Solana shows a significant uptick in volume amidst the recent decline. The largest candle within the current downtrend and consolidation belongs to the bears. Solana price may be consolidating before it makes a move south.
XRP price has established two legs of a triangle. If the technicals are correct, XRP could rally to $0.56 and then experience a sharp sell-off. Invalidation of the triangle thesis targeting $0.56 iis a breach below $0.4564.
After Ethereum’s Merge, Cardano’s Vasil hard fork was the most anticipated event for the crypto community this year. Surprisingly, both the events, while developing the network further, acted as a disappointment for the investors.
The Proof of Work (PoW) vs. Proof of Stake (PoS) debate heated up this month as Ethereum mainnet officially shifted to the PoS consensus method. However, not everyone was a taker since many of the miners preferred the older methods instead of switching to staking.
Bitcoin price takes the first step to recovery but needs solid confirmation that will arrive after a flip of the $19,539 level into a support floor. After a successful flip, investors could expect a move up to an intermediate hurdle at $20,737.
Uniswap is a decentralized exchange well positioned for community-led growth, development and self-sustainability. Its native token UNI serves the purpose of enabling shared community ownership and a vibrant, diverse and dedicated governance system, which will actively guide the protocol towards the future.
UNI officially enshrines Uniswap as publicly-owned and self-sustainable infrastructure while continuing to carefully protect its indestructible and autonomous qualities.
Characteristics of UNISWAP
Uniswap was launched with the idea of solving decentralized exchanges' liquidity problem.
It is an Ethereum-based decentralized exchange that allows anyone to swap ERC20 tokens.
UNI allows the exchange to swap tokens without relying on buyers and sellers creating that liquidity.
Uniswap uses a pricing mechanism called the “Constant Product Market Maker Model.”
Any token can be added to Uniswap by funding it with an equivalent value of ETH and the ERC20 token being traded.
Differences between Uniswap and Bitcoin
Which are the main differences between UNI and BTC?
UNI is an ERC-20 token that powers the Uniswap platform.
1 billion UNI have been minted at genesis and will become accessible over the course of 4 years.
A perpetual inflation rate of 2% per year will start after 4 years, ensuring continued participation and contribution to Uniswap at the expense of passive UNI holders.