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The crypto market witnessed two contrasting events last month. While the market positions of Uniswap (UNI) and Decentraland (MANA) have become bearish, a new project, Tradecurve, made headlines due to its ballistic rise to the top. The presale of Tradecurve is selling fast as bulls join during the early stages to generate maximum profit.
Uniswap’s launch of Version 3 on the Binance Chain was expected to spike the price of UNI. But it did not happen; instead, the price of Uniswap (UNI) has fallen after the launch of Version 3. The price of Uniswap (UNI) has tumbled by more than 12% on the monthly chart. As the market sentiments have become bearish in the last few days, Uniswap (UNI) has plunged by 13% in the past week. As a result of these mixed performances, the trading price of Uniswap (UNI) currently stands at $5.50, about 88% below its peak of $44.97. The market capitalization of Uniswap (UNI) has also plunged by around $700 million in the last 30 days. By market capitalization, Uniswap (UNI) is currently in the 20th position.
Decentraland (MANA) has witnessed a decline in its daily active addresses for the third consecutive month. As Decentraland (MANA) is losing traction, investors are getting worried about the project’s long-term growth run. As per data from the analytics platform Glassnode, 1069 new Decentraland (MANA) addresses were created in January, but the number has fallen steeply to just 381, indicating a 64% decline. According to analysts, this decline in traction implies that Decentraland (MANA) is losing its market share to rival projects. Besides, another report by IntoTheBlock suggests that
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