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news-imageFebruary 24, 2024

Here's why Uniswap, dYdX, Synthetix, CAKE, RUNE are surging

Decentralised Exchange (DEX) tokens were among the best performers on Saturday. Uniswap (UNI) token soared by more than 70% while dYdX, Synthetix (SNX), PancakeSwap (CAKE), and THORChain (RUNE) soared by more than 30%. DeFi tokens like AAVE and Lido DAO were among the best performers.
Publisher: Invezz
Sentiment: Positive
CAKE
DYDX

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Positive
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Crypto Price Analysis 3-12: BITCOIN: BTC, ETHEREUM: ETH, SOLANA: SOL, APTOS: APT, UNISWAP: UNI, FILECOIN: FIL, AXIE INFINITY: AXS

The crypto market recovered over the past 24 hours as prices rose after experiencing significant declines over the past few sessions. Bitcoin (BTC) dipped to a low of $76,982 on Tuesday before rebounding to reclaim $80,000 and reach $83,737 before losing momentum and declining to its current level.

Negative
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THORChain at crossroads: Decentralization clashes with illicit activity

THORChain has been called a money laundering protocol — a label no decentralized finance (DeFi) project wants unless it's prepared to have regulators breathing down its neck.Its supporters have fended off the criticism by championing decentralization, while its critics point to recent activities that showed some of the protocol's centralized tendencies. After exploiting Bybit for $1.4 billion, the North Korean state-backed hackers behind the attack, known as the Lazarus Group, flocked to THORChain, making it their top choice to convert stolen funds from Ether (ETH) to Bitcoin (BTC).

Positive
cover-imageAMBCrypto
March 7, 2025

Uniswap: Why $7.

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Neutral
cover-imageThe Currency Analytics
March 7, 2025

Whale Moves Signal Possible Price Shift for Uniswap

Uniswap (UNI) is facing a crucial moment as significant whale movements, network indicators, and price action are raising questions about its next move. Recently, Galaxy Digital, a major institutional player, deposited a hefty 600,000 UNI tokens, worth approximately $4.37 million, to exchanges Binance and OKX.

Negative
cover-imageThe Currency Analytics
March 5, 2025

UNI Faces Rising Selling Pressure Amid Price Reversal Hopes

Uniswap's native token, UNI, has recently witnessed an increase in exchange reserves, signaling that more market participants are moving their tokens onto exchanges, potentially to sell. This trend often leads to downward price pressure, as the influx of supply may outpace demand.

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