Uniswap’s Recent Decision Spark Speculation of a DeFi Season
- MKR broke the $2,065 resistance, suggesting a climb above $2,200.
- Despite random pullbacks, the EMAs indicated that LDO might rise to $4.
- Increasing volatility along with upward momentum could push RLD toward $0.20.
Uniswap’s decision to share its revenue with stakers and delegators has brought life to other DeFi projects. There was speculation on X (formerly Twitter) that the liquid staking project Lido Finance (LDO) might follow suit.
Other projects that have also gotten attention as a result of the development include MakerDAO (MRK) and Rollbit Coin (RLB). However, Coin Edition’s assessment of the market showed that the prices of the tokens have had different performances in the last seven days.
At press time, MKR remained above $2,000. But this was almost the same value as it was seven days ago. For LDO, the price increased by 0.57% in the last seven days, while RBL climbed by a staggering 15.62%.
Maker (MRK)
From the 4-hour MKR/USD chart, bulls had broken the resistance at $2,065, indicating that an extended rally could be close. Furthermore, the previous selling pressure had been neutralized by a support at $2,025.
As it stands, intense …
The post Uniswap’s Recent Decision Spark Speculation of a DeFi Season appeared first on Coin Edition.
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Uniswap’s Recent Decision Spark Speculation of a DeFi Season
- MKR broke the $2,065 resistance, suggesting a climb above $2,200.
- Despite random pullbacks, the EMAs indicated that LDO might rise to $4.
- Increasing volatility along with upward momentum could push RLD toward $0.20.
Uniswap’s decision to share its revenue with stakers and delegators has brought life to other DeFi projects. There was speculation on X (formerly Twitter) that the liquid staking project Lido Finance (LDO) might follow suit.
Other projects that have also gotten attention as a result of the development include MakerDAO (MRK) and Rollbit Coin (RLB). However, Coin Edition’s assessment of the market showed that the prices of the tokens have had different performances in the last seven days.
At press time, MKR remained above $2,000. But this was almost the same value as it was seven days ago. For LDO, the price increased by 0.57% in the last seven days, while RBL climbed by a staggering 15.62%.
Maker (MRK)
From the 4-hour MKR/USD chart, bulls had broken the resistance at $2,065, indicating that an extended rally could be close. Furthermore, the previous selling pressure had been neutralized by a support at $2,025.
As it stands, intense …
The post Uniswap’s Recent Decision Spark Speculation of a DeFi Season appeared first on Coin Edition.
Read More