Uniswap: Mixed signals emerge as UNI holds steady at $7 – What now?
Uniswap exchange inflows reached 893,000, nearly double the inflows recorded the previous day.
Keep up with what's happening in the crypto world in real-time.
Uniswap exchange inflows reached 893,000, nearly double the inflows recorded the previous day.
UNI is making a strong comeback as bullish momentum pushes the token toward the critical $8.7 resistance level. After bouncing back from a recent low of $6.7, market enthusiasm is building, and traders are watching closely for a potential breakout.
Uniswap [UNI], one of the most prominent decentralized exchanges (DEXs) in the crypto space, recently experienced a sharp decline in its large transaction volume, plunging by 64%. This decline in high-volume trades has raised concerns among investors, as large transactions typically indicate the movement of capital by institutional players or whales.
Fenbushi Capital, a blockchain-centric venture capital (VC), appears to be cashing out after moving four tokens, including Aave (AAVE) and Compound (COMP), to Binance. The VC is moving these tokens to the exchange, possibly to sell and lock in their profits or cut losses when market participants expect prices to tick higher.
Fenbushi Capital took losses on some of its holdings, divesting former DeFi stars like COMP, AAVE and UNI. Fenbushi also sold its EIGEN allocation.
Uniswap remains the leading decentralized exchange by volume over the past seven days, posting a total volume of $8.1 billion.
Uniswap faces a transaction drop, but bullish signs emerge
Uniswap Labs is starting to accrue new reserves from its fee schedule based on selected liquidity pairs. In six months, the fees accrued more than $51M in new reserves for protocol development.
You can click on this news section to read its content. It seems somehow there is no meta tag description available for this news article.
Though September started rough for stock and cryptocurrency investors, the latter parts of the month provided a strong prelude to October, or, as many within the community call the month, ‘Uptober.'
Story Highlights The live price of the UniSwap crypto token is . The UNI price could reach a maximum of $10.47 in 2024. Unicoin price, with a potential surge, may reach a high of $44.49 by 2030. DeFi's have come into existence with the idea of no intermediaries.
Uniswap's UNI has grown in favor of investors as the token continues its upward trajectory in the face of crucial on-chain developments. According to CoinGecko, the token surged 30% since last month, keeping the token on the green zone.
How will Q4 turn out for UNI, especially after Grayscale's latest bet?
Uptober is just around the corner. Crypto traders are eagerly anticipating the market's usual rally at this time of year.
Uniswap is growing its presence on L2, but raising doubts about the quality of liquidity and token pools. Arbitrum remains the more liquid chain, while Base carries multiple listings of low-liquidity pairs.
Baguio City, Philippines, 24th September 2024, Chainwire
The leading commission-free stocks and crypto trading platform, Robinhood has revealed the addition of three new crypto for the New York users, fueling market interest. In a recent announcement, the crypto trading platform said that it will be adding Uniswap (UNI), Stellar (XLM), and Tezos (XTZ), reflecting its growing focus on the digital assets space.
Commission-free investing app Robinhood has announced that Tezos (XTZ), Stellar (XLM), and Uniswap (UNI) can now be traded by New York residents.
Uniswap (CRYPTO: UNI) CEO Hayden Adams has expressed optimism over U.S. Vice President Kamala Harris‘ comments supporting digital assets, highlighting the growing recognition of decentralized finance (DeFi) by political leaders. What Happened: However, Adams' positive reception of Harris' remarks was met with skepticism and criticism from industry insiders, who raised concerns over regulatory threats and Uniswap's governance structure.
Kaspa's price has shown resilience, with analysts identifying key levels that could determine its next move. Meanwhile, Uniswap news includes CEO Hayden Adams addressing bribery allegations, reinforcing the platform's commitment to transparency.
With the US Federal Reserve cutting interest rates by 50 basis points on September 18, the crypto market is preparing for an upward thrust. However, a few top altcoins have already surged quite a bit in anticipation of the rate cuts.
The cryptocurrency markets continued their recent uptick, with major cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Ripple (XRP), Dogecoin (DOGE), and Toncoin (TON), in the green.
All but two assets were trading lower as the index dropped 1.6%
As Bitcoin bulls reemerged to push the flagship digital asset above $61k for the first time in nearly three weeks, a few altcoins basking in upbeat sentiment rocked significant gains. In the top 100 coins by market cap, Immutable (IMX), Celestia (TIA), and Bittensor (TAO) jumped more than 14% each to lead.