{"id":609795,"date":"2024-05-25T09:47:52","date_gmt":"2024-05-25T09:47:52","guid":{"rendered":"https:\/\/ktsl888.com\/?p=609795"},"modified":"2024-07-11T08:23:18","modified_gmt":"2024-07-11T08:23:18","slug":"uniswap-shoots-past-10-on-15-price-explosion-heres-the-trigger","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/uniswap-shoots-past-10-on-15-price-explosion-heres-the-trigger\/","title":{"rendered":"Uniswap Shoots Past $10 On 15% Price Explosion – Here’s The Trigger"},"content":{"rendered":"

The native token of Uniswap, UNI, has bucked the trend in a week of consolidation across the bitcoin market by rising over 15%, above the $10 threshold<\/a>. Positive changes in the Ethereum ecosystem and Uniswap’s continuous legal struggle with the US Securities and Exchange Commission (SEC) define this optimistic run.<\/span>
\n<\/span><\/p>\n

Related Reading: Tiny Pepe, Big Dreams: Memecoin Explodes, Eyes Dominance In The Dog House<\/a><\/div>\n

Riding The Ethereum Wave<\/strong><\/h2>\n

Beyond the legal dispute, UNI’s price is rising thanks in part to the present enthusiasm within the Ethereum community<\/a>. On-chain data shows substantial whale withdrawals from crypto exchanges following announcements of a possible Ethereum ETF.<\/p>\n

\n

Another fresh wallet withdrew 213,166 UNI($1.96M) from #Binance<\/a> just now.https:\/\/t.co\/u15CE864hm<\/a> pic.twitter.com\/kyOBv0TB5G<\/a><\/p>\n

\u2014 Lookonchain (@lookonchain) May 24, 2024<\/a><\/p><\/blockquote>\n

Along with the general positive attitude about Ethereum, this flight to safety is having a knock-on effect that helps UNI, a major participant in the Ethereum DeFi scene.<\/span>
\n<\/span><\/p>\n

Technically, UNI’s departure from a monthly consolidation period has a bright future. Technical signs as well as on-chain data point to UNI maybe raising their price by 25%.<\/p>\n

\"\"
Source: Lookonchain<\/figcaption><\/figure>\n

The token’s recent advance suggests a possible bull run; assuming the present trend keeps, analysts see a price objective of $12.80.<\/span>
\n<\/span><\/p>\n

Fuel for the fire comes from Santiment’s Age Consumed indicator, which tracks inactive token movement. Usually preceded by price swings, spikes in this indicator seem to have foretold UNI’s present rise by late portion of April.<\/p>\n

This on-chain indicator suggests that investors are waking to UNI’s potential, therefore supporting its optimistic view.<\/span>
\n<\/span><\/p>\n

Short Sellers Get Burned As Bulls Take Charge<\/strong><\/h2>\n

Moreover accompanying the recent price surge has been a notable increase in trading activity. Data from Coinalyze exposes almost $1 million in Uniswap liquidations over the last day.<\/p>\n

Over $750,000, most of these liquidations were short positions, meaning traders opposing UNI are under fire.<\/span> More traders going long on UNI and this increase in open interest help to enhance the bullish control on the price of the token.
\n<\/span><\/p>\n

UNI is currently trading at $10,8. Chart: TradingView<\/a><\/figcaption><\/figure>\n

Uniswap Takes A Stand Against The SEC<\/strong><\/h3>\n

Investors, who saw this act of rebellion as a hopeful indication of Uniswap’s future, have gained confidence from it Recently the regulatory agency issued a Wells notice to the popular distributed exchange (DEX), claiming UNI is a security.<\/span> Uniswap has promised to contest this assertion, nevertheless, claiming that the SEC’s case is weak.
\n<\/span><\/p>\n

Related Reading: Ethereum Eyes $4,000 Comeback Fueled By Bullish Buying Spree<\/a><\/div>\n

Uniswap’s SEC complaint is still pending, hence a negative result could sour investor attitude. UNI’s price can yet be affected by a larger market corrections.<\/p>\n

