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Uniswap (UNI) Closed on a Breakout: Time to Buy?

Uniswap (UNI) Closed on a Breakout: Time to Buy?



Uniswap is a decentralized cryptocurrency exchange protocol that is part of the DeFi ecosystem. Such exchanges operate on smart contracts, which enable permissionless transactions, that operate on the Ethereum network. It is the most popular dapp in the ETH blockchain network.

The Uniswap (UNI) we know about today was not created for transactional purposes. Instead, it was meant to validate the governance of Uniswap development. The more tokens you have, the higher your voting power. By subsequently increasing its circulating supply, the Uniswap development team leaves the governance of this crypto project in the hands of Uni Coin holders.

As it circulated in 2020, it has quickly made its way into the top 10 cryptocurrencies. uniswap It is currently ranked 11th with a market capitalization of $18.5 billion. Out of its maximum supply of 1 billion coins, only 611 million coins are in circulation. Therefore, the valuation of Uniswap is directly reflected in the valuation by the investors themselves.

Uniswap Price Analysis

The fact that the owner of the UNI token owns the Uniswap exchange in terms of further development and voting power makes this coin highly valuable. As of now, Uniswap accommodates daily transactions from over 200 DeFi apps. As trading volumes on decentralized exchanges increase, the value of the Uniswap exchange will increase, ultimately boosting the UNI token valuation. Everything depends on the demand and exchange of ERC-20 tokens, which makes the development of the Ethereum blockchain a stakeholder in its valuation.

Uniswap Price AnalysisUniswap has jumped from a low of $14.02 on July 21 to a new monthly high of $30.77 on September 01, 2021. With a jump of over 100% in value, there is no way for the UNI token to peak. However, the DeFi space is gaining traction very quickly, and with the level of growth in the ERC-20 token, there is an unexpected possibility of reaching new highs.

After taking support from its 200 DMA line for over a month, Uni Coin is now time for a decisive breakout that will help UNI token reach the $50 level. The MACD is close to signal a bullish crossover while the RSI is trading in the above 70 range, all of which point to substantial bullish potential in the crypto-space.

As can be seen on the chart, there has been a sudden increase in trading volume for the UNI token over the past three days, and as it approaches the upper limit of its tighter consolidation, higher volumes are pushing it to cross the immediate resistance level. will help.

Technically, Uniswap has support at the 200 DMA, near $27, followed by price action support at $20-$25, which would be a good buy zone for this cryptocurrency.

Uniswap Price Analysis ChartUniswap is in a clear uptrend, and given the substantial increase in volume, there is no room for retracement. The bullish sentiment on Uniswap could be re-confirmed by the trading price close to the upper band. The RSI indicator is looking at the upper limit of 70 to become an overbought zone. A narrowing at the Bollinger Bands indicates a possible continuation of the upward movement. However, according to us uniswap prediction, take the signals from the daily chart and wait for the success to be confirmed.

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Kusama (KSM) Gains 32% Intraday! What will happen next?

Kusama (KSM) Gains 32% Intraday! What will happen next?

Sharing its digital genome with Polkadot, Kusama is meant to act as an experimental blockchain to provide interoperability and scalability support to developers. In simple words, Kusama aims for developers to test, improve and scale their builds. Furthermore, it relies on consensus-based proof of stake, thus requiring less energy than proof-of-work-based cryptocurrencies.

A total of 8 million KSM tokens are available for trading. What is the entire ecosystem a replica of? polka dot Blockchain network, which is aimed at the enterprise audience. Taking a look at price action on Kusma in recent days, let’s bounce back to technical charts to plot future prospects.

Kusma Price Analysis

KSM has marked a huge breakout candle, but it could be an eccentric candle that destabilized the price action.

Kusma Price AnalysisThe Kusama cryptocurrency is on a growth trajectory but faced resistance at the $350 level, which pushed it back towards the $300 level. After consolidating in a smaller range over a few days, Kusama has broken its shell with a significant upside candle, as seen on most small market cap cryptocurrencies. Most of the coins were profit-booking later, but KSM maintained its lead for the day.

Although it has been falling since early September 01 and tanked over 4%, this candle will be crucial to unlock more decisive price action as KSM is already trading above the upper band of the Bollinger Bands indicator And the RSI is closing in. High buying area. The future may be uncertain, but it is full of possibilities according to us Kusma Price Prediction. If KSM maintains huge gains on Aug 31, 2021, it could reverse some of the buying sentiment.

Kusma Price Analysis ChartRising volume is a cause for concern for both sides of the market, as it can take an asset to new highs or drive it to new lows. Consolidation on KSM broke out with enough volume to retest the $400 level. Buyers will move towards Kusama once it maintains its gains on all time frames and marks an upward trajectory. The RSI has declined towards the neutral level, but the same cannot be said for the price momentum. With support from some investors, KSM could quickly reclaim its all-time high of $600.

