The DeFi landscape is constantly improving. One of the latest developments is Unichain, the DeFi Layer-2 network of Uniswap (UNI). It launched in early October but how has it impacted the UNI price so far?
On the market front, dogwifhat (WIF), the leading dog-themed memecoin on the Solana blockchain, struggles to reclaim $3. Meanwhile, IntelMarkets (INTL), a new AI crypto, steals the spotlight with its explosive growth in presale. It crossed the $1.6 million fundraising milestone in record time, outshining most new ICOs and capturing market interest.
IntelMarkets (INTL) is at the heart of the current market buzz following its remarkable presale performance. It approaches the $2 million fundraising goal, which experts believe might take a few days. This stellar performance stealing the spotlight from top cryptos like Uniswap (UNI) and dogwifhat (WIF) isn’t surprising.
With the presale selling out fast, savvy investors have been scooping up the token at $0.036 before the price increases to $0.045 in the fifth stage. This price, believed to be competitive, provides a low entry to a projected 75x gain after listing on Tier-1 exchanges.
Besides its significant upside potential, its future transformation of the $264 billion crypto trading market drives demand. Its AI-powered trading platform will provide users with unmatched computing power, alongside tools and features like trading bots, copy trading, diverse asset pairs and up to 1,000x leverage on capital.
Uniswap (UNI) is among the most popular decentralized trading protocols. It assists with the automated trading of tokens, fueling demand for the UNI token and contributing to its ascent as a top 25 cryptocurrency.
Last month, specifically on October 10, Unichain was unveiled—an Ethereum Layer-2 designed for DeFi. The testnet is live, with developers having full access to resources in the Unichain Builder Toolkit, allowing them to build on the chain. With the mainnet launch scheduled for later this year, many can’t help but wonder how it has impacted the price.
The Uniswap price has soared over 8% in the past 30 days, hinting at increased confidence. However, following the recent market downturn, it consolidates on the weekly chart, retailing above $7.8. Meanwhile, TradingView’s exponential moving average (10) reads 7.762, suggesting future upticks. As a top altcoin and a popular name in DeFi, now might be a good time to stack up.
Dogwifhat (WIF) is the leading memecoin on the Solana blockchain after flipping Bonk (BONK) in market size. The dog-themed cryptocurrency led the March meme frenzy, recording an all-time high of $4.8 and cementing its status as one of the top crypto coins. Sadly, it has been downhill since then.
The dogwifhat price is down over 50% from its peak price, changing hands above $2.3—a 7% downswing in the past 7 days. On the bright side, it provides a good entry. Its monthly high of $2.96 was an inch away from $3, which has become a formidable resistance.
However, its MACD level (12, 26) is at 0.02330157, a bearish indicator, the same as the awesome oscillator, which is at 0.02181628, suggesting “sell.” On the other hand, the simple moving average (50) is 2.27011182, hinting at a dogwifhat (WIF) comeback.
The launch of Unichain, the DeFi Layer-2 network of Uniswap (UNI), has been a bullish catalyst. Meanwhile, IntelMarkets (INTL) is in the spotlight after approaching the $2 million fundraising goal, outshining the underwhelming dogwifhat (WIF).
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