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28 September 2021

Uniswap (UNI) price jumps by 15% in DeFi, cryptocurrency market rebound

Uniswap (UNI) price jumps by 15% in DeFi, cryptocurrency market rebound


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Uniswap (UNI) was among the best performers among the top-cap cryptocurrency tokens in the previous 24 hours, logging better gains than some top cryptocurrencies, namely Bitcoin (BTC), Ether (ETH), and Binance Coin (BNB).

Traders continued to bid higher on the pair entering Wednesday, pushing its value higher to $26.07 at one point in time, up more than 15% from the previous session's open of $22.66.

In detail, Solana's market cap surged by more than 400% quarter-to-date following its foray into the booming nonfungible token (NFT) sector, providing traders a decent opportunity to lock interim profits.

Uniswap's superior performance in the previous 24 hours also took cues from speculation that holding UNI could grant them access to airdrop tokens.

In comparison, LUNA stakers could claim more free MIR tokens than UNI ones—MIR/USD has surged 200% this year.

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cointelegraph.com
Market data feeds provided by cryptocompare.com
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