As Uniglo prices continue to surge, the altcoin is outpacing even Cardano, which is seeing a boost from its upcoming Vasil hard fork. Uniglo’s price increase is also outpacing that of Ethereum, which is gaining traction as speculations of a merger with another prominent blockchain project circulate.
Cardano (ADA) Vasil Hard Fork
The Cardano blockchain’s Vasil hard fork upgrade will now take place on its main network (mainnet) on September 22, according to Input Output (IOG), the blockchain’s development lab, in a Twitter thread on Friday.
Cardano Vasil is a major upgrade that was originally slated for a June deployment on a test network to boost Cardano’s scaling capabilities and lower transaction costs. A hard fork is a change to the software used to validate and generate new blocks that are incompatible with previous versions.
Ethereum (ETH) Merger Narratives
The most commonly used blockchain, Ethereum, is slated to undergo a major protocol upgrade next month, switching from proof-of-work to proof-of-stake.
The upgrade may cause major changes to the Ethereum network, potentially altering the popular blockchain’s investment outlook.
As a result, advisors must be prepared to inform their customers about the transition. This entails initially educating them on what Ethereum is, as well as some of the core network infrastructure, and then on how the changeover may affect their present crypto holdings.
Uniglo (GLO) Price Uptrend
GLO is a great investment for crypto investors. It has a lot of great technology and answers to key issues in the financial world. With the GLO vault, investors get to own a slice of assets they might not be able to afford otherwise.
Token holders also get to enjoy a strong asset-backed store of value that is completely diversified and not over-reliant on any one product. This gives GLO the credentials to grow steadily. GLO also increases these credentials by using a compelling dual-burn mechanism to increase scarcity over time. That’s why the demand for GLO is growing even though it’s only in pre-sale.
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Although Uniglo has been one of the top-performing cryptocurrencies in recent weeks, its price uptrend has outpaced even that of Cardano, which is fresh off a successful hard fork, and Ethereum, which is in the midst of a highly-anticipated merger.
This is a testament to the strength of the Uniglo project and the growing interest in its native token. With the Uniglo mainnet launch just around the corner, it is likely that the GLO price will continue to rise in the coming days and weeks.
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Twitter: https://twitter.com/GloFoundation1
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Source: https://www.thecoinrepublic.com/2022/09/10/uniglo-glo-price-uptrend-outpaces-even-cardano-ada-vasil-hard-fork-and-ethereum-eth-merger-narratives/