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Uniglo (GLO) Sees Positive Price Development While Fantom (FTM) And Ravencoin (RVN) Continue To Falter

2y ago





The global crypto market is in a current state of disruption. Major players are withdrawing from the market, leaving gaps that need to be filled. This allows other companies to enter the market and increase their market share.

One company that is well-positioned to take advantage of this market opportunity is GLO. GLO is a strong buy, while FTM and RVN are opposite.

GLO is noticed to do better than FTM and RVN in terms of price performance. Over the past month, GLO has gained 30%, while FTM has lost more than 35%, and RVN – 5%.

One reason for GLO's success could be its focus on security. Like many other DeFi projects, GLO uses the Paladin audit to asses its security. This is in contrast to FTM and RVN, which have been hacked previously and poorly managed in terms of safety and transparency.

Another reason for GLO's success could be its robust team. The team has successfully passed KYC verification and shows a proven track record in the cryptocurrency space.

Uniglo (GLO) Fundamentals

A new type of social currency called Uniglo will be value-backed and community-owned. The buy and sell taxes in GLO's tokenomics are employed to assist the protocol's two primary mechanics of asset acquisition and token burn.

The Uniglo Vault combines physical and digital assets to offer an inherent floor price. The vault will be actively maintained, with high-performing assets sold and profits reinvested. The Uniglo Vault is a community-run diversified portfolio with dependable wealth stores like gold and bitcoin, stablecoins to protect volatility, and valuable objects like NFT art. Additionally, Uniglo adds a ground-breaking Ultra Burn Mechanic that causes this token to hyperinflate by automatically sending a part of each transaction to a burning wallet.

During the second week of the presale, the price of Uniglo climbed by 25%, and the total price rise has now reached 30%. This is an extraordinary result for a business that has only been in the ICO phase for a few weeks. 

Uniglo's pricing increase was mainly the result of security upgrades. The team earned a Know Your Customer (KYC) credential from Coinsult within its first few days of existence, and the recent Paladin audit of Uniglo's smart and vesting contracts further enhanced investor confidence. 

Uniglo's professional approach to regularly improving its services and having auditors watch and approve it is a commendable move in an age when the crypto market is filled with ICO frauds.

Fantom (FTM) And Ravecoin (RVN) Weaknesses 

Fantom (FTM) and Ravecoin (RVN) are both facing severe challenges lately.  Both companies' challenges are significant, and it's unclear if they will be able to turn things around. 

FTM's supply chain problems have led to several quarters of disappointing results, and the company has been unable to find a permanent solution. The recent hack on the Fantom ecosystem also marked the prices negatively. RVN, on the other hand, has been trying to grow its business in China and other overseas markets but has yet to show significant progress. As a consequence, investors seem to lose confidence in both companies, and it's reflected in their share prices. 

Wrapping Up

FTM and RVN both face an uphill battle to regain investor trust, and it's uncertain if they will be able to do so. Thus, in this realm, Uniglo (GLO) appears as a coin to keep an eye on since it is seeing strong positive price development.

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Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

2y ago




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