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Category: UNIUSDTPERP

CAKE Price Analysis: Pancake Swap (CAKE) All Set for A Breakout to Upside

The Pancake Swap DEX on the Binance Smart Chain recently announced the execution of its scheduled token burn via its Twitter handle on 12 October. Its scheduled CAKE burn function results in a token burn of more than 7million CAKE tokens valued at around 132 million USD. The recent Pancake DEX token burn, though significant

The post CAKE Price Analysis: Pancake Swap (CAKE) All Set for A Breakout to Upside appeared first on Coingape.

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Axie Infinity (AXS) Price Analysis: Rising momentum for New All Time High ATH

Led by the famous venture capital firm, Andreessen Horowitz, Sky Mavis studio, the creators of Axie Infinity recently raised 152 million USD in a Series B round. The move reinforced Axie Infinity as the largest NFT project by trading volume. Last week’s launch of AXS staking functionality, unlocks new rewards to users that lock up

The post Axie Infinity (AXS) Price Analysis: Rising momentum for New All Time High ATH appeared first on Coingape.

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Multi-Billion Dollar Investment Management Firm cashes out from Stocks to invest in Defi

Dawn Fitzpatrick, CEO, and CIO of the $27 billion Soros Fund Management announced that the investment management giant has been liquidating the $5 billion it had invested in March 2020 during the Covid-19 triggered market instability. Furthermore, Fitzpatrick noted that the company will be redirecting its investment into Decentralized Finance. Defi Dominance over the “mainstream”

The post Multi-Billion Dollar Investment Management Firm cashes out from Stocks to invest in Defi appeared first on Coingape.

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Chainalysis Report: India tops the Global Crypto Index in virtual currency usage

The latest virtual currency adoption report by blockchain-based analysis firm, Chainalysis noted that India is among the top three countries with the most cryptocurrency usage according to the Global Crypto Adoption Index. The report stated that the Central and Southern Asia and Oceania (CSAO) region has risen as the dark horse of crypto adoption, with

The post Chainalysis Report: India tops the Global Crypto Index in virtual currency usage appeared first on Coingape.

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Polkadot Turns Green Amid Market Recovery, This Factor Can Ignite New $DOT Rally

Polkadot (DOT) is among the high flyers in the crypto market today, as the digital currency rode on the back of the ongoing recovery to par off its losses for the past week. At present, Polkadot is up 4.39% to $33.38, its highest price point in the trailing 7-days period.  Polkadot has been sitting on

The post Polkadot Turns Green Amid Market Recovery, This Factor Can Ignite New $DOT Rally appeared first on Coingape.

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Coinbase Hacked: Here’s the Number of Affected People and What led to Hack

Coinbase Inc., the leading public crypto exchange was hacked last night in what many called a complex hack process. The exchange reported that at least 6,000 accounts were hacked and the funds in them were drained. Coinbase sent out a letter to victims affected by the hack revealing that they might have fallen prey to

The post Coinbase Hacked: Here’s the Number of Affected People and What led to Hack appeared first on Coingape.

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Solana (SOL) and UniSwap (UNI) Find A Spot In Grayscale Digital Large Cap fFund

Altcoins are finding major prominence among crypto funds operating in the market. As per the latest development, the world’s largest digital assets manager Grayscale has added Solana (SOL) and Uniswap (UNI) to its Grayscale Digital Large Cap Fund. This comes as part of Grayscale’s portfolio rebalancing. Solana (SOL) has emerged as a strong player in

The post Solana (SOL) and UniSwap (UNI) Find A Spot In Grayscale Digital Large Cap fFund appeared first on Coingape.

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Defi Update: dYdX Trading Volume Nosedives by 80% in 24-Hours, Here’s Why

The trading volume of popular Dex protocol dYdX nosedived by 80% overnight, dropping from a weekly high of $11.06 million to the current volume of $1.90 million. The volume of dYdX spiked over the weekend in the wake of the Chinese crypto ban, where many Chinese traders turned to defi as centralized exchanges such as

The post Defi Update: dYdX Trading Volume Nosedives by 80% in 24-Hours, Here’s Why appeared first on Coingape.

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UNI Token Price Analysis: Sharp Volatile Swings on the 4HR Time Frame, Key RSI Levels to Watch

The UNIUSDT crypto pair started to make sharp up and down swings, following a monthly price close above the June bearish inside bar resistance [29.3803]. This created a massive opportunity for swing traders to track specific trend reversal and continuation chart patterns like the divergence. Let’s dive into it. The bearish trend was confirmed with

The post UNI Token Price Analysis: Sharp Volatile Swings on the 4HR Time Frame, Key RSI Levels to Watch appeared first on Coingape.

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Is The China FUD Going to Be A Boon for DeFi? Data Says So

The recent crackdown by China and its decision to declare crypto transactions illegal has proved to be a boon for decentralized exchanges and the DeFi space. While a majority of the crypto market has been under selling pressure, these DeFi blue chips have seen a major boost in on-chain activity. Data provider Santiment notes that

The post Is The China FUD Going to Be A Boon for DeFi? Data Says So appeared first on Coingape.

