{"id":683789,"date":"2024-04-23T00:43:47","date_gmt":"2024-04-22T22:43:47","guid":{"rendered":"https:\/\/www.crypto-news-flash.com\/?p=683789"},"modified":"2024-04-23T00:43:47","modified_gmt":"2024-04-22T22:43:47","slug":"uniswap-uni-poised-for-rally-post-bitcoin-halving-on-chain-data-suggests","status":"publish","type":"post","link":"https:\/\/crypto-news-flash.com\/de\/uniswap-uni-poised-for-rally-post-bitcoin-halving-on-chain-data-suggests\/","title":{"rendered":"Uniswap (UNI) Poised for Rally Post-Bitcoin Halving, On-Chain Data Suggests"},"content":{"rendered":"<ul>\n<li><b>Uniswap is in recovery mode as Bitcoin Halving ushered in a bullish sentiment.<\/b><\/li>\n<li><b>The exchange and underlying token have seen an impressive upsurge in volume and price respectively.<\/b><\/li>\n<\/ul>\n<hr \/>\n<p><a href=\"https:\/\/www.crypto-news-flash.com\/de\/?p=460448\"><span style=\"font-weight: 400;\">Uniswap<\/span><\/a><span style=\"font-weight: 400;\"> (UNI), a leading player in the Decentralized Finance (DeFi) ecosystem is showing bullish signs in the aftermath of Bitcoin\u2019s (BTC) recent halving event. According to on-chain data from SpotOnChain, a whale was seen withdrawing a large amount of UNI from Binance exchange.<\/span><\/p>\n<h3><b>Whale Activity Surges on Uniswap<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Per the details, the whale with the address 0x84d withdrew 121,871 UNI valued at $954,000. Notably, this was the whale&#8217;s first large transaction since the wallet was formed two months ago. If the recent movement of a whale is any indication, UNI could see a substantial increase in the coming weeks.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Recall that just a few weeks ago, UNI plummeted when the US Securities and Exchange Commission (SEC) openly stated that it might sue Uniswap Labs, the Web3 entity behind the token\u2019s creation. As <\/span><a href=\"https:\/\/www.crypto-news-flash.com\/de\/rechtliche-schritte-der-sec-gegen-uniswap-befuerchtet-kurs-faellt-17-und-wale-machen-kasse\/\"><span style=\"font-weight: 400;\">formerly reported by Crypto News Flash<\/span><\/a><span style=\"font-weight: 400;\">, this announcement sparked Fear, Uncertainty, and Doubt (FUD) surrounding the token. Aside from that, UNI\u2019s market price dropped to $5.86.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">However, over the last seven days, the cryptocurrency\u2019s value has climbed by 8.31%, trading at $7.81. The Market Value to Realized Value (MVRV) ratio suggests high demand for the token. Recent data from DeFiLlama shows the Total Value Locked (TVL) has risen 138% in the past 30 days.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This rise indicates that traders and investors found the protocol to be trustworthy. It is also possible for UNI&#8217;s price to approach an all-time high if the TVL continues to grow near 2021 levels, as it has in recent weeks.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The renewed investor sentiment for UNI is fuelled by expectations that Bitcoin&#8217;s recent halving event would assist in shifting market dynamics. While the halving was bad news for miners whose incentives have been slashed, the consequent scarcity is expected to propel the price of UNI further. Besides the halving event, the upcoming altcoin season might also help propel UNI\u2019s price, as targets between $15 and $20 could be possible.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">At the time of writing, UNI is trading at <span style=\"color: #339966;\">$8.03<\/span>, demonstrating a price increase of <span style=\"color: #339966;\">2.28%<\/span> in the past day. Also, the market capitalization is up <span style=\"color: #339966;\">2.27%<\/span> to <span style=\"color: #339966;\">$4.8<\/span> billion, while trading volume stands at $103 million.<\/span><\/p>\n<p><span data-sheets-root=\"1\" data-sheets-value=\"{&quot;1&quot;:2,&quot;2&quot;:&quot;&quot;}\" data-sheets-userformat=\"{&quot;2&quot;:513,&quot;3&quot;:{&quot;1&quot;:0},&quot;12&quot;:0}\"><div class=\"cryptoboxes\" id=\"mcw-435421\" data-realtime=\"on\"><div class=\"mcw-chart mcw-chart-light\" data-font = \"inherit\" data-coin = \"uniswap\" data-symbol = \"UNI\" data-currency = \"USD\" data-rate = \"1\" data-type = \"chart\" data-view = \"day\" data-theme = \"light\" data-smooth = \"true\" data-areacolor = \"\" data-bgcolor = \"\"><\/div><\/div><\/span><\/p>\n<h3><b>Uniswap\u2019s Record-Breaking Performance<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">Reiterating <\/span><a href=\"https:\/\/www.crypto-news-flash.com\/de\/uniswap-hat-rekordsumme-von-250-mrd-dollar-auf-l2-blockchains-kursanstieg-auf-10-dollar\/\"><span style=\"font-weight: 400;\">Crypto News Flash\u2019s earlier reports<\/span><\/a><span style=\"font-weight: 400;\">, Uniswap reached a remarkable milestone, recording $250 billion in trading volume on its Layer-2 (L2) platforms such as Arbitrum, Polygon, Optimism, and Base. This milestone demonstrates the increasing adoption and efficiency of L2 technologies intended to manage huge transaction volumes while lowering gas costs, and improving user experience.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This development comes after Uiswap\u2019s total cumulative trade volume rose beyond $2 trillion, according to a <\/span><a href=\"https:\/\/www.crypto-news-flash.com\/de\/uniswap-erreicht-zwei-billionen-dollar-handelsvolumen-ein-veritabler-defi-meilenstein\/\"><span style=\"font-weight: 400;\">prior report by Crypto News Flash<\/span><\/a><span style=\"font-weight: 400;\">. Uniswap Foundation\u2019s executive director Devin Walsh emphasized that the platform\u2019s immutable code and streamlined governance structure guarantee consistency in the \u201crules\u201d for developers, traders, and liquidity providers.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Uniswap is in recovery mode as Bitcoin Halving ushered in a bullish sentiment. The exchange and underlying token have seen an impressive upsurge in volume and price respectively. Uniswap (UNI), a leading player in the Decentralized Finance (DeFi) ecosystem is showing bullish signs in the aftermath of Bitcoin\u2019s (BTC) recent halving event. According to on-chain<\/p>\n","protected":false},"author":72,"featured_media":464988,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-683789","post","type-post","status-publish","format-standard","has-post-thumbnail"],"acf":[],"_links":{"self":[{"href":"https:\/\/crypto-news-flash.com\/de\/wp-json\/wp\/v2\/posts\/683789","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/crypto-news-flash.com\/de\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crypto-news-flash.com\/de\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crypto-news-flash.com\/de\/wp-json\/wp\/v2\/users\/72"}],"replies":[{"embeddable":true,"href":"https:\/\/crypto-news-flash.com\/de\/wp-json\/wp\/v2\/comments?post=683789"}],"version-history":[{"count":0,"href":"https:\/\/crypto-news-flash.com\/de\/wp-json\/wp\/v2\/posts\/683789\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crypto-news-flash.com\/de\/wp-json\/wp\/v2\/media\/464988"}],"wp:attachment":[{"href":"https:\/\/crypto-news-flash.com\/de\/wp-json\/wp\/v2\/media?parent=683789"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crypto-news-flash.com\/de\/wp-json\/wp\/v2\/categories?post=683789"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crypto-news-flash.com\/de\/wp-json\/wp\/v2\/tags?post=683789"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}