The US Consumer Price Index (CPI) recorded 9.1 percent in June, its highest level since 1981. Just one day after that, the market experienced a positive trading session. In this article, we will talk about the rise of 4 altcoin projects in the light of recent developments. Here are the details…
Robinhood’s UNI listing blows altcoin price
Uniswap, the largest decentralized exchange (DEX) by volume, saw the token price soar on July 13 after dropping to $5.23. The token rose to $449 million, with a 104 percent increase in 24-hour trading volume. Meanwhile, it reached $7.11 on July 14, up 36 percent. The sharp turnaround in UNI price and trading volume came as Robinhood announced that the UNI token is now available for trading on the platform.
Disney news provides a boost for MATIC
Polygon is one of the top 2 scaling solutions for the Ethereum network, offering a faster and lower fee transaction experience for users and protocols. The data shows that after briefly falling to $0.52 on July 13, MATIC price rose 36 percent to $0.707 on July 14 after rising 120 percent on July 24. The price increase for MATIC comes after the announcement that the protocol is the only Blockchain selected by Disney as part of the 2022 Accelerator Program.
Aave gains momentum with stablecoin/altcoin developments
Aave, a popular decentralized finance platform, is a lending and borrowing protocol that currently holds $5.63 billion in locked-in total value (TVL). This makes it the second-ranked DeFi platform behind MakerDAO in terms of TVL. The data shows that over the past 24 hours, the price of AAVE has surged 38.5 percent from a low of $67.10 in the afternoon of July 14 to $93. Aave sparked excitement in its community when it announced its plans to launch its GHO stablecoin, which will be a collateral-backed stablecoin native to the Aave ecosystem, on July 7.
Solana made a statement about Saga phones
According to a recent announcement, Solana Mobile has started accepting pre-orders for Saga phones in select countries around the world. Solana Mobile has invited users to pre-order Saga phones in the Solana mobile store. Solana Mobile is the mobile technology company that developed the Solana Mobile Stack and Saga phone. The firm, a subsidiary of Solana Labs, contributes to the development of the Solana protocol.
The flagship Android handset can now be pre-ordered for 10 devices per Solana wallet. As we have also reported as Kriptokoin.com, the phone is integrated with the Solana Blockchain. It makes it easy and secure to transact on Web3 and manage crypto assets such as NFTs and cryptocurrencies.
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