The victory of “crypto president” Donald Trump continues to reverberate through the market, with Uniswap’s native $UNI token rallying to hit a four-month high of $9.34 in the early hours UTC.
However, Uniswap is now trading five cents below $9. The sharp retreat means that the token powering the eponymous decentralized exchange is actually trading 2.3% below its price this time yesterday, but still 13.8% more valuable than it was seven days ago.
The broader crypto market grew by 0.9% in the last 24 hours and now commands a towering market capitalization of $2.64 trillion.
The original and biggest cryptocurrency, the $1.5 trillion Bitcoin ($BTC), rallied to an all-time high ($ATH) of $76,243.98 yesterday. It has since retreated 1.8% down to $74,884, which signals a light 24-hour pullback of 0.7%.
Today, it’s the turn of Uniswap’s host Ethereum ($ETH) to lead the gains. Ethereum performed much better than Bitcoin last night and advanced 7.4% in 24 hours to trade at $2,822.35 as of this writing.
Uniswap Analysis: Can $UNI Break Through to $100?
The closest Uniswap’s $UNI token has ever come to $100 was $44.92 on May 3rd, 2021. Since then it has retreated by 80%.
While the token’s Trump induced rally was evidently very sharp, support for the token has been growing over the last three months and $UNI has been finding new resistance levels, as shown by the respective red (support) and green (resistance) lines below.
That said, Uniswap’s rally today is likely to be because of the increased investor interest in Ethereum over the last 24 hours. Still, $UNI is likely to hold on to all of its gains as its relative strength index (RSI) currently sits at 54, which means it is priced well right now.
But can it hit $100? Maybe in 2025!
Beyond Uniswap, Trump Win Boosts Crypto All-Stars $3 Million Presale
Being a $5 billion DEX token on Uniswap means that Uniswap is the closest thing to a “safe” investment in the volatile world of DeFi, but that safety comes at a price.
Uniswap lacks the headroom for growth that is found among crypto projects in the presale market, where various meme coin and protocol token launches are easily and quickly bagging 10x or even 100x profits for investors.
One new protocol called Crypto All-Stars hopes to change the negative perceptions around meme coins by letting crypto fans put them to work.
Crypto All-Stars is a unified staking protocol that allows users to earn serious rewards by combining the world’s most celebrated meme coins.
Users can stake Pepe Coin, Dogecoin, Shiba Inu, Floki Inu, Based Brett, MogCoin, Milady, TurboToken, Toshi The Cat, Coq Inu, and BonkCoin in the MemeVault to earn passive income.
The current reward rate for staking these coins is an impressive 501% in the form of $STARS.
The project has gained so much popularity that its presale has already raised over $3.1 million, while Uniswap.
Following the purchase, investors can begin staking for rewards and claim the tokens once the presale ends.
Head to the website to buy $STARS with ETH, USDT, BNB, or even by card.
Follow Crypto All-Stars on social media – X (Twitter) | Telegram to stay up-to-date on all the developments.
Visit the Crypto All-Stars Presale Website Here
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