Crypto Potato
2025-05-12 03:27:45

Uniswap News FUD an Opportunity to Buy an Altcoin at Value?

UNI tokens for the Ethereum-powered decentralized crypto exchange went parabolic in price over a 34-day rally from Nov. 4 to Dec. 8, last year. Since then, they’ve been falling in price, correcting over five months until this Thursday. For most of that time, UNI was moving in line with its currency peers by market cap. The center of gravity for everything fell in February and March, stocks included, as markets shuddered from the Trump shock, took profits on a large swath of unrealized gains, and sent their taxes to the federal government. Uniswap Tokens Lap Bitcoin in 48 Hours So, there wasn’t anything necessarily wrong with Uniswap or UNI; it was just that the market had overbought and then corrected. This happens frequently in crypto markets, which move very fast compared to the NYSE and Nasdaq. Over the past 30 days, Uniswap and Bitcoin both posted a 33% green candle, but only because UNI flew up the chart starting on Wednesday, from $4.80 to $6.30 in under 48 hours. If UNI had remained trading sideways at the previous level before the massive 31% green day, it would have almost ended the month at a loss. Certainly, by opportunity cost, a Bitcoin maxi might say it was something like shorting BTC for that 33% ride up and getting squeezed out. Did The UNI Delegate Beef Stir The Markets? But, the Ethereum DEX (decentralized exchange) token pulled out a win for Friday’s 30D price chart, staying on parity with Bitcoin. That’s despite the crypto news FUD (fear, uncertainty, and doubt) over some supposed drama at the Uniswap Foundation. A veteran DAO (decentralized autonomous organization) delegate, who goes by the screen name Pepo, quit the UNI DAO on May 5 and published a short manifesto, vague-posting their discontents with the Uniswap Foundation. Did altcoin traders following sources familiar with the DAO beef just reward UNI for sticking in Pepo’s craw this week? https://t.co/tfeJYc4lVT — PEPO (@0xPEPO) May 5, 2025 “There are people in this governance who continue to act with clarity, integrity, and grit,” Pepo wrote, “not because it’s rewarded, but because it’s right [ … ] I saw you. I respect you. And I thank you.” Uniswap Foundation said a day later, “[Uniswap is] the only major Protocol Foundation that is funded through the express approval of delegates.” The post Uniswap News FUD an Opportunity to Buy an Altcoin at Value? appeared first on CryptoPotato .

获取加密通讯
阅读免责声明 : 此处提供的所有内容我们的网站,超链接网站,相关应用程序,论坛,博客,社交媒体帐户和其他平台(“网站”)仅供您提供一般信息,从第三方采购。 我们不对与我们的内容有任何形式的保证,包括但不限于准确性和更新性。 我们提供的内容中没有任何内容构成财务建议,法律建议或任何其他形式的建议,以满足您对任何目的的特定依赖。 任何使用或依赖我们的内容完全由您自行承担风险和自由裁量权。 在依赖它们之前,您应该进行自己的研究,审查,分析和验证我们的内容。 交易是一项高风险的活动,可能导致重大损失,因此请在做出任何决定之前咨询您的财务顾问。 我们网站上的任何内容均不构成招揽或要约