Ethereum started to go down at nearly four in the morning. We can see that there is no large amount of liquidity in the currency circle at present, and it is all affected by news. At three fifty-eight in the morning, Bitcoin and Ethereum went down. Bitcoin only fell by one thousand dollars, while Ethereum fell by more than two hundred dollars. Ethereum should have exhausted all the good news this time, but the price of the currency did not rise significantly. It should be that the market was ahead of the news.


At present, funds have returned to the big cake, and the copycat should also have a wave of pull-up. Yesterday, we saw Ethereum sucking blood. The next market fluctuation will be an opportunity for the copycat, and many sectors will have the opportunity to make up for the rise.


Which altcoins have the potential to increase tenfold and are worth buying at the bottom!


UNI:

Uniswap contains two types of smart contracts:
Trading contract: A trading contract supports one ERC20 token. Each trading contract reserves a certain amount of ETH and the supported ERC20 token. The trading contract can also realize the direct transaction between one ERC20 token and another ERC20 token.
Factory Contract: can be used to deploy new trading contracts. Any ERC20 token that does not have a trading contract on Uniswap can use the factory contract to deploy a trading contract, that is, it can issue ERC20 tokens on Uniswap.

Uniswap’s asset liquidity:
Uniswap uses the liquidity of the reserve to realize the exchange of digital assets on the protocol. The reserve in the trading contract is provided by many "liquidity providers". These liquidity providers recharge the equivalent of ETH and ERC20 tokens into this trading contract. The first liquidity provider who provides liquidity to this contract has the right to set the exchange rate between this ERC20 token and ETH. When there is arbitrage space in the exchange rate, arbitrageurs will flatten the price difference between different markets.

Uniswap’s liquidity providers will capture transaction fees:
After a liquidity provider adds liquidity to the Uniswap pool, the exchange contract mines and sends "liquidity tokens" based on their proportion in the pool. These tokens record the share of the liquidity provider. If someone adds liquidity to the pool, new tokens will be mined. If someone withdraws liquidity, the mined tokens will be destroyed to keep the relative proportion of each liquidity provider consistent. The liquidity provider's income comes from transaction fees, which are currently 0.3% of the transaction volume. These transaction fees are distributed to the liquidity providers in proportion.


MKD：

MakerDAO is a decentralized autonomous organization and smart contract system on Ethereum, providing the first decentralized stable currency Dai on Ethereum. DAI is a hard currency backed by digital assets and is pegged 1:1 to the US dollar. MKR is the management token and utility token of the Maker system, used to pay for the stability of borrowing Dai and participate in the management system. Unlike the Dai stable currency, due to its unique supply mechanism and role on the Maker platform, the value of MKR is closely related to the performance of the entire system. The decentralized stable currency Dai has key applications in mortgage loans, leveraged trading, hedging, international remittances, supply chains, and government public accounting.


YFI：

yearn.finance's goal is simple - it is an aggregation platform for profit output data of different products serving loan platforms, and it rebalances data to obtain the highest profit output in contract transaction interactions.


Summarize:

 

Remember, if you view your position as a long-term investment, a market drop should be viewed as a gift. It provides an opportunity to buy more tokens.

 

Finally, it is crucial to have a strategy before making any purchases, and never invest all of your money.