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The whole crypto market including the major coins has entered a bearish trend with a dip of a pretty good margin. Certainly, the market can bloom very soon recording greater profits, touching new all-time high’s.
Let us look into such assets which at present might have a downturn but has the potential to twist as high-gainer.
XRP seems to have stepped into the bear market not very long ago. The asset had dipped nearly 1.69 percent, however, if the weekly movement is considered, then the asset has gained nearly 3.25 percent. Currently, XRP is priced at $0.252718.
Technical Points
The prime focus at the current phase is the ongoing Ripple Swell event. The XRP price, however, does not get great impact by the event by getting a major push. On the contrary this year, the asset price is plunging despite the Ripple CEO Brad Garlinghouse announced some surprises in the course of the event.
The native token of Uniswap exchange(UNI) which had become the talk of the town since its launch, has faced rejection since the major dump. The UNI Price rises to some levels but later dips too much higher levels.
UNI is priced at $3.46 with a downtrend of 3.24 percent in the last 24 hours. But in the last 7 days, the asset has managed to gain 34.48 percent.
Technical Points
The Universal Market Access(UMA) which got a major push in its price very recently that carried the prices above $10 levels, seems to have loosened the grip offlet. The asset showcased a dip in the market capitalization and in the 24-hour trading volume as well.
Currently, the UMA token is priced at $8.69 with a dip of 6.32 percent. However, if the performance of the last 7 days is looked at, the token has gained a massive 43.24 percent.
Technical points
Considering the crypto market as a whole has dipped by 1.06 percent in the last 24 hours. The trading volume also recorded a dip of nearly 22.64 percent accounting $72.46 billion. Among this, the DeFi space held a share of 6.41 percent which comes to $4.64 billion.
The post Crypto Lemons Today – UMA, UNI, XRP. Can be a Champ Tomorrow? appeared first on Cryptocurrency information | Cryptocurrency News | Bitcoin News and Crypto Guide.
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