Uniswap – the decentralized crypto exchange of choice amongst traders and investors – sent shockwaves throughout the market with the launch of their native governance token called UNI. The launch of UNI was unlike any other seen before because everyone who had used the platform to trade – or contributed to its liquidity – prior…
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Chainlink has seen some mixed price action in recent weeks, with the cryptocurrency’s price plunging as low as $10.00 and facing another rejection around $12.00. This price action has primarily favored sellers, as the inability for it to make a sustained push off of its support around $10.00 seems to point to some underlying weakness…
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On Wednesday, Uniswap shocked the world when it suddenly released its own token: UNI. The Ethereum-based decentralized exchange launched the coin with the premise of giving back to their loyal community, who have extensively lauded the product. This meant that every user of the protocol prior to September 1st was entitled to 400 UNI or…
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Last night, Uniswap debuted its Ethereum-based UNI token to the world and began distributing 400 of the suddenly hot tokens to early users of the platform. Substantial interest surrounding the new token has led Ethereum to pump more than 6% in the last 24 hours. But it may not be for the reason you expect.…
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Bitcoin’s price action has given investors mixed signals as of late, with the benchmark cryptocurrency oscillating between $10,000 and $11,000. The resistance found at the upper boundary of this trading range has proven to be quite significant, as it has catalyzed numerous rejections throughout the past few weeks. Analysts are now widely offering mixed outlooks…
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The Ethereum blockchain has become congested after multiple days of low activity. According to GasNow, an ETH transaction fee tracker, the average gas price users of the network are paying has spiked over 500 Gwei. This means that it costs in excess of $50 to trade on Uniswap and it will cost much more if…
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The open interest of Bitcoin is growing again, indicating at a potentially large price movement in the near term. In the last 24 hours, the Bitcoin price dropped by around 2.2% from $11,093 to $10,860. Many traders talked about the importance of the $11,100 resistance level and BTC cleanly rejected it. The spike in Bitcoin…
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OKEx, one of the popular crypto exchange platforms recently introduced staking capability to its blockchain project accelerator platform OKEx Jumpstart. The platform kicked off about a week ago by listing ZYRO as the first mining project, which is now followed by Realio Network’s RIO token. The OKEx Jumpstart Mining of RIO officially went live on…
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Overnight, crypto Twitter exploded in chatter about what is essentially free money. Liquidity swap platform Uniswap that’s recently enjoyed enormous growth rewarded early users with a distribution share of UNI tokens. The price per token quickly rose, essentially turning the UNI distro into the crypto industry version of the stimulus check. How Uniswap Is Stealing…
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The price of Ethereum (ETH) has dropped from $488 on September 2 to below $380, falling by over 22%. If the correction of ETH continues, traders say decentralized finance (DeFi) tokens could further suffer. Despite the rally of Bitcoin from $10,300 to over $11,000, DeFi tokens and Ethereum have underperformed. The daily chart of Ethereum…
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