BlockDAG’s Automatic Bonuses Fuel $66M Presale Rise While Uniswap Traders Struggle and Ripple Faces New Challenges
The post BlockDAG’s Automatic Bonuses Fuel $66M Presale Rise While Uniswap Traders Struggle and Ripple Faces New Challenges appeared on BitcoinEthereumNews.com.
Uniswap traders have encountered serious obstacles lately, with UNI suffering a 22% drop last month due to issues like impermanent losses and a weak market. Meanwhile, fresh XRP news suggests a new legal challenge could be on the horizon as Ripple gears up for the 2024 launch of RLUSD. On the flip side, BlockDAG’s (BDAG) innovative automatic bonuses system has sparked a surge in whale activity. As one of the leading gainers in the crypto market, BlockDAG has successfully raised $66 million by the 21st batch of its presale, signalling strong growth and appeal. Uniswap Traders Face Continued Pressure Uniswap traders are dealing with a tough market. Uniswap (UNI), known for being a leader in decentralised exchanges, saw its token drop by 22% last month. This decline is largely due to challenges like impermanent loss for liquidity providers and weaknesses in the automated market maker model. Despite efforts to reignite interest, such as fee-sharing and the introduction of “uni.eth” subdomains, the market reaction has been lukewarm. A recent governance proposal failed to generate significant momentum, with UNI now priced at $7.16. Traders on Uniswap remain cautious as the broader market stays uncertain. Ripple’s RLUSD Launch Brings Potential New Legal Risks Ripple’s plan to launch the RLUSD stablecoin has stirred up speculation about the resolution of the ongoing SEC lawsuit. However, there’s a chance that this new venture might lead to another legal battle. Recent XRP news indicates that prominent figures are urging caution, as Ripple’s latest project could attract fresh scrutiny. Ripple’s President has suggested a 2024 launch date for RLUSD, with a website already set up indicating that final steps are being taken. Legal experts are split on how the lawsuit might end, with some predicting a compromise if a pro-crypto administration takes office after the upcoming elections. The…
Filed under: News - @ August 17, 2024 4:19 am