The Uniswap cryptocurrency (UNI) reached new highs this Sunday (31) by surpassing US $ 20 in the early hours of the morning and XRP operates at a 50% increase today, with gains of 75% on the week.
In addition, Dogecoin also values 50% the day after a strong correction. The currency appreciated 330% in the last week driven by groups on social networks disgusted by Wall Street.
Uniswap and XRP
The native governance token of the DeFi Uniswap platform, UNI, which surpassed $ 20 in the morning, setting a new record and raising UNI’s market capitalization to $ 5 billion, is now the second largest DeFi token on the market.
Uniswap’s trading volume remains high. Uniswap’s governance token empowers your decentralized exchange. According to Uniswap’s protocol analysis, just under $ 800 million in cryptocurrencies has been traded on the exchange in the past 24 hours. This is a daily increase of ten percent, keeping Uniswap (V2) at the top of decentralized exchanges.
On XRP, when the US Securities and Exchange Commission last month filed a lawsuit against Ripple, the company whose founders created XRP, the market plummeted. But the XRP market rebounded this week.
In part, this follows Ripple’s legal response, attached on Friday, which sought to refute the SEC’s arguments. However, Larry Cermak, research director at The Block, attributed this to the actions of a Telegram group of pump and dump. Whatever the reason, the price of the currency has skyrocketed.