Uniswap (UNI) is poised near a key support level after it saw a slight decline in recent days as the price reacted to network developments. Elsewhere, Toncoin (TON) is trading at levels last seen in February 2022 and Bitbot (BITBOT) nears $1 million as its presale accelerates.
Uniswap price
Uniswap price rose sharply in February as the community welcomed the announcement for Uniswap v4 launch date. The native token of the decentralized exchange (DEX) platform crossed the $7.50 mark. UNI token’s price extended the gains after another major announcement by the Uniswap Foundation.
The proposal to reward UNI holders who delegate and stake their tokens saw the altcoin’s price jump by more than 40% to break above $12.60. Recent upsurges for the crypto market then saw UNI/USD break past $16.
While the token remains above $14 at the time of writing, weekly gains are down to 15%.
This follows the community’s rejection of the new fee mechanism. The Uniswap community began voting on the proposal on March 3, 2024. A snapshot of the vote shows 59.89%, or 30 million UNI rejected the proposal.
Bulls now need to hold above $14 and an upward bounce could bring $20 into play. On the downside, sellers could target $12 or possibly the area near $10.
Toncoin price
Toncoin (TON) saw a huge spike in upward pressure last month, rocketing from under $2.15 to reach highs of $2.70 in 24 hours on February 28.
TON’s price surge followed Telegram’s announcement regarding channel advertising. The popular messaging revealed plans for a new ReShare regime, with payment to channel owners done via the Toncoin
While volatility across the market saw TON price revisit levels near $2.40 this week, bulls have pushed to intraday highs of $2.85.
Toncoin’s price has also increased more than 40% in the past two weeks. If bulls break past $3.00, they could strengthen towards the all-time high of $5.29 reached in November 2021. On the downside, primary support levels will be around $2.00.
Bitbot to launch world’s first non-custodial Telegram trading bot
Bitbot is a new project pioneering the first non-custodial Telegram trading bot.
Currently in presale, the project has seen a surge in demand for the native BITBOT token amid the crypto rally. The Bitbot team’s unveiling of their first product update also helped accelerate investor interest.
Apart from the non-custodial trading environment, Bitbot offers access to institutional-grade trading tools that any trader can use to make the best of opportunities in the market. These will include automated sniping, copy trading, limit orders and yield optimization.
BITBOT holders also have a chance to earn a share of the daily revenue in a unique model that makes trading an earning experience.
Bitbot presale near $1 million as BTC surges
Bitcoin bulls may seek a fresh incursion above $70k again in coming weeks after the leading cryptocurrency by market cap retreated from the all-time high reached this week.
Helping BTC could be the continued streak of huge net flows for spot Bitcoin ETFs, which have seen BlackRock’s IBIT dominate with multi-billion dollar volume trades. Analysts see the trend continuing, with a potential buying spree for BTC in the coming months.
Some analysts have however noted the possibility of a pullback for BTC price as some holders look to cash in the recent windfall.
As investors eye the bullish flip, Bitbot has emerged as the top Telegram trading bot. Notably, BITBOT’s presale price has increased to $0.0122 in stage 5, with over $945k raised so far.
Meanwhile, Bitcoin price is surging, and analysts are pointing to an imminent spike for altcoins. This suggests now could be a good time to take position in a project that could vastly outperform the sector post its presale.
