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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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Craig Wright Invites Elon Musk to Discuss Bitcoin Issues

Bitcoin white paper author Craig Wright has extended a personal invitation via a video message to Tesla CEO Elon Musk to talk about bitcoin and blockchain issues. coin geek conference Happening October 5 to 7, at The Sheraton, Times Square in New York.

You and I both have a long history in innovation, especially in terms of payments. Your transformational work at x.com and mine as Satoshi Nakamoto invented bitcoin, a system designed as a simple digital cash system. We can work together to change things. More personally, we’ve both had to deal with malicious and vicious critics. Time has shown that we were simply living in a future they had not yet recognized. We are inviting people to join us in building the future in New York. I hope you will take me up on this offer to join me in resolving these issues,

Wright said in a video addressed to Musk.

Several months ago, Musk posted a tweet alluding to his company’s move to stop accepting BTC payments for car purchases due to the extremely high energy consumption of bitcoin mining using fossil fuels, particularly coal. which is bad for the environment. Musk is a known advocate of sustainable energy, as evidenced by Tesla’s products which include electric cars and home solutions using solar and renewable energy.

according to a optimistic estimate, it takes 5,500 kilowatt-hours to mine one BTC, which is about half the annual electricity consumption of a typical American household. Since BTC operates on a scalable blockchain with a 1MB block size cap, a throughput of only seven transactions per second (TPS), and high fees that currently average $2.79 per transaction, its energy consumption far outweighs its benefits. Is.

In a recent panel discussion about “Bitcoin as a Tool for Economic Empowerment“Musk gets to the root of the problem of BTC not being sustainable.

Bitcoin by itself cannot scale to being a monetary system for the world at a base level. But with the second layer, it depends on how the second layer is applied

bitcoinatscale transactionsHowever, ETH itself is proof that creating a second-layer solution is not as effective as scaling the base layer, which is the blockchain, as evidenced by its high gas fees at a current average of $23.86 per transaction and a throughput of only 30. With proof of this. TPS On the other hand, BSV is already processing 2GB blocks with a throughput of over 5,000 TPS at the current average fee of $0.037 per transaction. Currently, BSV is already the largest public blockchain in the world by daily transaction volume, data storage, scaling capacity, and average block size.

Scaling is important, and Bitcoin SV is capable of massive on-chain scaling at the base layer, or using less than 1% of the energy of the current BTC ecosystem. This is your definitive answer to your concerns about bitcoin and the environment. Scaling also means that transaction fees are so small that the average user will not know they exist. And on the BSV blockchain, they will remain small regardless of the transaction volume on the network,

Wright pointed.

Seeing for himself whether Wright’s claims have merit should be the prime reason for accepting Musk’s invitation. If Musk is serious in his statement that he “wants to see bitcoin succeed,” he should keep an open mind and, after discussions with Wright, decide whether BSV is a reincarnation of the original bitcoin, which the creator himself supports. has, in fact, solved the issues he has with bitcoin.

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OpenOcean collects avalanche for better liquidity and optimized trading

OpenOcean collects avalanche for better liquidity and optimized trading

OpenOcean, a DeFi and CeFi aggregator, has now integrated Avalanche with its leading DEXes Baguette, Lydia.Finance, SushiSwap, Trader Joe and Pangolin. This inclusion buys liquidity from multiple Avalanche DEXs, giving users the best price gains and low volatility while exchanging avalanche-focused resources on OpenOcean. OpenOcean has participated in a number of DEXs, and Avalanche is another feather in its cap, along with the Binance-backed CEX and predecessor DeFi platform. Cindy, co-founder of OpenOcean, said that in the wake of the support it has received from 10,000 community members, Assimilation has taken steps to integrate DeFi’s most trusted partner into the ecosystem.

The convenience and supremacy of OpenOcean’s token $OOE is assigned to Avalanche. $OOE can be swapped to and from Avalanche and Ethereum via the AnySwap bridge. To complete the swap, customers need to select the ‘AVAX Mainnet’ wallet and connect it to initiate the transition between Avalanche and Ethereum. AB Bridge was launched sometime back by Avalanche to transfer identifiable ERC-20 tokens from Avalanche and Ethereum. This was done to increase interoperability and take care of the problem of individual blockchain networks. OpenOcean currently supports AB Bridge. OpenOcean is also planning to release cross-chain applications. This will help users to transfer and swap assets in Avalanche and Ethereum at the most affordable prices.

Avalanche as a blockchain ecosystem has been growing at an alarming pace since its inception in September 2020. OpenOcean integrates Avalanche due to its superior protocol and stellar reputation of building over 230 top-level DeFi projects such as The Graph, Circle, Chainlink, and Sushi Swap. OpenOcean and Avalanche Protocol can work together to provide immense value to users. according to avalanche forecast According to the report, Avalanche is the fastest in the blockchain space in terms of smart contracts measured in real time. It has the maximum number of validators ensuring security for any proof-of-stake process.

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Lithium Finance collaborates with Pantera Capital for an unexpected price

Lithium Finance collaborates with Pantera Capital for an unexpected
price
  • Lithium will now receive pricing data from top crypto VCs and investment funds on illiquid or private assets.
  • Early-joiners to the blockchain domain, such as blockchain companies, will be helped by this pricing feature.
  • This collaboration is the result of Lithium’s plan to advance legal assets within the DeFi ecosystem.

Lithium Finance has come up with a solution that will help them in pricing their non-priced assets. It has included Pantera Capital as one of its Wisdom nodes. Pantera Capital is America’s leading hedge fund that specializes in cryptocurrencies and also supports early stage crypto investments. It is the first, fully cryptocurrency dedicated investment firm. The firm has gained huge popularity in the domain. It will assist those seeking knowledge of lithium by obtaining pricing information for properties that were previously difficult to price.

Lithium’s ecosystem has always faced problems in the area of ​​pricing. The interaction between Wisdom Seekers and Wisdom Nodes plays an important role in obtaining price information. The DMI feature helps in landing on the right answer on pricing. It does this by offering rewards to the nodes that give the true response. Nodes providing baseless or malicious information are penalized.

Pantera Capital’s collaboration with Lithium adds to the names of reputable firms that can price non-liquid or private assets. The collaboration is expected to help bridge the gap between blockchain start-ups and DeFi investments and capital.

According to David Lighton, co-founder of Lithium Finance, Pantera Capital is a privileged addition to the ecosystem. This is beneficial for knowledge seekers who require accurate pricing on assets of a private nature such as novice blockchain companies. They are on track to expand their spectrum of Wisdom nodes and seekers to support their product rollout.

The market also sees the partnership as a big step forward for the community. This will undoubtedly help newcomers to the community.

According to Paul VereditKit, partner at Pantera Capital, pricing is a tough challenge as they bring liquid or private assets from the real world to the DeFi space. It is quite exciting to see Lithium leverage decentralized knowledge to create an oracle solution that will ultimately help DeFi face the future.

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