Is It Time to Pay Attention to Uniglo (GLO), Avalanche (AVAX), Cardano (ADA) And Fantom (FTM)?
2022.08.20 10:42
Is It Time to Pay Attention to Uniglo (GLO), Avalanche (AVAX), Cardano (ADA) And Fantom (FTM)?
With the crypto market on the rebound, many investors wonder if now is the time to buy some of the more popular coins. Let’s take a look at Uniglo (GLO), Avalanche (AVAX), Cardano (ADA), and Fantom (FTM) to see if they are worthy investments.
Uniglo (GLO)
Generally speaking, buying crypto during its ICO phase is the best time since it is still a low cap gem with a low price. However, trusting an ICO is not always easy during these well-spread scams across the crypto industry.
Uniglo (GLO) is a new project being developed on the Ethereum network, which somehow manages to eliminate trust issues. It has just been a month since Uniglo entered the field, and its ever-growing community, constant updates, and strong media attention could only tell good about the protocol.
Recently acquired KYC verification by Coinsult.net and successful first presale that ended with 30% price growth seems appealing to many investors.
Speaking of Uniglo’s ideas and solutions themselves, the protocol has ambitious goals. They wish to develop a deflationary token model, which will result in limited supply and surged prices with the assistance of asset-backed vault and dual burning methods.
As simple as it sounds, as challenging their goal is. So, let’s wait and see how GLO will reshape the DeFi industry.
Avalanche (AVAX)
The recent high transaction volumes on the Avalanche network indicate a lot about this coin and its imminent price growth. In August of this year, Avalanche’s daily transactions metric reached an all-time high, surpassing Ethereum’s.
Avalanche’s expansion is a result of the Avalanche network advances announced by Ava Labs. Avalanche Go Verbier is one of the most significant modifications contributing to the Avalanche coin’s commercial success. Thus, predictions about AVAX are pretty bullish.
Cardano (ADA)
Cardano, one of the largest blockchains to successfully implement a proof-of-stake consensus method, is also inching toward a bull run.
According to data published by Santiment’s on-chain tracker, Cardano investors are taking the most profits since March, when the cryptocurrency’s price was hovering around the $1 mark.
In the 35 days prior to press time, Cardano’s price has steadily increased, resulting in a 35% price gain.
Fantom (FTM)
Fantom (FTM) is a scalable, decentralized platform that facilitates economical, safe, and quick access to real-time data. The platform is powered by a novel consensus algorithm dubbed “Lachesis,” which is supposed to be more efficient than proof-of-work (PoW) and proof-of-stake (PoS) algorithms already in use.
The Fantom (FTM) recovery rally recently broke through another barrier level of $0.36. Due to current market uncertainties, cryptocurrency battled for about four days to sustain above the broken resistance.
Bottom Line
The crypto industry is showing signs of a bull run. However, stressed investors seem to keep selling right after the small price boosts in their assets as they still don’t have the confidence.
This selling pressure makes cryptos struggle to maintain a solid point, but it’s only a matter of time to bring the enthusiasm back. Thus, if you wish to act smart and wait for profit in the long term, current bearish trends could be the ideal time to make your investments at lower costs. Uniglo (GLO), Avalanche (AVAX), Cardano (ADA), and Fantom (FTM) are all shaping into leading altcoins with their strong fundamentals and critical solutions.
To find out more about Uniglo visit official website, Twitter (NYSE:TWTR), Discord or Telegram. To find out more about the presale, click here.
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