Uniswap (UNI) gains nearly 50% in 24 hours as China’s latest crypto purge boosts DEX tokens By Cointelegraph


Uniswap (UNI) gains nearly 50% in 24 hours as China’s latest crypto purge boosts DEX tokens

Uniswap (UNI) prices staged a solid rebound after crashing last week in the wake of China’s decision to intensify its anti-Bitcoin (BTC) and cryptocurrency rhetoric.

UNI price gained 14.90% on Monday to reach an intraday high of $26.26. UNI/USD’s climb came a day after it dropped to a monthly low of $17.63. As a result, it churned out more than 48% profits for the dip buyers within the last 24 hours.

Uniswap’s liquidity pool schematic. Source: Uniswap Official Doc Page
Uniswap and SushiSwap (SUSHI) has led DEX gains in the previous 24 hours. Source: Messari
Centralized exchange tokens in the previous 24 hours. Source: Messari
UNI/USD daily price chart featuring the cup and handle pattern. Source: TradingView