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Cryptocurrency News Articles
Uniswap: Steady Performer or Wild Ride? Moderate Volatility, Low Risk Offer a Haven
Mar 27, 2024 at 07:20 am
Is Uniswap a Wild Ride or a Safe Haven?
Uniswap (UNI) has been a steady Eddie in the crypto world, with less volatility than many of its peers. As of Wednesday, DeFi's darling has dipped 1.67% to $12.58.
Moderate Moves
InvestorsObserver rates Uniswap's volatility as a lukewarm 37, putting it in the bottom 37% of cryptos. Don't expect any wild swings, as the Volatility Gauge shows that a single day's performance isn't likely to shake things up.
Low Risk, Moderate Reward
Uniswap's moderate volatility pairs nicely with its low Risk/Reward Gauge reading. In other words, it offers both moderate price fluctuations and protection from market manipulators.
Room to Run
The future looks bright for Uniswap. Support sits at $12.22, while resistance lurks around $12.70. This gives UNI some wiggle room before it hits any selling pressure.
What's a Token, Anyway?
Tokens are digital assets that live on another cryptocurrency's blockchain. Think of them as the cousins to popular coins like Bitcoin and Ethereum.
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