The victory of US President Donald Trump continues to reverberate through the crypto market, with Uniswap rallying to hit its four-month high of $9.22 on November 7.
Despite currently trading below the $9 mark, the price of UNI has already recorded a weekly surge of over 28% as Cardano’s weekly pump hits over 72%.
The price of Cardano has seen a significant recovery over the recent days, showing signs of a loss reversal incurred in the last few weeks. Moreover, a recent surge in ADA whales supports this shift.
Uniswap Surging Trend Sparks Optimism: Is $10 Nearby?
Uniswap’s price performance continues to attract significant attention. The UNI token recorded a massive uptrend to trade around the $9.23 mark, with a monthly surge of over 14%. This surge is quite significant compared to the token’s previous stagnation, which started in July.
Among the important factors pointing towards further Uniswap growth is the possibility of forming a golden cross. This might happen if the 50-day EMA trades above the 200-day EMA, increasing investors’ interest as the Golden Cross is normally believed to be a good sign for incoming bullish momentums.
The price of UNI has to defend its support to sustain the upward momentum. This support will allow Uniswap to attempt a break through the $9.25 mark while eying the $10. However, a dip below $8.23 will result in a consolidation phase.
Cardano Price Rally Reclaims 10 Spot
The crypto market saw a sharp spike on Wednesday following President Trump’s win. This excitement fired Cardano’s return to the top ten, ousting TON into eleventh place. Cardano’s price is trading around the $0.581 mark, with a market cap surge of over 15% to hit over 14.9B.
This recent surge in the price of Cardano has also been attributed to the altcoin’s standout developments, including the Liechtenstein-based exchange LCX’s plan to expand support for the Cardano Native token. This move has positioned Cardano among the top gainers, recording a 25% surge in the past three days, according to Santiment data.
This upward momentum fueled by heightened network activity and significant whale transactions also saw the price of Cardano break past the $0.43 mark since July. Moreover, technical indicators such as the RSI at 69 and the 50- and 100-day SMA continue to support a bullish price performance for Cardano that could see the token target at the $1 mark.
New Hybrid Exchange Delivers Over 66% ROI
Lunex Network has already delivered over 66% ROI to early investors. It has rallied to $0.002 from its starting price of just $0.0012. This impressive LNEX price performance has been attributed to the project’s unique features, including its revenue-sharing model.
Moreover, the project allows users to swap over 50K cryptos at lower fees without needing third-party wallets or KYC verification. Its appeal also extends to institutional investors through the Linex Network’s B2B merchant payment gateway with more than 65 free RPC nodes for Web 3 development.
You can find more information about Lunex Network (LNEX) here:
- Website: https://lunexnetwork.com
- Socials: https://linktr.ee/lunexnetwork
Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here.