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IEEE Europe Africa Blockchain to Host Blockchain Symposium with Local Groups

IEEE Europe Africa Blockchain to Host Blockchain Symposium with Local
Groups

A special virtual event on open ledger technology is being organized by the IEEE Europe and Africa Blockchain Local Groups to raise awareness about blockchain. The event is scheduled on September 8, 2021 between 3-7 PM CET. The registration process for the same is open now. Many experienced experts from the field of Blockchain technology will grace the event and make people aware of the vast opportunities that Open Ledger can bring to them in the future.

Among the keynote speakers, notable names include Dr. Raymond Forbes, Alex Norta, Simon Barducci, Matthew Dotti and Professor Miguel Pupo Correia. In addition, Latif Ladeed, Emmanuel Bertin, and Dr. Andrzej Romanovs will also be part of the panel, where each speaker will have 20 minutes to deliver a speech followed by 5-minute Q&A sessions.

The virtual event will cover various topics related to blockchain technology and is a significant addition to the ongoing events blockchain conference Worldwide. The application of distributed ledger in ETSI and IoT will be part of the discussion. The potential of blockchain-as-a-service in the automotive industry and cloud kitchens will also be part of the agenda for discussion. Guest speakers will also focus on the infrastructure needed to establish a strong blockchain network, with a special focus on Europe. Specific to investors, the topic of discussion will be how to protect investors from crypto assets.

Also on the agenda for discussion is the regulatory and legal framework in Europe, and discussions on the specific topic will be moderated by Alex Norta of Tallinn University of Technology. Speakers participating in this discussion include Anna-Maria Osula, Cyril Onwubiko, Anne Veerapalu and Michael Collen. This discussion is really important from governments, regulators and policy makers across Europe to increase the reach of blockchain by providing the technology with more friendly and open policies.

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Gemini Exchange and Brave Collaborate to Simplify BAT Trading

Gemini Exchange and Brave Collaborate to Simplify BAT Trading

Brave, the leading browser known for rewarding users with the popular Basic Attention (BAT) crypto token, has extended its partnership with Gemini, a robust cryptocurrency exchange, custodian and wallet that facilitates seamless crypto trading.

In the latest development, customers using Brave Rewards will be allowed to deposit their BAT assets into their Gemini account via the powerful Gemini User Wallet. Users who work on Brave will enjoy a plethora of services and get exciting rewarding opportunities for them in just a few clicks.

As part of its partnership over the past year, Gemini offered Brave customers access to a crypto wallet with the Gemini trading widget on the browser network. Users can connect their Brave Rewards wallet to the Gemini portal and spend their BAT tokens securely at supported retail verticals. Residents in the US and Singapore can transfer their BAT assets to Gemini Earn and earn a maximum APY of 3.49% against their holdings. The use of advanced technology, powerful security protocols and compliance transparency have helped the crypto exchange establish its hold in the competitive industry. According to Gemini Review, the collaboration between Brave and Gemini Exchange proved to be a profitable venture for Brave’s 34 million strong community as they got an easy crypto interface in the form of Gemini.

how to use

  • Visit the Brave Rewards page.
  • Link Rewards Wallet to Gemini Account. If a user doesn’t have an account on Gemini, they can open one by following some super easy steps.
  • Interestingly, users can link their Gemini account to up to four Brave Rewards wallet addresses through different user profiles or devices.
  • The BAT payment is transferred as direct deposit to the Gemini account which helps in the quick redemption process.

Gemini Wallet for Brave is available on Brave’s desktop update, while the service will be made available on the browser’s app version in the future.

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Dollar registers profit, though Fed keeps investors guessing

Dollar registers profit, though Fed keeps investors guessing

The dollar gained marginally in Asia on Wednesday, while it continued to trade at its lowest level within a three-week period. Investors treaded cautiously as data on the US job market coming Friday will be crucial to the US Federal Reserve’s asset-cutting strategy.

The dollar climbed to 93.734 on August 20, its highest value in the past nine and a half months. However, since then, the greenback has seen a largely negative rise in value, with some US Fed officials indicating that the tapering process will not begin immediately. US Federal Reserve Chairman Jerome Powell said the asset tapering process could begin in 2021, but refrained from giving a specific date or month. Cleveland Fed Chair Loretta Meester also said the Fed is not entirely confident of inflation data to achieve its price stability objective.

The US Conference Board Consumer Confidence Index was recorded at 113.8, the lowest in the past six months, though the House Price Index Composite rose with a substantial rate of 19.1% in the month of June. The most important parameter to consider for the Fed is labor market data, set to be released this Friday. Labor market recovery is one of the primary conditions for the US Fed to begin the asset tapering process. Hence, forex broker Will take a closer look at the data when it comes into the public domain on Friday.

The value of the US dollar index was down on Tuesday and fell to 92.395 – its lowest value since August 6, 2021. While the USD/JPY rose 0.16% to 110.19, the AUD/USD pair fell 0.01% to 0.7314. On the other hand, USD/CNY rose 0.04% to 6.4633. The GBP/USD pair also lost 0.11% and fell to 1.3739.

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