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Uniswap, Polkadot Price Analysis: September 29, 2021

Uniswap bulls have eyes on $32, but first, they must successfully break free from the shackles of the descending parallel channel. Polkadot bounces from the demand zone at $25 for the third time in September, targets $30 in the near term. A bearish cloud keeps hovering over the cryptocurrency space; besides, declines have become a

The post Uniswap, Polkadot Price Analysis: September 29, 2021 appeared first on Coingape.

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UNI Token Price Analysis: Sharp Volatile Swings on the 4HR Time Frame, Here’s key Levels to Watch

The UNIUSDT crypto pair started to make sharp up and down swings, following a monthly price close above the June bearish inside bar resistance [29.3803]. This created a massive opportunity for swing traders to track specific trend reversal and continuation chart patterns like the divergence. Let’s dive into it. The bearish trend was confirmed with

The post UNI Token Price Analysis: Sharp Volatile Swings on the 4HR Time Frame, Here’s key Levels to Watch appeared first on Coingape.

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UniSwap (UNI) gains 35% With Trading Volumes Up by 500%, Is it the China Effect?

Uniswap ($UNI), the largest decentralized exchanged (Dex) saw its native token price surge over 35% in the last 24-hours. $UNI rose from a daily low of $17.77 to a daily high of $25.98 as the trading volume for the token saw a 500% rise. Over the past couple of days, Defi tokens have skyrocketed making

The post UniSwap (UNI) gains 35% With Trading Volumes Up by 500%, Is it the China Effect? appeared first on Coingape.

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Ethereum, Uniswap Price Analysis: September 25, 2021

Ethereum leads altcoins into recovery after rebounding from last week’s crash to the 100-day SMA. Uniswap gains 35% in 24 hours, testing the $25 hurdle after leaving support at $17.5 in the rearview. The crypto market is making a comeback in the green with a bang as the week takes off. Trading over the week

The post Ethereum, Uniswap Price Analysis: September 25, 2021 appeared first on Coingape.

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Chainlink, Uniswap Price Analysis: September 14, 2021

Chainlink balances at $30, but the upside to $40 seems highly vulnerable. Uniswap leads cryptocurrency price recovery, accruing more than 11% in gains. The struggle by the bulls to regain complete control of the market continues as the week makes haste to the tail end. Bitcoin has taken back some key lost levels in the

The post Chainlink, Uniswap Price Analysis: September 14, 2021 appeared first on Coingape.

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SOL Price Analysis: Solana (SOL) Falls 35% From All Time High, Here Are the Levels to Watch?

SOL  price has fallen over -35% from its ATH set this week SOL Price has formed a broadening wedge 30MA continues to act as support Will Bulls Hold? Solana (SOL) price has been one of the best performing coins over the last few weeks as prices have risen from $70 to $190 in a little

The post SOL Price Analysis: Solana (SOL) Falls 35% From All Time High, Here Are the Levels to Watch? appeared first on Coingape.

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Solana (SOL) Skyrockets To New Highs Following The Ignition Hackathon

Solana (SOL) took the crypto market by storm when it smashed an all-time high of $145.97 today.  Since early 2021, Solana has demonstrated an aggressive bull rally. The token nailed a whopping growth rate of over +7,500%, acquiring a massive market capitalization of over $41 billion. Very recently, Solana dethroned $DOGE and became the seventh

The post Solana (SOL) Skyrockets To New Highs Following The Ignition Hackathon appeared first on Coingape.

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Uniswap (UNI) Price Breaks Out Of Multi Week Falling Wedge, Here Are The Levels To Watch

UNI price is up nearly 18% over the last week UNI Price just broke out of a falling wedge pattern The 200MA has been acting as support Uniswap (UNI) has brought an amazing solution to the crypto ecosystem as decentralization continues to become more & more used. The ability to trustlessly swap tokens with one

The post Uniswap (UNI) Price Breaks Out Of Multi Week Falling Wedge, Here Are The Levels To Watch appeared first on Coingape.

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SUSHI Price Update: SUSHI Consolidates Within Ascending Channel, Bulls Eye Break Past $15

SUSHI price has risen over 30% the last week SUSHI Price has been respecting an ascending channel 75MA will act as support if necessary Sushi Swap (SUSHI) experienced great hype in the earlier months of this year but has since fallen a bit under the radar. Its main competitor, Uniswap, has still been holding well

The post SUSHI Price Update: SUSHI Consolidates Within Ascending Channel, Bulls Eye Break Past $15 appeared first on Coingape.

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Solana (SOL) Price Surges To New ATH, Will SOL Price Break $70?

SOL Price has surged nearly 60% in the last 24 hours A new ATH was just set at $69 RSI is extremely overbought Can SOL Price Break $70? SOL price has had an amazing week as bulls have pushed price nearly 80%. This price movement comes as not much of a surprise as Solana (SOL)

The post Solana (SOL) Price Surges To New ATH, Will SOL Price Break $70? appeared first on Coingape.

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