Prices of cryptocurrencies change by the minute. For a regular person, it can be difficult to predict where a cryptocurrency project is headed or whether the strong bets of today will remain as is tomorrow. In this article, we’ve rounded up some key updates that are worth knowing no matter what kind of investor you may be.
Let’s start with Solana, the decentralized computing platform that combines a Proof of Stake consensus and a Proof of History methodology. Launched in March 2020, the Solana platform was designed to offer blockchain scalability to users, offering its SOL token as a means to fund various transactions on its network. Solana consists of thousands of DeFi, NFT and other Web 3.0 projects and is considered one of the most renowned cryptocurrencies in the market.
Recently, however, the price of SOL has been struggling. A month ago, some analysts considered the platform to be on the brink of collapse and a complete wipeout. Today, SOL continues to fight the bears to break out into a significant rally.
Second, we believe it’s important to be up to speed with what’s going on over at Cardano, a well-known open-source and decentralized blockchain platform for peer-to-peer transactions. Cardano functions much like Ethereum but offers relatively low transactional costs. Notably, it was also founded by Charles Hoskinson, one of the co-founders of Ethereum.
Cardano is nearing a much anticipated Vasil fork upgrade, which has market watchers divided. Some observers say the upgrade will result in a price surge while others say it will extend the unpredictability of ADA’s price during the bear market. If we base our opinion on the price movement of ADA, however, we can say the upgrade could be adding to the slow recovery of the token.
Lastly, we believe you should get to know Uniglo (GLO), the new decentralized project over at Ethereum. Uniglo is currently on its initial coin offering (ICO) and has so far been showing signs of an ideal presale project that is expected to soar.
Uniglo is a community-based social currency pegged to a basket of high-value digital assets, ensuring long-term wealth accumulation, stability and other benefits for loyal token holders.
Uniglo’s GLO token has so far increased by 35%, a massive surge for a token that has yet to be launched and traded publicly. This surge is, of course, driving the demand and increasing the buy volume of GLO as the project nears its launch in the middle of October.
Investors who do not want to miss out on a chance at owning a presale cryptocurrency that could grow exponentially in the years to come should research more about the Uniglo project.
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