Partner

We Explain Why Uniglo.io (GLO) Moves Up 45% In Price Whilst Crypto Like Litecoin (LTC) And Tron (TRX) Remain Stagnant

By Partner Oct 07, 2022

Cryptocurrency investors are constantly on the lookout for the next big thing. With so many different coins and tokens available, it can be challenging to track them all. This is especially true when some currencies rise in value while others fall.

In the past few weeks, we have seen Uniglo (GLO) move up 45% in price while Litecoin (LTC) and Tron (TRX) have remained relatively stagnant. So, what has caused this move?

The answer lies in the news that Uniglo has just completed its Paladin audit. This partnership will make Uniglo’s platform more secure and transparent for investors. Not only is this a massive boost for Uniglo, but it also signals to the market that this project is serious about its growth.

In contrast, Litecoin and Tron have been relatively quiet recently on the news. The lack of features could be one of the reasons why their prices have not seen a similar increase.

Uniglo’s (GLO) Recent Surge

The robust burning mechanism and asset-backed vault of GLO are the main drivers of the independent development of $GLO. A portion of premium assets, like digital art, digitized gold, cryptocurrencies, and even rare collectibles, will be available to investors via the GLO vault. Uniglo was established as a DAO. All GLO vault income will gather more valuable NFT-related assets to encourage capital appreciation and community involvement.

Uniglo creates a substantial and increasing ecosystem with a double-burn mechanism that burns 2% of each GLO transaction and a portion of GLO tokens that have been repurchased.

The 45% price increase merely in a short time shows that interest in Uniglo’s ICO is rising daily.

This is because of several things, such as the Paladin audit and daily community updates.

Why Do Litecoin (LTC) And Tron (TRX) Remain Stagnant?

Litecoin (LTC) is a digital currency that facilitates fast, secure, and low-cost transactions through blockchain technology. It was developed based on the Bitcoin (BTC) system, although it varies in terms of the hashing algorithm, block transaction timings, and hard cap, among other aspects. With a block time of under 2.5 minutes and exceptionally low transaction fees, Litecoin is well-suited for microtransactions and point-of-sale transactions.

Litecoin (LTC) has been one of the top cryptocurrencies for years, but it has struggled to maintain momentum in recent months. This can be attributed to several factors, including the rise of other coins like Uniglo. On the other hand, Tron (TRX) has been performing relatively well since it launched late last year.

TRON (TRX) was launched in 2017 as a decentralized blockchain-based operating system. Initially, TRX coins were ERC-20 tokens launched on Ethereum. However, they migrated to their own network a year later. Initially, the initiative was designed to provide digital content creators with exclusive ownership rights.

However, it, too, has taken a hit as investors turn their attention to newer projects.

Uniglo has outperformed Litecoin and Tron due to its strong fundamentals. The team behind Uniglo has built a solid foundation for the GLO coin, which has instilled confidence in investors. Uniglo has a unique supply schedule designed to minimize inflation. This is a significant selling point for investors looking for a stable alternative to volatile coins.

Ultimately, it is still too early to say which coin will come out on top. However, Uniglo has the potential to disrupt the status quo. Litecoin and Tron must step up their game to stay relevant in the ever-changing cryptocurrency landscape.