Crypto investments should not be taken lightly and include due diligence, such as historical prices and critical factors for price action. Therefore, let’s look at Fantom (FTM) and its recent performance.
Fantom has not shown much volatility recently, trading in a channel between $0.218 and $0.23, which did not offer much room for swing traders. However, FTM currently slipped to a major support zone and is hovering just above $0.20.
Only in the last week, Fantom lost over 10% of its value due to Bitcoin dropping below $19,000 briefly twice. This price drop coincides with heavy exchange inflows over the last weeks, which indicates mounting sell pressure for the Layer-1 blockchain.
The past months have been disappointing for the chain, which saw an all-time high of over $3.00 back in November 2021. However, despite the current downtrend, analysts expect Fantom to pull its weight again in 2023 with a forecasted price between $1.37 and $1.62. A new all-time high is likely to be reached by EOY 2023 or 2024 latest.
NFT-Backed Uniglo.io raised over $1.5 million – Is GLO a possible contender for the best crypto token in 2022?
A successful presale automatically indicates the median performance a new project might deliver. Uniglo.io is so far doing very well, having raised an astonishing $1.5 million in a short period.
GLO, the token at the center of the DAO of Uniglo, impresses with its strategic multi-asset backed vault, strengthening the protocol’s value. Interestingly, the GLO token is backed by a multitude of asset classes, such as cryptocurrencies, digitized commodities (for instance, Gold), but also ultra-rare NFTs (short for Non-Fungible Tokens).
As Uniglo.io is approaching the last phase of its presale and a price increase is in sight, sales are only accelerating exponentially. Therefore, the protocol will likely perform very well during its planned launch on the 19th of November.
Which is the better investment – Fantom versus Uniglo.io?
Fantom is an excellent Layer-1 blockchain with a great outlook over the next years. However, it is noteworthy that the chain’s performance is missing proactive price action and usually mimics the moves of Bitcoin with a delay.
On the other hand, the Ethereum-based project Uniglo.io offers a fresh opportunity with a unique concept of a multi-asset backed token, which is not only sustainable but also available at the best price possible during its presale (Invest in the Uniglo.io Presale).
Final thoughts
Fantom is a great long-term investment for the next couple of years that may not perform very well during the next months. However, Uniglo.io offers you potentially immediate profits already in 2022, with a strong outlook for the following year.
>>> Buy Uniglo.io Presale <<<
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Source: https://www.thecoinrepublic.com/2022/10/14/fantom-crypto-price-prediction-nft-backed-uniglo-io-stronger-alternative/