Recently, Uniswap Labs restricted access to a large number of tokens on the protocol interface due to regulatory concerns. Many tokens have been virtually eliminated from the system. Of course, this has worried users who are holding UniSwap (UNI) (users waiting, not selling, for long-term benefit). Despite all this, the price of UNI rose from $ 14 to $ 18.6 per day by the crypto pump signals telegram.
Will Uniswap (UNI) come up?
Does it make sense to keep the UNI while the tokens are being removed from the system? Will it be profitable to leave the market or is it worth waiting for the UNI price to rise?
We can gain some insight into these issues by analyzing network traffic. This initial decision does not appear to have affected the price of Uniswap (UNI). According to SafeTrading team data from July 22-23, there is no significant difference in volumes. When we compare this with past data, there is no negative again.
In addition, it did not affect the total value locked at Uniswap (TVL). The same has been in the $ 5 billion range over the past few days. In addition, the number of users on the network is increasing.
Increase in the number of active UniSwap addresses (UNI)
Although the transaction size on the network has decreased since the announcement of the July 21st decision, the total number of addresses is increasing. The total number of addresses associated with UNI increased slightly:
From 249.03 thousand;
To 249.63 thousand.
During the same period of time. This data refers to the number of users who have invested in a crypto asset. For UNI, these data provide good signals.
Latest news on Uniswap and short/medium-term price expectations.
It will be helpful to keep track of the number of active addresses. Because an increase in the number of UNI users at the same rate will naturally have a positive effect on the price. 55% of users who have invested in a project are still waiting at a loss. The 19.86 level must be exceeded for more investors to log in and start selling profits. Uniswap (UNI), whose selling pressure is relatively low compared to other assets, looks like it can be held in the short to medium term. If your cost is low, it may be beneficial for you to keep UNI. Of course, what is posted here contains information only. By no means take this as investment advice.
UNI is currently listed at $ 17,793 on Binance. Having reached a volume of 36 million dollars in dollar terms, during the day the price fluctuated from 18.6 to 17.2. Depending on the bitcoin (BTC) price, support for 17.2 could be retested if people will follow the crypto pump signals telegram.
Countries that account for 90% of global GDP are exploring digital expansion!
The widespread use of cryptocurrencies and the growing interest in digital payment systems and speed have prompted governments to act. Traditional payment methods are now helpless in the face of the speed and simplicity of the digital world – said the specialist of SafeTrading.
The COVID-19 pandemic and quarantine conditions have also significantly reduced the use of cash. Many central banks have rolled up their sleeves to introduce an official digital currency in the future. Research shows that cash use will decline by 80% over the next 5 years.
The quest to understand the opportunities and challenges of the central bank’s digital currency continues in 81 countries, with five countries fully adopting a digital version of their currency, according to a new report from SafeTrading.
The Caribbean is home to all five CBDCs currently in use, and the:
Saint Kitts and Nevis,
Antigua and Barbuda;
Saint Lucia and Grenada are implementing digital cash systems.
CBDCs are piloting in 14 countries, including South Korea and Sweden. Among the countries with the four largest central banks, namely the US Federal Reserve, the European Central Bank, the Bank of Japan and the Bank of England, the US lags behind in the development of CBDCs.
The Federal Reserve has been investigating the CBDC for several years, and Chairman Jerome Powell said in January that the development of digital dollars is a “very important priority” in the fight against financial crime. Meanwhile, New York Fed Chairman John Williams believes the emergence of cryptocurrencies raises difficult questions for central banks.
China recently announced that foreign visitors will be allowed to use the digital yuan during the 2022 Winter Olympics, provided they share their passport information with the central bank. Thus, the transformation continues without slowing down, and the segment that corresponds to 90% of world GDP is working to digitize money. While the future of cryptocurrencies is being discussed, cryptocurrencies seem to have already undergone a transformation.
Axie Infinity (AXS) made a 125% profit in 1 week?
So, if you bought $ 1,000 from Axie Infinity (AXS) on June 25, you would have over $ 13,000 at the time of writing.
Yesterday (July 24, 2021), the AXS token hit an all-time high of $ 49.58. Although it has lost 20% since the record, AXS is holding above $ 40. We can see the price change for Axie Infinity.
AXS is listed at number 38 on CoinMarketCap with a total market cap of $ 2.45 billion.
Axie Infinity, which is essentially a computer game, soon fell in love with players and produced its own token. Axie Infinity is a blockchain-based trading and war game, partly owned and operated by its players.
Inspired by popular games like Pokémon and Tamagotchi, Axie Infinity allows players to collect, breed, upgrade, fight, and exchange tokens known as Axies.
Axie players receive tokens, the value of which changes depending on the achievements achieved. Each token is produced in the form of NFT (non-fungible token). These tokens can be converted to cryptocurrency and cash across a variety of platforms with the help of crypto pump signals telegram.