
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
$83,703.00
-9.76%$2,083.61
-14.80%$2.30
-17.61%$560.79
-8.30%$136.77
-19.42%$0.999673
-0.01%$0.802379
-24.32%$0.191908
-15.80%$0.230925
-4.65%$2,083.04
-14.86%$83,575.00
-9.62%$0.226433
-12.83%$9.97
0.01%$2,488.25
-14.67%$13.86
-17.62%$0.284009
-17.39%$19.97
-18.65%$1.00
0.06%$103.97
-15.08%$2.47
-20.27%$0.00001263
-13.01%$2.99
-12.63%$7.03
-6.87%$4.27
-16.22%$305.36
-6.38%$2,086.23
-14.65%$0.999133
0.03%$16.04
-20.65%$4.11
-10.65%$29.47
-4.19%$2,211.48
-14.63%$6.83
-14.92%$215.88
-6.07%$2.82
-17.10%$5.46
-14.74%$1.04
-0.04%$0.937709
-19.38%$0.00000691
-19.14%$5.99
-14.96%$18.34
-10.07%$173.81
-19.18%$42.35
-10.63%$20.10
-10.29%$12.27
-23.32%$0.720186
-6.53%$83,728.00
-9.67%$284.89
-17.07%$29.16
-3.47%$0.245693
-15.71%$0.02582696
-16.72%$0.996784
-0.13%$0.073652
-16.94%$0.075844
-11.17%$0.228487
-18.78%$2.97
-14.27%$3.56
-17.31%$4.10
-14.00%$3.30
-16.83%$0.642642
-18.91%$0.542337
-24.87%$3.99
-0.16%$83,666.00
-9.51%$0.377428
-15.63%$0.953658
-16.28%$0.583912
-20.27%$11.20
-6.94%$5.25
-21.09%$2,081.26
-14.87%$85.23
-10.54%$83,457.00
-9.86%$1,404.49
-7.89%$2,159.61
-14.77%$0.0737
-11.26%$1.13
-7.83%$0.350647
-21.20%$1.006
-18.59%$11.08
-20.88%$0.610392
-15.95%$0.997404
-0.03%$2,346.14
-14.59%$0.685737
-18.90%$17.87
-3.98%$1.018
-18.59%$0.215547
-17.30%$0.104209
-17.48%$0.01662262
-9.45%$0.398961
-20.11%$1.06
-21.54%$141.45
-19.71%$2,207.09
-14.63%$0.00001192
-20.14%$83,366.00
-9.32%$0.533274
-14.51%$0.01636798
-17.21%$0.01757269
-18.22%$0.999195
-0.10%$0.717439
-15.02%$0.200524
-19.64%$0.00787126
-19.09%$0.291691
-16.94%$2,882.01
0.88%$560.10
-8.41%$6.41
-22.33%$0.0000007
-9.50%$0.00007092
-17.40%$0.432176
-14.34%$173.71
-19.43%$83,447.00
-9.73%$0.11278
-10.87%$2.18
-19.67%$19.49
-16.01%$32.44
-10.82%$2.19
-16.27%$0.17493
-17.57%$1.00
0.00%$0.998637
0.01%$2,160.12
-14.75%$21.62
-12.91%$2,889.30
0.92%$0.606985
-21.44%$8.45
-14.60%$0.893474
-22.52%$2.33
-12.86%$148.94
-19.17%$35.12
-15.28%$0.890095
-12.19%$3.02
-12.31%$1.001
0.09%$3.33
-13.30%$0.187442
-15.84%$0.395704
-18.22%$0.999043
-0.08%$0.072373
-1.76%$0.0151437
-24.58%$0.995772
-0.02%$0.264928
-13.57%$0.996582
-0.12%$82,079.00
-10.28%$0.191993
-15.73%$2,085.95
-14.59%$0.099067
-16.88%$1.67
-13.15%$2,082.51
-14.74%$0.472108
-9.88%$2,206.76
-14.38%$0.626921
-16.67%$7.11
-18.01%$0.483393
-22.10%$0.567716
-17.22%$0.999525
-0.03%$0.553607
-15.72%$2,081.51
-14.69%$110.18
0.02%$0.245998
-15.62%$0.401097
-9.35%$0.04557002
-12.26%$0.00683435
-21.61%$83,842.00
-9.72%$1.21
-16.55%$84,834.00
-7.88%$0.00002105
-13.47%$1.76
-17.46%$0.00000042
-4.34%$1.006
0.73%$1.078
-0.12%$0.960504
-8.84%$44.45
-15.75%$2.36
-19.66%$1.58
-24.28%$1.079
-0.99%$0.332648
-16.44%$22.77
-5.32%$0.00441915
-14.63%$83,590.00
-9.65%$0.00645293
-19.46%$0.00681073
-19.82%$0.03600562
-20.67%$135.64
-13.74%$1.40
-16.36%$0.279242
-15.27%$0.365544
-15.75%$0.307492
-26.28%$0.00006173
-12.20%$4.28
-15.90%$2,057.68
-14.81%$2,108.35
-14.17%$1.33
-22.06%$0.00360969
-18.09%$1.00
-0.16%$2,181.53
-13.82%$0.110645
-21.23%$0.124665
-24.09%$2,275.16
-14.72%$0.03136588
-4.74%$0.084061
-16.97%$2,081.46
-14.83%$1.001
0.15%$2,087.77
-14.62%$0.218512
-12.82%$0.29727
-12.04%$3.11
-4.66%$0.999946
0.01%$0.84654
-12.85%$0.66829
-11.71%$2,194.29
-14.58%$0.57102
-9.20%$23.40
-11.66%$0.00381304
-26.46%$0.279784
6.65%$17.28
-14.25%$2,254.42
-14.79%$2,058.53
-15.74%$0.03970601
-12.96%$1,680.71
-9.90%$83,612.00
-9.82%$0.266799
-30.31%$0.267277
-24.57%$83,601.00
-9.17%$0.00256901
-17.66%$0.00570509
-14.09%$0.00000012
-5.44%$0.1285
-14.89%$0.115043
-15.57%$0.457222
-12.15%$2.25
-17.41%$0.03274598
-15.19%$0.247985
-26.26%$0.01238746
-14.05%$5.84
-21.89%$0.130438
-3.01%$4.19
-23.42%$2.22
-15.42%$5.92
-15.41%$0.03463499
-16.49%$5.92
-17.50%$2,698.17
-5.80%$2,230.72
-14.85%$15.89
-10.15%$0.502499
-20.48%$0.625537
-17.01%$0.00260038
-17.86%$10.65
-16.56%$0.149414
-14.89%$0.99357
-0.25%$0.260883
-15.06%$2.19
-2.39%$0.00123034
-14.73%$0.03220078
-18.00%Reading
