Decentralized Exchange (DEX)

Uniswap (UNI) Endures a Massive Hit; Why HODLing Might Be the Solution
16 Aug

Uniswap (UNI) Endures a Massive Hit; Why HODLing Might Be the Solution

Edward RichardsonBitcoin, Crypto News, Cryptocurrency, Decentralized Exchange (DEX), Decentralized Finance (DeFi), Ethereum (ETH), Price Analysis, Uniswap (UNI)
Uniswap (UNI) nears a critical junction as the top decentralized exchange faces a gripping condition. The protocol has witnessed a barren run since overtaking Curve in most utilized DEX. For instance, Uniswap registered new lows in July, with trading volume plummeting to $37.8 billion, 2022's lowest mark. Furthermore, July's figures remain far by $24.8B from May's $62.7 billion – the yearly peak. Do Not Leave Yet Surprisingly, Uniswap has stayed busy lately after surging on the charts in market cap. UNI's growth over the week reflects such developments. Nevertheless, the altcoin endured a brief fall as other leading cryptos recorded…
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1INCH: Why Near-Term Bearish Retracement Remains a Possibility
13 Aug

1INCH: Why Near-Term Bearish Retracement Remains a Possibility

Edward RichardsonAltcoins, Crypto News, Cryptocurrency, Decentralized Exchange (DEX), Decentralized Finance (DeFi), Price Analysis
The bearish performance in the overall crypto market during the 2022 first half had 1INCH extending its downsides from its ATH by a staggering 93%. Despite that, the platform maintained impressive development activity. That has been the narrative with most crypto projects targeting long-term growth. However, can that aid recovery in 1INCH? The alternative token shows revival signals despite the massive fall. 1INCH has (so far) gained around 67% from June's lowest price level. Furthermore, 1INCH experienced some selling strength during this publication. That came after the alt encountered resistance at the 23.6% FIB retracement area. The FIB retracement retest…
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