Uniswap (UNI) has broken its downtrend, trading at $4.39, above both its 50-day and 200-day moving averages for the first time in months. This price is 59.8% below its 12-month high but 83.4% above its low, with strong trading volume supporting the recent 34.2% weekly gain. While the trend looks positive, the current price is stretched, with an RSI of 65.5 and a risk of a pullback to the 200-day average at $3.98. Long-term prospects depend on the protocol's continued use and governance decisions regarding fee distribution to token holders.
Ngrave released firmware version 1.8 for its ZERO hardware wallet, introducing a new open-source Universal QR Protocol that replaces its legacy QR system, enhancing transparency and security. The update also expands token support on the Polygon netwo...
Cryptocurrency prices are fluctuating with Bitcoin slightly increasing by 0.27% to $78,865, while Ethereum and several altcoins like BNB, XRP, and DOGE show minor declines. Some smaller tokens such as RAIN and HYPE have surged significantly, with RAI...
Uniswap and PancakeSwap now control 96.1% of the $678.2 million monthly trading volume in tokenized commodities on decentralized exchanges, with gold-backed tokens like Paxos Gold and Tether Gold making up about 80% of this volume. These tokens repre...
Uniswap's price jumped over 10%, driven by institutional and whale buying, including a major wallet accumulating 4.8 million UNI tokens. The token's burn rate hit record highs, reducing circulating supply and supporting price gains. Despite breaking ...
On August 21, Uniswap burned approximately 150,000 UNI tokens valued at $590,000, marking a new daily record. This burn is part of Uniswap's fee switch mechanism, which uses trading fees to buy and burn UNI tokens, reducing supply and creating deflat...
