UNISWAP price, news and Forecast (UNI US DOLLAR)
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Dogecoin surges to $0.20 as meme coins outperform broader crypto market
Dogecoin (DOGE) is rising alongside other major cryptocurrencies to trade at around $0.1990 on Friday. Interest in the largest meme coin is at an elevated level, approaching the highs seen in May, when DOGE rallied to $0.2597.
Crypto Today: Bitcoin explodes toward $120,000, igniting interest in Ethereum and XRP
The cryptocurrency market is beaming with anticipation of an extended rally, particularly in the price of Bitcoin (BTC), which has skyrocketed this week, hitting a new historical high of $118,870 on Friday.
Bitcoin Weekly Forecast: BTC hits new all-time high and enters price discovery mode
Bitcoin price prints a fresh all-time high near $118,900 on Friday, with bulls eyeing $120,000 as the next key milestone. Corporate and institutional demand remains robust, with spot Bitcoin ETFs recording a total of $1.69 billion this week as of Thursday.
Ethena records double-digit gains amid Upbit listing, Coinbase partnership
Ethena (ENA) edges higher by 20% at press time on Friday, printing its fourth consecutive bullish day. The surge in buying pressure could be triggered by the increased volumes from the Korean market after the Upbit listing on Friday.
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Bitcoin: BTC hits new all-time high and enters price discovery mode
Bitcoin (BTC) price prints a new all-time high near $118,900 on Friday, entering uncharted territory as bullish momentum accelerates.
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WHAT IS UNISWAP?
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.