Uniswap (UNI) price has continued its impressive bullish form today as it closes on the key target of $10.00. Fundamental analysis: Liquidity surges to $3.18 billion Uniswap’s liquidity soared to $3.18 billion without any recent liquidity stimulus programs. The decentralized crypto exchange has previously awarded UNI tokens to Liquidity Providers (LPs). More specifically, these providers who offered liquidity to different pools were rewarded with 0.3% fees generated from these pools and UNI tokens. Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today. The exchange ended its liquidity incentives back in November 2020, after which its liquidity plummeted from $3.36 billion to $1.52 billion. However, following that decline, Uniswap’s liquidity has been on a progressive rise and now stands at $3.18 billion. MonetSupply and Coopahtroopa, both Uniswap community members, have recently put forward a fresh incentive program which intended to slash the monthly incentive allocation from 10 million UNI to 5 million UNI across four different pools. However, the program got delayed for unknown reasons after gaining approvals in the first two stages. The proposal was never suggested as a formal governance proposal. It remains to be seen
Elrond’s native token EGLD could be undervalued by as much as 212% - research ERD/USD price rose above the $0.02 mark for the first time since September The price moved from $0.0007 in October to trading at $0.0224 this week Elrond (ERD) price followed Bitcoin (BTC) price in racing higher to record a strong close of 2020 year. Fundamental analysis: Token “substantially undervalued” A recent research focused on Elrond, conducted by crypto research firm Picolo Research, showed that the network’s future largely depends on the rollout of Maiar, the first application to launch on Elrond. Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today. Elrond’s native token EGLD could be undervalued by as much as 212%. Piccolo utilized a set of different metrics to compare EGLD’s valuation with other smart contract networks and concluded that the token has a lot more space to grow. At the moment, EGLD is worth about $27, but its true value stands at around $68, according to Picolo. Furthermore, the research showed that the token has more upside compared to other tokens, largely because of the appealing APY that is offered for staking EGLD, which stands at
(RTTNews) - Indian shares opened a tad lower on Monday, mirroring weakness in other Asian markets as Sino-U.S. tensions remained on investors' radar.
The benchmark S&P BSE Sensex dropped 160 points, or 0.3 percent, to 48,874 in early trade, while the broader NSE Nifty index was down 58 points, or 0.40 percent, at 14,375.
Information technology shares were losing ground on profit taking after recent strong gains. Infosys and TCS fell about 1 percent.
HCL Technologies was marginally lower. The IT services major said it plans to hire about 20,000 people over the next two quarters.
Wipro rose half a percent after completing its Rs. 9,500-crore share buyback program.
Dewan Housing Finance Corporation surged 5 percent after the Piramal Group reportedly emerged as the winning bidder for the company.
HDFC Bank gained 2 percent after its Q3 net profit rose 18 percent on improved asset quality.
Metropolis Healthcare advanced 1.8 percent after the diagnostic chain said it would acquire Dr Ganesan's Hitech Diagnostic Centre Pvt Ltd in a cash and stock combination deal.