The newborn token that now allows the Ethereum-based decentralized exchange Uniswap to be community run has spiked by more than 20% in the last 24 hours. It’s now trading for roughly $5 per token. Meanwhile, however, the rest of the DeFiDeFi market isn’t faring so well—and the same goes for the broader cryptocrypto market, too.
The birth of UNI was bombastic. Two days of hype pushed the token from just $0.30 at launch to $6.90 the next day. Since then, trading on UNI has cooled, and the price dropped all the way down to $3.90 yesterday. Something changed overnight, however, and Uniswap fans have seemingly grown tired of seeing UNI in the red.
Uniswap’s token currently ranks 36th among all cryptocurrencies by market capitalization, which today rebounded to $614 million. That’s enough for sixth among so-called DeFi tokenstokens, according to CoinGecko.
Studying charts won’t get you very far with UNI. It is still only a week old after all. The token is still only finding its way within the crypto market, and there are no past trends to reference to make any future predictions on its price.
For UNI, it all seemingly comes down to market sentiment at the moment. Though, curiously, as hot as the DeFi market has been in 2020, most tokens associated with decentralized financedecentralized finance are down today. In fact, some of the biggest tokens in the DeFi space are down a lot within the past week.
It didn’t even exist 48 hours ago, but Uniswap’s governance token is already the fourth-most-traded token on cryptocurrency exchanges. According to data from CoinGecko, 24-hour trading volume for UNI stands at $4.7 billion, behind only Tether ($38.9 billion), Bitcoin ($20.7 billion), and Ethereum ($12.7 billion). That means that Uniswap isn’t just setting the pace among DeFi platforms, but that it’s running with the established players in all of crypto, at least for now. UNI is decentralized exc...
Chainlink, for example, is down 24% over the last seven days. Yearn.finance’s YFI has lost 30% to its price, now trading for $25,000 per token. DeFi lending protocol Aave’s token LEND is likewise down 16%, while UMA, the seventh-most capitalized DeFi coin, is down a whopping 37% in the last week.
Of course, the same basically holds true for the entire market. Crypto took a $22 billion hit on Monday as Bitcoin’s price fell close to 5%, settling around $10,400. Traditional markets likewise have felt the pain, with the Dow falling 800 points. Neither crypto nor stocks have yet fully recovered from that drop.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
President Donald Trump's own official meme coin is today's biggest loser in a spiraling crypto market that's apparently reeling ahead of trade tariffs that are expected to take effect Tuesday. TRUMP, the Solana meme coin that Trump launched just days before his January inauguration, has fallen by 25% in the last 24 hours to a current price of $12.60. No other coin in the top 100 cryptocurrencies by market cap has dropped harder during that span. The token spiked from $13.46 to $17.46 on Sunday w...
So much for the Trump pump. After the prices of Bitcoin, Ethereum, and other top assets spiked Sunday after President Donald Trump said they'd be included in a planned United States crypto reserve, the broader crypto market is down by 8% over the past 24 hours. Bitcoin has fallen from a mark of around $94,000 earlier Monday to a current price of $87,300, as the reality of Trump's trade tariffs and inflation fears have cooled the short-lived hype around the U.S. amassing coins. The top cryptocurr...
Bitcoin, Ethereum, and other major cryptocurrencies surged in value Sunday as President Donald Trump signaled plans for which assets could be included in a proposed U.S. crypto reserve. But Bitcoin has already shed thousands of dollars worth of gains on Monday, with other assets starting to fade as well. Following a nearly $4,000 rapid drop that took the price back below $90,000 on Monday, Bitcoin is currently priced at $90,529 as of this writing. It's still showing a nearly 4% rise over the pas...