Uniswap (UNI) Captures 6% With Major Buy Update


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Crypto News Squad
Jul 16, 2023

Uniswap (UNI) Captures 6% With Major Buy Update

uniswap Labs has acquired the popular blockchain-based game Crypto: The Game (CTG). This announcement follows a rally in the price of the UNI token, which saw a 6% increase on the three-hour price chart. Mary-Catherine Lader, Chief Operating Officer Uniswap LabsHe expressed excitement about integrating CTG’s engaging on-chain experiences with Uniswap’s offerings.

Uniswap Labs Acquired Crypto: The Game

To do this, it strategically acquired CTG, which aligns with its vision of making blockchain interactions fun and simple. We saw the porosity created by CTG; The challenge is to bring more humanity and fun to these on-chain experiences, Lader said. While full details of the actual deal can only be guessed at, the payment reportedly included cash, tokens, and shares.

The acquisition is a business agreement and collaboration aimed at driving the development of crypto gaming. The Uniswap team will include CTG founders Dylan Abruscato, Tyler Cagle and Bryan Lee. The syndicate will be looking for further developments as well as introducing new crypto experience interaction in the upcoming season of CTG’s third season. It was noteworthy that the companies underlined their decision that the game would not contain any marketing content. Uniswap wallet or a swap to preserve the nature of the game.

Crypto The Game connected people to the crypto world and attracted new crypto community members. The number of people who gamble on this game alone but are new to cryptocurrency is believed to be around 10%-15%, indicating that this could serve as an entry point. DeFi. The e-Sports game has effectively attracted the attention of community sects such as crypto gurus and venture capitalists.

Some of the main strategies that have contributed to CTG’s cult status in previous seasons include sponsorships from some of the biggest brands worldwide, such as Addidas, and partnerships with crypto-dealing firms such as Wormhole. The competition challenges players every season, and the fact that the format is similar to TV shows like Survivor has helped the format’s popularity.

UNI Token Gains 6% on Acquisition News

On the 3-hour price chart COMBINED price It showed promising trends reflecting positive investor sentiment following the acquisition news. Closing the latest range at $10,441, the token’s 6% increase indicates a strong market reaction. The Relative Strength Index (RSI) is approaching overbought territory at 64.60, indicating the potential for price consolidation or pullback in the future if the market perceives UNI as overvalued.

Source: TradingView

Additionally, the Moving Average Convergence Divergence (MACD) indicator offers a bullish outlook. With the MACD line crossing above the signal line, investors can interpret this technical indicator as a buy signal, potentially further increasing the buying momentum of the UNI token.

So read: Cardano Light Wallet Lace Launch Upgrade Features Multi-Staking

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Maxwell is a crypto-economic analyst and Blockchain enthusiast who is passionate about helping people understand the potential of decentralized technology. I write extensively on topics like blockchain, cryptocurrency, tokens, and more for many publications. My goal is to spread knowledge about this revolutionary technology and its effects on economic freedom and social well-being.

The content presented may contain the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. Neither the author nor the publication accepts any liability for your personal financial loss.


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