Trader Claims Uniswap’s UNI Will Plunge to $2.00 Prior to Platform’s V3 Launch
Uniswap’s UNI token has been struggling to garner any sustainable upwards momentum over the past few days and weeks, with each rally being met with massive inflows of selling pressure that force its price lower. There are no immediate catalysts for it to see any significant upside, as it will still be quite some time […]
Related News
UNI – the governance token of the Uniswap platform – has been seeing some immense turbulence in the time since its launch. The hype surrounding the token – which was airdropped to all of Uniswap’s users – sent the price of the cryptocurrency rallying up to highs of $8.50. The token lost its momentum once […]
Uniswap’s UNI token has seen its price stagnate in the time following its rebound from lows of $3.75. Shortly after being announced, the token gained listings on a plethora of exchanges, including Coinbase, Binance, and others. Some trading platforms like FTX even listed perpetual swaps for the token, with the trading frenzy surrounding its launch […]
Uniswap’s UNI token launch generated massive hype for around 24 hours, leading the token’s price to surge up to highs of $8.50 before the hype faded and the cryptocurrency’s price plunged lower. It doesn’t appear that the hype will return anytime soon, as the token has since erased the vast majority of its gains and […]
Uniswap’s response to SushiSwap’s vampire mining attack is one of the most important moves in the DeFi space. Uniswap’s new UNI token has created a buzz in the DeFi world, with over 13,000 users claiming their tokens within three hours of its launch. This move was in response to SushiSwap’s decision to migrate almost $1 billion of funds from Uniswap through a “vampire mining” attack, which is the migration of an exchange’s funds/liquidity to another source.This move by SushiSwap essentially sparked one of the more important rivalries in decentralized finance, led by Sam Bankman-Fried, CEO....
Rival decentralized exchanges are upping their liquidity mining rewards to attract Uniswap’s former-liquidity providers, leading to SushiSwap’s TVL tripling in one week. With leading decentralized exchange Uniswap having ceased its yield-farming incentive program, rival automated market makers 1inch, SushiSwap and Bancor are snapping up liquidity providers with targeted rewards.On Nov. 17, the same day that Uniswap’s rewards ended, the cloned AMM SushiSwap announced a new incentive scheme for the same four pairings previously incentivized by Uniswap. Uniswap’s total value locked, or TVL,....