UNISWAP price, news and Forecast (UNI US DOLLAR)
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Three reasons why Cardano could rally 60%
Cardano price triggers a large symmetrical triangle pattern with yesterday’s close above the upper trend line. ADA/BTC is nearing a critical support level with the intra-day Relative Strength Indexes (RSI) flashing a bullish momentum divergence.
Theta price gains over 100%, confirms a bullish trend change
Theta price printed a new correction low on July 20, undercutting the May 19 low of $3.70 and the 78.6% retracement level of $3.54 before rallying 100% into yesterday’s high.
Axie Infinity stares at 30% correction
Axie Infinity price is currently experiencing a pullback as it underwent another exponential upswing. The resulting retracement could extend up to the trading range’s mid-point before new leg-up kick-starts.
Crypto markets bleed after Amazon denies rumors; uptrend intact
Bitcoin price rallied exponentially based on rumors, which pushed it beyond $40,000 for the first time in roughly 40 days. This bullish move affected a majority of the altcoins, including Ethereum and Ripple, which followed suit.
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Bitcoin Weekly Forecast: Markets revert to mean, but BTC price remains indecisive
Bitcoin price shows considerable strength after springing from the recent crashes. Still, it is uncertain whether the current bullish impulse will morph into a new uptrend or lead to a more profound decline.
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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.
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