Change is the one thing that’s certain, and this concept holds true in the cryptocurrency market. The ranking of cryptocurrency projects in the top 100 list changes every day by the hour based on trading volume, prices, market capitalization, and market speculation, among others. Perhaps the only two cryptocurrencies that are the most difficult to dislodge from their current position are Bitcoin (BTC) and Ethereum (ETH). For the rest, however, the sea of potential investors is fair game.
Other than Bitcoin (BTC), however, there are two top-performing crypto projects that we believe you need to know better: Uniglo (GLO) and Polygon (MATIC). These projects are leaders in their own right. And the more you explore how they work and create gains for investors, the more easily you can understand the entire cryptocurrency market.
As we said earlier, Bitcoin is in a position that many competing peer-to-peer payment projects want to claim. In fact, Bitcoin sits on the throne of all cryptocurrencies, having the largest market capitalization in the market. The world is already familiar with the name Bitcoin since it is the most widely distributed and discussed crypto project. For many people in the general public, cryptocurrency and even blockchain technology are equated with “Bitcoin.”
Historically, Bitcoin entered the market in 2009, making it one of the oldest coins. Obviously, it was able to stake a deep claim in the market and has kept its strong position for the last 13 years. Over those years, BTC experienced an exponential rise as well as turbulence along the way. But one thing is for sure, Bitcoin has always recovered and displayed its resilience. Today, the price of BTC is around $21,000, which old-timer investors would consider a poor performance. However, it is still the most expensive coin in the market that continues to experience unwavering demand.
Polygon is another key project in the cryptocurrency sphere. Unlike Bitcoin, which is mainly used for payments, Polygon provides a platform on which various other projects can build. Polygon is a decentralised Ethereum platform where developers can create, build and scale their distributed applications. It essentially maintains a multi-chain system, connecting Ethereum and multiple sovereign chains and providing an infrastructure for Web 3.0 development. Today, Polygon houses over 19,000 decentralized apps. It has over 135 million unique addresses and saves approximately $140 million in average daily gas usage.
Lastly, a key update on what’s happening in the decentralized finance (DeFi) space is the presale of GLO, the native token of the new Ethereum-based project called Uniglo. This new DeFi project introduces two key features that are designed specifically to enable its community and leading team to influence the demand and supply aspects of the native token. The first feature is an Asset Vault where the community will hold different kinds of cryptocurrencies and digitized tangible assets. As these assets increase in value, the community can sell them to generate profits that benefit GLO investors. Further, these profits can be used to fuel the second unique feature of the project – the Ultra-Burn Mechanism – which will help reduce the total supply of GLO in the secondary market.
What you may not know about Uniglo is that it is selling GLO on presale. This project is very new but already gathering attention from whales, analysts and a diverse mix of investors.
Unlike Bitcoin and Polygon, Uniglo is a new player that offers gains, rewards, wealth accumulation and fractionalized asset ownership. Before the project launches on November 18, you can be one of its early adopters by buying GLO today.
Find Out More Here:
Join Presale: https://presale.uniglo.io/register