Uniglo (GLO) Price Increases By 35%, Bitcoin (BTC) Turns Positive And Ethereum (ETH) Rebounds

Written by: Coinpedia

Written by right arrow


Crypto Journalist and Editor of guest articles in CoinPedia. I am also handling Outreach & Partnerships Manager. Contact me: [email protected]

    Sep 13, 2022


    Investors need to be able to act fast and, more importantly, control their emotions. The current market has given investors ample opportunities to accumulate, but many have missed this chance because they expect lower lows to form.

    The market reversal will catch the majority by surprise, and most investors will miss out on life-changing gains. Instead, they hoard stablecoin, waiting on lower lows that will never arrive. A new Ethereum-based currency Uniglo (GLO), has soared by 35%, Bitcoin (BTC) has put in tremendous gains, and Ethereum (ETH) has broken its bearish trajectory and rebounded into bullish momentum. 

    The time to act is now, and investors who dare to invest now will be called lucky in the next bull market; this could not be further from the truth. Investing in the prevailing market conditions is incredibly difficult, which is why most investors never succeed.

    Uniglo (GLO)

    Uniglo has put in an astounding performance in the last month as its presale draws increasing numbers of investors; interestingly it is also attracting more capitalised investors. On-chain data shows whales are targeting this project heavily, which is no surprise as Uniglo offers an organic store of value that grows with time.

    The protocol employs scarcity, asset ownership, and deflationary measures to provide this store of value. The Uniglo Vault houses a blend of physical and digital assets to give GLO a value-backed floor price, and through this diversification, it smooths out long-term performance. But it is the deflationary tokenomics that have drawn whales. With 2% of every transaction burnt, early investors will see the value of their tokens rally hard when the total supply decreases.

    Bitcoin (BTC)

    Bitcoin can move rapidly in either direction when it wants to. On the 9th of September, Bitcoin rallied by more than 10% in a single day, liquidating millions of dollars of shorts. Bitcoin broke out of the falling wedge formation and established a bullish trend.

    As the macroeconomic environment becomes increasingly risk-on, Bitcoin will continue to rise and surprise many investors with how fast it can rally.

    Ethereum (ETH)

    Ethereum’s dominance has continued to climb, and Ethereum has been leading the market for weeks. ETH flipped the 50-day Moving average from resistance into support and has begun building seriously bullish momentum. 

    With ETH 2.0 getting closer every day, ETH will soon become a deflationary asset as mining rewards will no longer be issued. Basic laws of supply and demand dictate that a dwindling supply leads to an increased price. ETH is a token every crypto investor should own, with the change to PoS (Proof of Stake) unlocking a brilliant source of passive income on the world’s second-largest digital asset.

    Find Out More Here

    Join Presale:  





    Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.

    Show More

    Was this writing helpful?

    dislikeimage No myImage Yes


    Crypto Journalist and Editor of guest articles in CoinPedia. I am also handling Outreach & Partnerships Manager. Contact me: [email protected]

    Related Articles

    Back to top button