Cryptocurrencies Price Prediction: Bitcoin, Uniswab & Decentraland — Asian Wrap 02 Mar
Interest in Bitcoin skyrockets as armed conflict intensifies between Ukraine and Russia
Citizens in Ukraine are purchasing more of the leading cryptocurrency than ever before to protect their asset holdings as the country continues to defend itself from the Russian military invasion. A new report by Arcane Research found that Ukrainians were using leading crypto exchange Binance to purchase Bitcoin and stablecoin Tether with their local currency, the hryvnia.
Uniswap monster rally at risk of slowing, UNI could pullback to $9.25
Uniswap price has outperformed nearly every primary cryptocurrency over the past week. From February 24, 2022, to today, UNI rose nearly 44%, from $7.54 to $10.83. Bulls were able to rally UNI above the Kijun-Sen, but global concerns regarding Russia and commodity markets may cause Uniswap to give back some of those gains.
Decentraland bulls anticipate spike that will send MANA to $4.50
Decentraland price closed Monday with an 11% gain, completing the strongest daily candlestick close since January 31, 2022. Buyers hoped that the momentum would convert into a significant bullish breakout above the Ichimoku Cloud, but MANA has ultimately been hit by the same uncertainty that affected other risk-on assets.
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FXStreet Team
FXStreet
