Uniswap (UNI) price jumps by 15% in DeFi, cryptocurrency market rebound

Uniswap (UNI) price jumps by 15% in DeFi, cryptocurrency market rebound

Uniswap (UNI) was among the best performers among the top-cap cryptocurrency tokens in the previous 24 hours, logging better gains than some top cryptocurrencies, namely Bitcoin (BTC), Ether (ETH), and Binance Coin (BNB).

On Sept. 15, the UNI/USD exchange rate jumped 13.26% to hit its seven-day high $25.68. Traders continued to bid higher on the pair entering Wednesday, pushing its value higher to $26.07 at one point in time, up more than 15% from the previous session’s open of $22.66.

Market-wide recovery behind UNI gains?

Trending: Was Donald Trump Just Filmed Inside The White House?

A majority of Uniswap’s gains in the previous 24 hours seems to have surfaced in the wake of a market-wide recovery.

For instance, the said timeframe witnessed Bitcoin, the benchmark cryptocurrency that enjoys heavy influence on the rest of the crypto tokens, climbed above $47,000 following a 4.85% upside move on Tuesday. Meanwhile, Ethereum saw its native asset ETH rallying toward $3,500 in a 4.57% price jump.

Elsewhere in the crypto market, Binance Coin, XRP, Dogecoin, Luna, and Chainlink

Continue reading

You Might Like


Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Daily Truth Report • DailyTruthReport.com
Thanks for sharing!
Send this to a friend