Change is the only sure thing, and this concept is 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 other things. Perhaps the single most difficult cryptocurrency to dislodge from its current position are Bitcoin (BTC) and Ethereum (ETH). For the rest, the sea of potential investors is fair game.
Other than Bitcoin (BTC), there are two top performing crypto projects that we think you need to know better: Uniglo (GLO) and Polygon (MATIC). These projects are leaders in their own right. The more you explore how it works and generates gains for investors, the easier it will be to understand the entire cryptocurrency market.
As we said earlier, Bitcoin is in a position to be claimed by many peer-to-peer payment projects. In fact, Bitcoin sits on the throne of all cryptocurrencies, and it has the largest market capitalization. The world already knows the name Bitcoin because it is the most popular and discussed crypto project. For many of the general public, cryptocurrency and even blockchain technology is associated with “Bitcoin”.
Historically, Bitcoin entered the market in 2009, making it one of the oldest coins. It has obviously been able to gain a deep market claim and has maintained its strong position over the past 13 years. During those years, BTC experienced a massive rally as well as turmoil along the way. But one thing is for sure, Bitcoin has always recovered and shown its resilience. Today, BTC is around $21,000, which long-time investors consider to be a poor performer. However, it is still the most expensive coin in the market that still faces a steady demand.
Polygon is another major project in the cryptocurrency space. Unlike Bitcoin, which is mainly used for payments, Polygon provides a platform on which various other projects can be built. Polygon is a decentralized Ethereum platform where developers can create, build, and scale their distributed applications. It essentially maintains a multi-chain system, linking Ethereum to multiple sovereign chains and providing an infrastructure for Web 3.0 development. Today, Polygon has over 19,000 decentralized applications. It has more than 135 million unique addresses and saves nearly $140 million in average daily gas usage.
Finally, a major update of what is happening in the field of decentralized finance (DeFi) is the pre-show of GLO, the original token of a new Ethereum-based project called Uniglo. The new DeFi project offers two key features that are specifically designed to enable its community and lead team to influence the supply and demand aspects of the native token. The first feature is the Asset Vault where the community will hold different types of cryptocurrencies and digital tangible assets. As the value of these assets increases, the community can sell them for profits that will benefit GLO investors. Furthermore, these profits can be used to fuel the project’s second unique feature – the super-combustion mechanism – which will help reduce the overall supply of GLO in the secondary market.
What you may not know about Uniglo is that they sell GLO in pre-sale. This project is very new but is already getting the attention of whales, analysts and a diverse mix of investors.
Unlike Bitcoin and Polygon, Uniglo is a new player offering rewards, rewards, wealth accumulation and fragmented asset ownership. Before the project launches on November 18, you can be one of its first users by purchasing GLO today.
Find out more here:
Join Presale: https://presale.uniglo.io/register