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UniSwap Foundation postpones vote on staking bonuses The UniSwap Foundation, the developer of the UniSwap decentralized exchange, has postponed the important vote on May 31 regarding the UNI token staking rewards. According to the foundation's announcement on the X social network, this decision was taken due to the concern raised by one of the beneficiaries and the need to examine the proposal more closely. Dan Robinson of Paradigm Investments accused UniSwap Foundation of bowing to pressure from another investment firm. Some users also pointed out the impact of this decision on the future of decentralized governance. #Megadrop #StartInvestingInCrypto #StartInvestingInCrypto #Uniswape $UNI

UniSwap Foundation postpones vote on staking bonuses

The UniSwap Foundation, the developer of the UniSwap decentralized exchange, has postponed the important vote on May 31 regarding the UNI token staking rewards. According to the foundation's announcement on the X social network, this decision was taken due to the concern raised by one of the beneficiaries and the need to examine the proposal more closely. Dan Robinson of Paradigm Investments accused UniSwap Foundation of bowing to pressure from another investment firm. Some users also pointed out the impact of this decision on the future of decentralized governance.

#Megadrop #StartInvestingInCrypto #StartInvestingInCrypto #Uniswape $UNI

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#Uniswap price likely to provide buy-the-dip opportunity before rallying 45% Uniswap (UNI) price is attempting a comeback after suffering from a 66% crash between early March and mid-April. The incoming correction will provide patient buyers an opportunity to accumulate UNI before triggering a volatile upswing. Uniswap price sets the stage Uniswap price triggered a mean reversion rally between May 15 and May 26, pushing UNI up by 75% to set up a local top at $11.81, roughly coinciding with the midpoint of the 66% crash noted between March 6 and April 13. An interesting observation is that the 75% rally was preceded by a month-long accumulation phase. The ongoing correction is likely going to lead the DEX token into a similar sideways movement between the $9.26 to $8.29 range. As Uniswap price bounces from the aforementioned range, investors can expect it to take another jab at the $11.39 hurdle. A flip of this key level into a support floor will be a key development, suggesting that the bulls are in control. In such a case, UNI could surge nearly 13% and revisit the $12.97. In total, this move would constitute a 45% gain from the midpoint of the aforementioned accumulation range. The Relative Strength Index (RSI) is close to retesting the mean level of 50 on the daily timeframe, supporting this accumulation outlook for Uniswap's price and signaling a potential bounce in the works for UNI. The Awesome Oscillator (AO) is also above its mean level of zero, hinting that bullish momentum is in control. Supporting this uptrend is Santiment’s 30-day Market Value to Realized Value (MVRV) indicator. The 3.88% value shows that investors who purchased UNI in the past month are at an average profit of 3.88%. Even if these holders decide to sell, it would negatively impact Uniswap price’s bullish outlook. On the contrary, investors tend to accumulate when the MVRV indicator is under the zero line. #UNISWAP $UNI
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