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Uniswap Skyrockets 80% as Bitcoin Stalls at $51K
Uniswap’s UNI stole the show in the past 24 hours, exploding by nearly 80% following a proposal to reward UNI holders with a percentage of the fees generated by the DEX.
Uniswap has been the main story of the past day, as its native cryptocurrency exploded by 80% following a proposal for a major upgrade.
Meanwhile, Bitcoin’s price remains stuck at around $51K as bulls and bears continue their fight for control over the market.
Uniswap (UNI) Leads Altcoin Push
The sentiment in the altcoin market is mostly mixed, with the majority of them charting slight gains or losses over the past 24 hours.
However, Uniswap’s UNI token is the obvious exception. The cryptocurrency exploded by almost 80% in the past 24 hours, driven by a proposal to change an important component of the protocol.
Namely, the Uniswap Foundation proposes that UNI holders receive a percentage of the fees generated by the DEX. This turns UNI from a mere governance token into a yield-generating one, should the proposal pass.
The surge in UNI propelled other DEX-related tokens also to soar. These include dYdX (up 29%), Quickswap (up 14.1), and so forth.
All in all, the past 24 hours turned out to be relatively eventful, and it’ll be interesting to see how the market unfolds next.
Bitcoin Price Stalls at $51K
Bitcoin has been unable to break above $51,000 in the past 24 hours. The good news is that the bears were unable to push below it either – and it wasn’t for the lack of trying.
The price dipped to as low as $50.6K at one point, but that’s when buyers stepped in and managed to push it back up to where it currently trades at $51K.
Bitcoin’s dominance has declined to 48.6% in the past 24 hours – down from 49.25%. This is indicative of the fact that the altcoin market is outperforming BTC.
The cryptocurrency fear and greed index remains in “Greed” territory, clocking in at 72, down from 76 yesterday.
#Bitcoin #Uniswap’s #Halving #TRX.
Uniswap’s UNI stole the show in the past 24 hours, exploding by nearly 80% following a proposal to reward UNI holders with a percentage of the fees generated by the DEX.
Uniswap has been the main story of the past day, as its native cryptocurrency exploded by 80% following a proposal for a major upgrade.
Meanwhile, Bitcoin’s price remains stuck at around $51K as bulls and bears continue their fight for control over the market.
Uniswap (UNI) Leads Altcoin Push
The sentiment in the altcoin market is mostly mixed, with the majority of them charting slight gains or losses over the past 24 hours.
However, Uniswap’s UNI token is the obvious exception. The cryptocurrency exploded by almost 80% in the past 24 hours, driven by a proposal to change an important component of the protocol.
Namely, the Uniswap Foundation proposes that UNI holders receive a percentage of the fees generated by the DEX. This turns UNI from a mere governance token into a yield-generating one, should the proposal pass.
The surge in UNI propelled other DEX-related tokens also to soar. These include dYdX (up 29%), Quickswap (up 14.1), and so forth.
All in all, the past 24 hours turned out to be relatively eventful, and it’ll be interesting to see how the market unfolds next.
Bitcoin Price Stalls at $51K
Bitcoin has been unable to break above $51,000 in the past 24 hours. The good news is that the bears were unable to push below it either – and it wasn’t for the lack of trying.
The price dipped to as low as $50.6K at one point, but that’s when buyers stepped in and managed to push it back up to where it currently trades at $51K.
Bitcoin’s dominance has declined to 48.6% in the past 24 hours – down from 49.25%. This is indicative of the fact that the altcoin market is outperforming BTC.
The cryptocurrency fear and greed index remains in “Greed” territory, clocking in at 72, down from 76 yesterday.
#Bitcoin #Uniswap’s #Halving #TRX.
💥According to TRM Labs, the Tron chain alone accounted for 45% of the volume of transactions related to illegal activities in 2023.
⚠️ 24 and 18 percent of criminal transactions were recorded on Ethereum and Bitcoin networks, respectively.
This can make the situation very difficult for tron in the future‼️
#TRX.
⚠️ 24 and 18 percent of criminal transactions were recorded on Ethereum and Bitcoin networks, respectively.
This can make the situation very difficult for tron in the future‼️
#TRX.
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Nobody is talking about how bearish TRX has been for the past one month. What's happening 👿
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Nobody is talking about how bearish TRX has been for the past one month. What's happening 👿
#TRX.
