Uniswap

Daily

<figure>
 <figcaption>
  Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
<p dir="ltr">Uniswap (UNI) has dusted off some of its accrued losses and is currently leading an altcoin resurgence at the time of writing. Priced at $6.2 after a 16.33%&nbsp;<a href="https://coinmarketcap.com/currencies/uniswap/" rel="noopener noreferrer nofollow">surge</a> over the past 24 hours, the propensity to hit the $10 mark is high, a move that requires about a 58% surge to attain.</p>
<h2 id="uniswap-uni-catalyst-to-watch">Uniswap (UNI) catalyst to watch</h2>
<p dir="ltr">Uniswap currently has many&nbsp;<a href="https://u.today/uniswap-uni-bullish-pattern-breakout-targets-6-details" rel="noopener noreferrer nofollow">bullish upticks</a> to watch out for, including but not limited to its whale transaction count, active addresses and daily volume. By working in tandem, these three catalysts have the propensity to reposition UNI as the decentralized finance (DeFi) superstar it once was.</p>
<p dir="ltr">Data from crypto analytics platform IntoTheBlock (ITB)&nbsp;<a href="https://app.intotheblock.com/coin/UNI/deep-dive?group=financials&amp;chart=largeTransactions" rel="noopener noreferrer nofollow">shows</a> a 175.35% surge in large transactions on the Uniswap network valued at a volume of $41.61 million.</p> <img data-entity-type="file" data-entity-uuid="efd66ec9-8a08-488e-b295-fa5d97365f73" src="https://u.today/sites/default/files/inline-images/UNIWT.jpg"><a href="https://app.intotheblock.com/coin/UNI/deep-dive?group=financials&amp;chart=largeTransactions" rel="noopener noreferrer nofollow">UNI Whale Transaction Chart by IntoTheBlock</a>
<p dir="ltr">By definition, large transactions are those worth over $100,000 or more. Per the data, UNI whale transactions jumped from 36 on Nov. 21 to 135 within a 24-hour time span.</p>
<p dir="ltr">Likewise, there is a visible uptick of 60.15% in the number of Daily Active Addresses associated with the UNI ecosystem. Per the figures, a total of 1,700 UNI addresses are active, with 701 addresses reacted recently. Of the total, 456 addresses hold zero balances, a figure that increased slightly recently.</p>
<h2 id="balancing-with-retail-push">Balancing with retail push</h2>
<p dir="ltr">The potential of Uniswap to climb the projected height toward $10 in the midterm will not be possible unless the third element aligns. This is the action of its retail holders as showcased in the overall trading volume, which has soared by 56.06% to $456,406,192.</p>
<p dir="ltr">Should this trading volume and other highlighted metrics continue to soar, the bullish sentiment surrounding UNI will heighten and might eventually translate into more growth. Despite the&nbsp;<a href="https://u.today/uniswap-uni-founder-apologized-for-attempt-to-take-down-v4-fork" rel="noopener noreferrer nofollow">plausible setbacks</a> it might face ahead, these on-chain metrics and other&nbsp;<a href="https://u.today/uniswap-uni-releases-new-code-draft-heres-what-changed" rel="noopener noreferrer nofollow">fundamental trends</a> can help UNI regain its lost momentum.</p>

3 Catalysts to Watch as Uniswap (UNI) Sets Stage for Potential 58% Surge

Table of Contents

U_Today

Other articles published on Nov 23, 2023

Bitcoin Spot ETF: What Was The Result Of The Meeting Between The SEC And BlackRock?

Crypto Bull Run To Continue In The Coming Days, Here’s Why

Canadian Firm Set To Launch New XRP ETP In Europe Next Month

FTT Token Witnesses Over 20% Surge Amidst Recent Developments

Harvest Global Investments pioneers tokenized bond fund in Asia

Whale Buys $5.5M Of ETH: Will Ethereum Bulls Cruise Past $2,100?

Join our free newsletter for daily crypto updates!