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Friday, January 27, 2023

High Expectations For Big Eyes Coin As Dogecoin and Uniswap being Unpredictable

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Top-Rated Meme Coin: Dogecoin
Dogecoin (DOGE), which was developed as a humorous take on the quickly developing cryptocurrency market, is currently ranked among the top 10 cryptocurrencies by market valuation.

Dogecoin (DOGE) operates on the Litecoin (LTC) blockchain, unlike other meme coins currently in use. This has been essential to Dogecoin’s continuous growth and relevance since its introduction and facilitates fundamental third-party transfers and smart contract transactions on the network.

Dogecoin (DOGE) has done amazingly well for a joke coin, but market turbulence and the 2022 crypto crisis have sharply reduced its value. According to CoinMarketCap data, Dogecoin (DOGE) is presently trading for far less than its all-time high of $0.74 in May 2021.

Top-Rated Meme Coin: Dogecoin
Dogecoin (DOGE), which was developed as a humorous take on the quickly developing cryptocurrency market, is currently ranked among the top 10 cryptocurrencies by market valuation.

Dogecoin (DOGE) operates on the Litecoin (LTC) blockchain, unlike other meme coins currently in use. This has been essential to Dogecoin’s continuous growth and relevance since its introduction and facilitates fundamental third-party transfers and smart contract transactions on the network.

Dogecoin (DOGE) has done amazingly well for a joke coin, but market turbulence and the 2022 crypto crisis have sharply reduced its value. According to CoinMarketCap data, Dogecoin (DOGE) is presently trading for far less than its all-time high of $0.74 in May 2021.

The Most Popular DEX is Uniswap.

The general decrease in cryptocurrency prices has not spared UNI, the native coin of Uniswap (UNI), the most well-known decentralized exchange in the world.

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When the crypto winter hit earlier in 2022, Uniswap’s historical data from CoinMarketCap shows that the cryptocurrency’s value returned to its prior levels.

Since Uniswap (UNI) dropped to $3.38 in June, its price has increased. This year, it picked up some momentum between July and August while maintaining a steady price range between $7 and $9.

But recently, Uniswap (UNI) fell once again, falling below the $7 threshold. According to data from CoinMarketCap, the price of the cryptocurrency is currently circling about $6. From its all-time high of $44.92 in May 2021, this is a nearly 86% decrease.

However, Uniswap (UNI) is well-positioned to recover as a result of recent ecosystem activity. Uniswap Labs, the parent business of Uniswap, is reportedly preparing for a new $100 million fundraising round as of late September, according to cryptocurrency news.

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