The price of the Uniswap cryptocurrency, that’s behind one of the largest DEXs by trading volume today, is down 35% from its Q1, 2023 peak. However, data from Etherscan indicates that there has been an increase in the number of holders for the cryptocurrency, indicating that its bear run could stop soon.
Cardano has also begun to recover, indicating a motivating momentum for the cryptocurrency and bringing back confidence in the minds of investors. Tradecurve began Stage 3 of its presale and has already sold over 3,257,000 tokens, indicating that there is genuine interest in the project.
Uniswap’s Bear Run and How It’s Closing
From the span of May 13 to May 28, there has been an increase in the holders of the UNI cryptocurrency from 369,646 to 370,294. The price of the UNI cryptocurrency has remained stable and has found support at around $4.9. Its price has increased since then and has risen to its highest point in the past two weeks at $5.10. The number of holders of the cryptocurrency may not directly lead to an increase in the value of the price, but it does clear up the air when it comes to its demand.
On May 28, 2023, UNI traded at $5.06. In the previous 30 days, the cryptocurrency saw a decrease of 7.4%, but in the last 24 hours, it climbed by 1.3%. Investors are beginning to gain confidence in the future of UNI’s value, but it is not the only cryptocurrency to recover.
Cardano’s Recovery and Future
One of the most renowned crypto analysts and founder of Crypto Capital Venture recently released a video where he discussed the future of the Cardano cryptocurrency.
Dan Gambardello went over the value and the concerns surrounding the completion time of the swaps of DEXs built on top of the blockchain. During the video, he went into a deep analysis of its current situation. Based on the observations made, Cardano is at a critical point in time where it can experience either a huge upward spike or a sharp decline. The analysts noted that if ADA diverges from a bear market, it could experience a bullish outlook to signal a positive trend.
As of May 28, 2023, ADA trades at $0.378299. In the last week alone, the cryptocurrency jumped in value by 5.2%. In the last 24 hours, Cardano increased by 3.7%, indicating that it is in the green zone.
Stage 3 of the Tradecurve Presale Has Started, and Investors Are Curious
TCRV is the native cryptocurrency behind Tradecurve and has now entered Stage 3 of its presale. In this stage, the cryptocurrency jumped in value from $0.012 to $0.015 and has sold a total of 3,257,564 tokens as of May 28, 2023, indicating that the demand for Tradecurve is high.
Tradecurve grabbed a significant amount of attention from investors and traders by being a hybrid platform that focuses on decentralization and does not require users to complete KYC in order to begin making trades on top of the network.
Each user can deposit a supported cryptocurrency and use it as collateral whenever they make trades of cryptocurrencies or any supported derivative. Moreover, the team will implement Proof of Reserves (PoR) and a dedicated Trading Academy.
Users can also create custom trading bots with AI and will access high leverage starting at 500:1. With its current momentum, analysts predict the TCRV token to jump 100x in value at launch, and the team aims to onboard 100,000 users in the first three months of its operation.
Get more information surrounding TCRV and its presale at the links below:
Click Here To Buy TCRV Presale Tokens
