Uniswap turns bullish: How long will UNI's uptrend last?
UNI's recent bullish trend meets skepticism due to past bull traps and whale activity.
Keep up with what's happening in the crypto world in real-time.
UNI's recent bullish trend meets skepticism due to past bull traps and whale activity.
Uniswap has recently experienced a surge in user traffic, especially from the Base platform, due to the introduction of smart wallets and lower fees, making it more attractive to retail investors.
In the midst of a turbulent crypto market struggling to recover from recent crashes affecting major players like Bitcoin and Ethereum, the question of whether altcoins like Uniswap ( UNI) are worth considering becomes increasingly pertinent. Altcoin season, the period when alternative cryptocurrencies experience exponential growth, is eagerly awaited by investors seeking to offset losses
Uniswap has now shown a shift in traffic, with significant growth coming from Base users. Adding smart wallets and lower fees means Uniswap is now more accessible to retail traders.
Uniswap network's monthly activity surged, despite a drop in overall TVL and price.
Crypto and some key sub-sectors, like decentralized finance (DeFi) or non-fungible token (NFT) trading or minting, remain dynamic. While activity is highly influenced by price, other changes are settled not by how prices gyrate but by time.
Ethereum is the home of decentralized finance (DeFi), looking at the over $100 billion in total value locked (TVL). Even though the figure fluctuates, mainly depending on the performance of ETH, it is clear that DeFi has proven revolutionary, opening up new use cases spanning multiple sectors, including finance and insurance.
Uniswap has generated more than twice in fees compared to any other decentralized exchanges (DEXs) in the past 30 days, latest data from Token Terminal shows.
Uniswap is trading negatively alongside wider crypt assets following a bearish market outlook. The falling prices of digital assets have seen traders and analysts change positions on certain assets as double-digit losses trickle into charts.
These hot cryptos have remained resilient amidst the broader market downturn, positioning them for big potential gains.
Five cryptos in the CoinDesk 20 posted losses greater than 5% over the past week, led by ICP' 19% decline.
Uniswap (UNI) has recently stood out for its remarkable resilience amid broader market fluctuations. Despite challenges that have affected major cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), UNI has managed to not only weather the storm but also showcase significant growth and investor confidence.
In the last 7 days, Uniswap has been in a bullish trend. The trend seems set to continue with key indicators suggesting further gains.
Solana's main decentralized exchange, Raydium, has grown in volume in the past months. Recently, Raydium's activity surpassed Uniswap based on the growing demand for Solana-based assets.
Sensational surge in trading volumes of the DEX on Ethereum layer-2 after the Dencun upgrade.
If you're looking for cryptos to buy for June, these projects might be just what you and your portfolio sorely need.
Uniswap Price Analysis: The second week of June witnessed aggressive supply pressure with most of the major cryptocurrencies, along with Bitcoin, triggering a fresh correction. However, the weekend remained relatively stable with the BTC price holding its ground above $65000, while ETH reclaimed $3500.
Here is how some of your favorite assets concluded the week.
Uniswap (UNI) stands as a pivotal player in decentralized finance (DeFi), offering investors and traders a decentralized exchange protocol built on Ethereum. As we look ahead to Uniswap's future, predictions and technical analysis paint a compelling picture of what lies ahead for this digital asset.
Bitcoin price needs to rise above $68,000 to sustain buying in ETH, TON, UNI, and XMR.
Uniswap has a new chief legal officer, and the legal head at Digital Currency Group has moved on to expand blockchain capabilities at a law firm.
Ethereum and Uniswap prices have seen slight recovery signs, and this maybe because a wallet associated with Amber Group has accumulated approximately $20 million.
Amid the negative market sentiment, some crypto assets outperformed with double-digit weekly inflows. Last week saw huge losses in crypto assets after Bitcoin traded below $70,000 alongside altcoins falling below previous resistance levels.
Uniswap has seen a notable price increase of over 9.8% in the past 24 hours, breaking above $11 as it defied broader market conditions.