Prominent crypto analytics firm Santiment is unveiling a list of large-cap altcoins that may see short-term rallies following last week’s correction. The crypto insights firm says on the social media platform X that the Market Value to Realized Value (MVRV) metric of seven altcoins has dropped to negative territory. The MVRV is the ratio of […]
The post Ethereum, Dogecoin and Five Additional Altcoins Flashing Short-Term Bullish Signal, According to Santiment appeared first on The Daily Hodl.
While the crypto market experienced a general decline, with bitcoin dropping 5.6% and ethereum falling 4.4%, roughly six crypto tokens managed to stand out over the past week. Weekly Crypto Report: Bitcoin and Ethereum Drop, Numerous Tokens See Major Losses As of this writing, the global crypto market capitalization stands at $2.39 trillion, reflecting a […]
Bitcoin price needs to rise above $68,000 to sustain buying in ETH, TON, UNI, and XMR.
Bitcoin (BTC) is down more than 4% this week, signaling that the bears are active near $70,000. However, Bitcoin investors seem to be viewing the dips as a buying opportunity. Market intelligence firm Santiment said in a post on X that Bitcoin’s dip to $66,600 saw a surge in buying while selling interest remained dormant.
Even as Bitcoin is trying to find a short-term bottom, Ether (ETH) is attempting a rebound off its recent drop below $3,400 on June 14. The solid demand at lower levels could be due to the expected launch of the spot Ether exchange-traded funds (ETFs). Bloomberg ETF analyst Eric Balchunas anticipates Ether ETFs to start trading as early as July 2.
Bitcoin’s recent weakness has increased selling pressure in several altcoins, which have dropped near or below their immediate support levels. However, if Bitcoin manages to stage a comeback, select altcoins are likely to witness solid buying at lower levels.
Uniswap’s native asset UNI tumbled by about 9% on Friday after the decentralized exchange (DEX) announced that it had decided to punt on an important protocol upgrade. The DEX had planned on initiating an on-chain vote on Friday to implement a proposal that would have enabled a fee mechanism to reward UNI token holders who […]
The post Top DEX Altcoin Uniswap (UNI) Dips in Price After Project Delays Protocol Upgrade appeared first on The Daily Hodl.
The foundation behind crypto’s leading decentralized exchange (DEX) is disclosing its crypto assets as a governance vote for a new fee mechanism approaches. In a new blog post, the Uniswap Foundation has shared its 2024 first-quarter financials in a show of transparency with the Uniswap (UNI) token-holding community. “On March 31, 2024 we had $41.41 million […]
The post Uniswap Foundation Reveals Unaudited Summary Financials As Vote for New Fee Mechanism Approaches appeared first on The Daily Hodl.
Uniswap (UNI) is fighting back against the U.S. Securities and Exchange Commission (SEC). The largest decentralized exchange by trading volume received a Wells Notice from the SEC last month, which indicates the regulator intends to take enforcement actions against the DEX soon. Marvin Ammori, the chief legal officer at Uniswap Labs, notes that the project […]
The post Uniswap Responds to SEC’s Wells Notice, Argues Tokens Are Not Securities but ‘File Format’ for Value appeared first on The Daily Hodl.
Whales reportedly had a field day over the weekend, gobbling up millions of dollars worth of digital assets from crypto exchange Binance. Blockchain tracking firm Lookonchain says that on Saturday, crypto whales withdrew stacks of the decentralized oracle project Chainlink (LINK), meme token Pepe (PEPE), decentralized exchange Uniswap (UNI), stablecoin governance token Maker (MKR) and domain […]
The post Whales Accumulate Chainlink, Pepe and Three Other Altcoins From Binance: Lookonchain appeared first on The Daily Hodl.
A popular crypto trader says the top decentralized exchange (DEX) Uniswap (UNI) is flashing a short-term bullish signal. The analyst Ali Martinez tells his 59,400 followers on the social media platform X that the Tom DeMark (TD) Sequential indicator recently presented a buy signal for UNI on the daily chart, which he says suggests the […]
The post Crypto Analyst Says Uniswap Flashing Short-Term Bullish Signal, Updates Outlook on Cardano appeared first on The Daily Hodl.
One of the biggest decentralized exchange (DEX) platforms says it is “fighting for DeFi” after receiving a Wells Notice from the U.S. Securities and Exchange Commission (SEC). In a new blog post, Uniswap (UNI) says it has recently received a Wells Notice from the SEC, meaning that the regulator is planning on taking enforcement actions […]
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Widely followed analyst Nicholas Merten is offering his forecast on four crypto assets amid an industry-wide market rally. Starting with payments-focused blockchain network Stellar (XLM), Merten tells the 510,000 YouTube subscribers of the DataDash channel that the XRP rival is sitting at a “typical discount range”. According to Merten, XLM could appreciate by around 200% […]
The post Analyst Nicholas Merten Says XRP Competitor Could Go Up by 200%, Updates Outlook on Aave, Compound and Uniswap appeared first on The Daily Hodl.
