{"id":43527,"date":"2023-08-02T10:50:19","date_gmt":"2023-08-02T14:50:19","guid":{"rendered":"https:\/\/ifintechworld.com\/markets\/crypto\/is-it-too-late-to-buy-uniswap-uni-price-rises-15-and-this-new-xrp-project-could-100x-this-year-heres-why\/"},"modified":"2023-08-02T10:50:21","modified_gmt":"2023-08-02T14:50:21","slug":"is-it-too-late-to-buy-uniswap-uni-price-rises-15-and-this-new-xrp-project-could-100x-this-year-heres-why","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=43527","title":{"rendered":"Is It Too Late to Buy Uniswap? UNI Price Rises 15% and This New XRP Project Could 100x This Year \u2013 Here’s Why"},"content":{"rendered":"
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Top decentralised exchange (DEX) Uniswap has seen UNI (native governance token) surge up +15% in a magnificent pump sending ripples through markets.<\/p>\n

This comes amid a storm of anxiety sweeping through DeFi markets this week, following a serious exploit incident which saw Curve pools lose more than $47m to crypto thieves.\u00a0<\/p>\n

With investors racing away from DeFi protocols in response, this week has seen a surge of capital flooding into DEX projects like Uniswap – fuelling the dramatic price move.<\/p>\n

UNI Price Analysis: How Long Will Uniswap’s Curve Exploit Pump Last?<\/strong><\/h2>\n

The price action triggered by Curve’s smart contract exploit has left Uniswap in strong form, with UNI currently trading at $6.30 (a 24-hour change of -5.64%) as a retracement move unfolds.<\/p>\n

Ongoing price action is in a -6% retracement, following rejection from topside resistance at $6.70.<\/p>\n

Upside momentum comes amid a strong two-months for UNI, which has climbed +72% since June 10.<\/p>\n

The recent move, fuelled by trader’s angst surrounding Curve, has seen UNI launch away from local support at the 20DMA, which now trades below price action at $6.04.<\/p>\n

There is also the emergence of a strong support zone at $5.75, which has seen a historical price level reinforced by convergence with the 200DMA.<\/p>\n

Now retracement and consolidation seem to be on the cards, with the RSI signalling bearish divergence at an over-bought 59.<\/p>\n

The MACD contrasts this, with bullish divergence reflecting the recent upside swing at 0.029.<\/p>\n

Despite the impressive rally, UNI is facing a tough risk: reward profile at 0.65 – as risk dominates price structure.<\/p>\n

Upside potential here has been limited by local resistance, leaving UNI bulls targeting a return to $6.66 (+6.13%).<\/p>\n

Whereas downside risk has grown significant after UNI pushed away from moving averages, on the downside a move to $5.75 (-9.4%) seems likely.<\/p>\n

While it could be considered too late to buy Uniswap now, smart capital has already began rotating from this pump to the next big play in the space: introducing XRP20.<\/p>\n

How XRP20 Plans to Surge After Ripple vs. SEC Ruling<\/strong><\/h2>\n

XRP20, a distinctive proof of stake Ethereum token. XRP20 is engineered to emulate the philosophy and tokenomics of Ripple (XRP), but with a particular focus on retail investors.\u00a0<\/p>\n

Despite drawing on Ripple’s concepts, it’s crucial to highlight that XRP20 stands alone as an independent project with no direct affiliation to the well-established XRP.<\/p>\n

Attractively, XRP20 is currently available at a strikingly low price point, retailing for $0.000092 with more than $100k raised in the opening 24-hours.<\/p>\n

This valuation is about 30 times lower than XRP’s all-time low and thousands of times cheaper than XRP’s current price of $0.70, but the allure of XRP20 extends beyond its pricing.\u00a0<\/p>\n

XRP20 Leaves XRP Staking Rewards Dead in the Water<\/strong><\/h2>\n

The project proposes a unique staking reward system within a deflationary ecosystem.\u00a0<\/p>\n

With 40 billion $XRP20 allocated to staking rewards and 10 billion intended for permanent removal via a burn mechanism, the token supply will decrease over time, which could increase scarcity and add an upward pressure on the token’s value.<\/p>\n

The XRP20 presale serves as an inviting opportunity for early adoption, the project’s roadmap highlights a focus on marketing and awareness, followed by a token burning mechanism and community staking.<\/p>\n

By capitalizing on Ripple’s recent legal victory over the Securities and Exchange Commission (SEC), XRP20 could attract attention from a significant investor base.\u00a0<\/p>\n

Yet it’s imperative for potential investors to understand that XRP20 is not Ripple, and investment in this token comes with its own risks and rewards.<\/p>\n

How To Buy XRP20?<\/strong><\/p>\n

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  1. To join the XRP20 presale, investors will need a Web3 wallet, either MetaMask or Wallet Connect.\u00a0<\/li>\n
  2. With the required USDT and ETH crypto in their wallets, investors can connect their wallets to the presale page, specify their purchase amount, and claim their $XRP20 tokens upon completion of the presale.<\/li>\n<\/ol>\n

    Considering the potential of XRP20 and Ripple’s historical price increase of 137,000%, XRP20 could offer significant gains for early buyers.\u00a0<\/p>\n

    <\/oembed><\/figure>\n

    Coupled with its unique stake-to-earn mechanism, retail investors have a compelling opportunity to participate in the XRP20 project.<\/p>\n

    Be sure to follow XRP20’s progress on Twitter and Telegram for the most recent updates.<\/p>\n

    Buy XRP20 Here<\/strong><\/p>\n

    Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.<\/sup><\/i><\/p>\n<\/p><\/div>\n