The price of Uniswap (UNI) has been showing a solid upward trend, with a remarkable rally in the past few days. It has experienced a 15.3% increase and a significant 22% growth over the past week. On-chain data also reveals a decrease in the supply of UNI on exchanges, indicating a reduction in short-term selling pressure. This could have positive effects on the price as it promotes better supply-demand dynamics. The consolidation of UNI in the markets suggests a possible change in market sentiment, with investors taking a more long-term approach.
The NEAR Foundation has entered into a strategic partnership with Alibaba Cloud to expand its influence within Alibaba Cloud’s ecosystem of developers. The goal is to simplify the process of starting new NEAR validators and attract more developers to work on the NEAR protocol. They are also collaborating to offer a remote procedure call service and multi-chain data indexing to simplify the process of finding data on different blockchains. This partnership has resulted in an 8% increase in NEAR’s price, indicating a positive response from investors.
Bancor (BNT) has underperformed the broader crypto market, with a decrease in price in the past 24 hours and a recent decrease in market activity. Despite a 9.90% increase over the past 7 days, BNT has not performed as well as the global cryptocurrency market, which is up 5.70%. It has also underperformed compared to other similar cryptocurrencies within the Ethereum ecosystem, which registered a 12.70% increase.
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