Featured image from Wallpapers, chart from TradingView<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The native token of Uniswap, UNI, has bucked the trend in a week of consolidation across the bitcoin market by rising over 15%, above the $10 threshold. Positive changes in the Ethereum ecosystem and Uniswap’s continuous legal struggle with the US Securities and Exchange Commission (SEC) define this optimistic run. Related Reading: Tiny Pepe, Big Dreams: Memecoin Explodes, Eyes Dominance In The Dog House Riding The Ethereum Wave Beyond the legal dispute, UNI’s price is rising thanks in part to the present enthusiasm within the Ethereum community. On-chain data shows substantial whale withdrawals from crypto exchanges following announcements of a possible Ethereum ETF. Another fresh wallet withdrew 213,166 UNI($1.96M) from #Binance just now.https:\/\/t.co\/u15CE864hm pic.twitter.com\/kyOBv0TB5G \u2014 Lookonchain (@lookonchain) May 24, 2024 Along with the general positive attitude about Ethereum, this flight to safety is having a knock-on effect that helps UNI, a major participant in the Ethereum DeFi scene. Technically, UNI’s departure from a monthly consolidation period has a bright future. Technical signs as well as on-chain data point to UNI maybe raising their price by 25%. The token’s recent advance suggests a possible bull run; assuming the present trend keeps, analysts see a price objective of $12.80. Fuel for the fire comes from Santiment’s Age Consumed indicator, which tracks inactive token movement. Usually preceded by price swings, spikes in this indicator seem to have foretold UNI’s present rise by late portion of April. This on-chain indicator suggests that investors are waking to UNI’s potential, therefore supporting its optimistic view. Short Sellers Get Burned As Bulls Take Charge Moreover accompanying the recent price surge has been a notable increase in trading activity. Data from Coinalyze exposes almost $1 million in Uniswap liquidations over the last day. Over $750,000, most of these liquidations were short positions, meaning traders opposing UNI are under fire. More traders going long on UNI and this increase in open interest help to enhance the bullish control on the price of the token. Uniswap Takes A Stand Against The SEC Investors, who saw this act of rebellion as a hopeful indication of Uniswap’s future, have gained confidence from it Recently the regulatory agency issued a Wells notice to the popular distributed exchange (DEX), claiming UNI is a security. Uniswap has promised to contest this assertion, nevertheless, claiming that the SEC’s case is weak. Related Reading: Ethereum Eyes $4,000 Comeback Fueled By Bullish Buying Spree Uniswap’s SEC complaint is still pending, hence a negative result could sour investor attitude. UNI’s price can yet be affected by a larger market corrections. Featured image from Wallpapers, chart from TradingView<\/p>\n","protected":false},"author":557,"featured_media":609798,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[142,6664,14690,3504,82849,80532],"class_list":["post-609795","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-crypto","tag-crypto-news","tag-price","tag-uni","tag-uniswap"],"acf":[],"yoast_head":"\nUniswap Shoots Past $10 On 17% Price Explosion - Here's The Trigger<\/title>\n<meta name=\"description\" content=\"The native token of Uniswap, UNI, has bucked the trend in a week of consolidation across the bitcoin market by rising over 15%, above the $10 threshold.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ktsl888.com\/news\/uniswap-shoots-past-10-on-15-price-explosion-heres-the-trigger\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Uniswap Shoots Past $10 On 17% Price Explosion - 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/ktsl888.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Uniswap Shoots Past $10 On 15% Price Explosion – Here’s The Trigger","url":"http:\/\/ktsl888.com\/news\/uniswap-shoots-past-10-on-15-price-explosion-heres-the-trigger\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/uniswap-shoots-past-10-on-15-price-explosion-heres-the-trigger\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/A_e74556.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/A_e74556.jpg?fit=1920%2C1080"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoins","crypto","crypto news","price","uni","uniswap"],"dateCreated":"2024-05-25T09:47:52Z","datePublished":"2024-05-25T09:47:52Z","dateModified":"2024-07-11T08:23:18Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Uniswap Shoots Past $10 On 15% Price Explosion – Here’s The Trigger\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/uniswap-shoots-past-10-on-15-price-explosion-heres-the-trigger\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/uniswap-shoots-past-10-on-15-price-explosion-heres-the-trigger\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/A_e74556.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/A_e74556.jpg?fit=1920%2C1080\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoins\",\"crypto\",\"crypto news\",\"price\",\"uni\",\"uniswap\"],\"dateCreated\":\"2024-05-25T09:47:52Z\",\"datePublished\":\"2024-05-25T09:47:52Z\",\"dateModified\":\"2024-07-11T08:23:18Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/05\/A_e74556.jpg?fit=1920%2C1080","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/609795"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=609795"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/609795\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/609798"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=609795"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=609795"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=609795"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}