The Cryptocoins Spotlight series is a collection of articles giving you a short summary of many important cryptocoins in the market right now. Since the market will never stop changing, I will try to constantly update these articles. The following post will give you some basic information regarding Uniswap.
Let me know in the comments about any errors or inconsistencies you may find. Feedback is greatly appreciated. Enjoy!
(19/9/2020)
Uniswap
Uniswap (UNI) is an Ethereum token that powers Uniswap, an automated liquidity provider that’s designed to make it easy to exchange Ethereum (ERC-20) tokens. There is no orderbook or central facilitator on Uniswap. Instead, tokens are exchanged through liquidity pools that are defined by smart contracts.
Crypto Rank: 31
Price: 6.97$
Market Cap: Approx 700 mill $
Circulating Supply: 96,866,285 UNI
Total Supply: 1,000,000,000 UNI
Behaviour
UNI had a +130% increase last week, with +41,41% increase in the last 24 hours. However, the cryptocoin is pretty new so expect to see big changes in the following months.
Lowest (this year): 2.58 EURO
Highest (this year): 7.13 EURO
Coinbase
Uniswap was the 31th coin introduced to Coinbase and made its debut on 18/9/2020. Uniswap was quickly loved from Coinbase's users, hitting 77% buy percent even after two full days. In the first day of its release, data from CoinGecko shows the UNI token price has surged from just under $2.80 to a high of $5.80.
Rating (7.5/10)
Really good statistics and looks like a trustworthy coin. In addition it is currently number 1 DeFi. However, it is really new so we can't be sure of its success.
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Foivos Karkanis
