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The world of cryptocurrency is regularly transforming and evolving. One day, a new coin or token will be all the rage; the next, it will be something else. This can make it hard to keep up with the latest trends, but it’s essential to do so if you want to make money in this volatile market.
One of the latest trends is the DAO protocol Uniglo (GLO), which has just announced the beginning of its presale phase two. This protocol is designed to let users build a prominent digital vault that will grant investors partial ownership of the world’s leading digital assets.
Uniglo also implements two different burning methods to protect its native token $GLO from market volatility maximally. The protocol is based on the Ethereum blockchain and utilizes the ERC20 token standard. The protocol is currently in its ICO mode and is expected to be launched on the Uniswap exchange later this year.
The first phase of the presale protocol saw strong interest from buyers, with over 25 million GLO tokens being sold. The second phase is expected to be even bigger, with the community expanding daily.
While Uniglo reaches its highs, the market’s well-known leaders – Bitcoin (BTC), Polygon (MATIC), and Cardano (ADA) are finally showing bullish signs again. The article will discuss the positive trends across the market that might result in strong bullish runs.
Is Bitcoin (BTC) Finally Bullish?
Bitcoin, the world’s leading cryptocurrency, temporarily reached $25,000 for the first time since mid-June, as momentum from cooler-than-expected US inflation figures and worked toward Ethereum’s major upgrade persisted.
The number of significant Bitcoin holders has reached a new local peak of 15,800, indicating that some market participants anticipate the surge will continue and are amassing as many coins as possible.
The number of BTC addresses holding between 100 and 10,000 BTC has hit its highest level since June 11. The most recent performance of the first cryptocurrency, which has increased in value by 21% since July, may be responsible for such a rapid and significant increase.
As more addresses enter the accumulation cycle, more support is provided for the asset’s movement, which is the primary prerequisite for the continuance of the present rally, which is already exhibiting signs of reversal.
Polygon (MATIC) Price Pattern Seems Promising Again
Polygon, a platform for developing and deploying blockchain apps compatible with Ethereum, has also seen its price rise in recent weeks.
The price of Polygon (MATIC) is nearing the $1 threshold and may be about to break away from the crypto winter. MATIC’s price appears extremely bullish, and a short squeeze this week might propel bulls above $1 and position them for a very large rally.
Will Cardano (ADA) Vasil Fork Bring Bullish Trends?
In the meantime, the Cardano project is working on enormous innovations, one of which is the widely awaited Cardano Vasil hard form.
The Cardano Vasil update will increase the scalability of the Cardano chain and minimize the gas fee. This year will also bring the Cardano hydra upgrade, boosting investor confidence in the asset.
Based solely on development activity, ADA ranks second among all alternative cryptocurrencies, indicating that the developers have been working relentlessly to make the Vasil Fork a reality.
Time will tell if there will be a massive increase in ADA’s price following the fork, but one thing is certain: crypto winter is drawing to a close; optimistic trends are spreading across all assets, and it may be the greatest time to give popular cryptocurrencies and forthcoming ICOs another chance.
Learn More About Uniglo:
Join Presale: https://presale.uniglo.io/register
Website: https://uniglo.io
Telegram: https://t.me/GloFoundation
Discord: https://discord.gg/a38KRnjQvW
Twitter: https://twitter.com/GloFoundation1
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