Cryptocurrencies have not been in the best position lately. As the greater market faces inflation, rising prices, and the threat of a recession, the cryptocurrency space has also been on a general downturn.
Luckily, however, some cryptocurrencies appear to be jumpstarting the right amount of momentum that can pull the entire industry upward. For the month of August, the bullish signals for Uniglo (GLO), Spookyswap (BOO), and Curve DAO (CURVE) are strong, indicating that now is an excellent time to buy these three cryptos.
Uniglo (GLO)
Uniglo is one of the latest social currencies entering the market. Bullish buy signals are strong for this new decentralized finance (DeFi) project. Within the first week of its preselling period, Uniglo already gained over 25%. Investors, even whales, are following the bullish signals and flocking to the Uniglo presale.
The Uniglo project presents something unique to the DeFi space. Its social currency will be backed by a range of assets including volatile digital currencies and stable real-world-pegged digitized assets. With a great variety of assets at the helm, the GLO token could grow in a sustainable manner. The Uniglo project will also implement its Ultra-Burn Mechanism, which will support the reduction of GLO tokens in the market, driving value for token holders.
Spookyswap (BOO)
This August, Spookyswap could also be seeing a surge in trading volume. Spookyswap is a decentralized exchange (DEX) and an automated market-making (AMM) built on the Fantom network. Similar to Uniglo, Spookyswap is considered a low-capitalization player. It moves up and down from the 589th position in the world list of cryptocurrencies by market capitalization. The maximum supply of BOO is also limited only to 13.7 million. As the market begins to recover, BOO holders could definitely take advantage of the “hold to earn” opportunity offered by Spookyswap.
Curve DAO (CURVE)
Curve DAO is also showing bullish signs this week. Curve DAO is an Ethereum-based exchange liquidity pool that can support trading and exchange between stablecoins and other ERC-20 tokens. The Curve platform is one of the largest DeFi networks in the world. Unfortunately, the protocol was the subject of a recent hacker attack that resulted in the loss of approximately $570,000. However, the CURVE token has been seeing consistent growth, and its bullish momentum is projected to continue.
The bottom line
The last seven months were not exactly a great period to be an investor in crypto. But as we move past the halfway point of 2022, investors may do well to follow the bullish buy signals for the three cryptos we discussed above.
Learn More Here:
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