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TRON PRICE REGAINS STRENGTH
Recently, Bitcoin and Ethereum saw a decent increase and moved into a positive zone. Tron price also remained well-bid and it slowly moved higher above the $0.120 resistance zone.
There was a steady increase above the $0.128 and $0.132 resistance levels. Finally, TRX traded to a new multi-week high at $0.1400 and is currently consolidating gains. It is trading above the 23.6% Fib retracement level of the upward move from the $0.1309 swing low to the $0.1400 high.
Tron price is now trading above $0.1350 and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support at $0.1382 on the 4-hour chart of the TRX/USD pair.
On the upside, an initial resistance is near the $0.1400 level. The first major resistance is near $0.1420, above which the price could accelerate higher.
The next resistance is near $0.1650. A close above the $0.1650 resistance might send TRX further higher toward $0.1720. The next major resistance is near the $0.180 level, above which the bulls are likely to aim for a larger increase toward $0.20.
ARE DIPS SUPPORTED IN TRX?
If TRX price fails to clear the $0.140 resistance, it could start a downside correction. Initial support on the downside is near the $0.1380 zone and the trend line.
The first major support is near the $0.1350 level or the 50% Fib retracement level of the upward move from the $0.1309 swing low to the $0.1400 high, below which it could test $0.1320. Any more losses might send Tron toward the $0.1250 support in the coming sessions.#Write2Earn #TrendingTopic #TRX.
Recently, Bitcoin and Ethereum saw a decent increase and moved into a positive zone. Tron price also remained well-bid and it slowly moved higher above the $0.120 resistance zone.
There was a steady increase above the $0.128 and $0.132 resistance levels. Finally, TRX traded to a new multi-week high at $0.1400 and is currently consolidating gains. It is trading above the 23.6% Fib retracement level of the upward move from the $0.1309 swing low to the $0.1400 high.
Tron price is now trading above $0.1350 and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support at $0.1382 on the 4-hour chart of the TRX/USD pair.
On the upside, an initial resistance is near the $0.1400 level. The first major resistance is near $0.1420, above which the price could accelerate higher.
The next resistance is near $0.1650. A close above the $0.1650 resistance might send TRX further higher toward $0.1720. The next major resistance is near the $0.180 level, above which the bulls are likely to aim for a larger increase toward $0.20.
ARE DIPS SUPPORTED IN TRX?
If TRX price fails to clear the $0.140 resistance, it could start a downside correction. Initial support on the downside is near the $0.1380 zone and the trend line.
The first major support is near the $0.1350 level or the 50% Fib retracement level of the upward move from the $0.1309 swing low to the $0.1400 high, below which it could test $0.1320. Any more losses might send Tron toward the $0.1250 support in the coming sessions.#Write2Earn #TrendingTopic #TRX.
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#BitTorrent ($BTTC ) is a cryptocurrency that was launched in January 2019. It is based on the BitTorrent protocol, and is designed to provide faster downloads and reduce the fees for exchanging files. BTTC is built on top of the Tron blockchain, and allows users to earn rewards for seeding files and bandwidth.
#BTTC , the eponymous token of BitTorrent, the peer-to-peer filesharing platform owned by Tron, is up over 12% as the Tron network works through another burn of its TRX token.
BitTorrent's BTTC Surges 12% as Owner Tron Completes TRX Burn. BitTorrent's BTTC token is issued on Tron, and continues to surge on the network's positive news.
BitTorrent (BTTC) Coin is a good investment. Absolutely! BitTorrent (BTTC) price prediction analysis, investing in BitTorrent(BTTC) coins and holding them for the long term is considered a smart move due to the projected price surge in the future.
#HotTrends $TRX #TRX.
#BTTC , the eponymous token of BitTorrent, the peer-to-peer filesharing platform owned by Tron, is up over 12% as the Tron network works through another burn of its TRX token.
BitTorrent's BTTC Surges 12% as Owner Tron Completes TRX Burn. BitTorrent's BTTC token is issued on Tron, and continues to surge on the network's positive news.
BitTorrent (BTTC) Coin is a good investment. Absolutely! BitTorrent (BTTC) price prediction analysis, investing in BitTorrent(BTTC) coins and holding them for the long term is considered a smart move due to the projected price surge in the future.
#HotTrends $TRX #TRX.
