WhaleStats, a crypto whale movement tracking platform, tweeted a list of most used smart contracts by the top 500 BSC whales. Standing at rank #8 was UniSwap [UNI], which was good news for the blockchain as it indicated increased popularity of the chain and its native token. 🏆 MOST USED smart contracts for the top […]
’s development activity reduced considerably over the last week. This was by and large a red signal for the blockchain.revealed that UNI’s exchange reserve was rising, which indicated higher selling pressure. Nonetheless, apart from these drawbacks, things looked quite good for UNI. Furthermore, other on-chain metrics were in favor of the token and indicated a continued price surge.’s volume registered an uptick lately, which was a positive sign.
The Moving Average Convergence Divergence also told a similar story, making it difficult to assess which way UNI was headed. UNI’s Money Flow Index registered a downtick, increasing the chances of a price decline soon. However, UNI’s Relative Strength Index went up recently and was resting above the neutral position, giving hope to investors for better days to come.Subscribe to get it daily in your inbox.
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