
To boost the scarcity of its native coin, the community will burn the tokens purchased back from the market via an unusual technique known as the Ultra-Burn Mechanism.
Uniglo has grabbed the curiosity of investors, and its popularity is growing because it has a framework to back up the value of its GLO coin. While Uniglo’s token is currently in the presale stage, anyone interested in knowing more about it can begin their research immediately.
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