Cryptocurrency prices are at all-time highs. Bitcoin, the largest cryptocurrency, has topped its all-time high just once, in early 2021. Other cryptocurrencies have been on the rise as well, gaining seven per cent in the last 24 hours alone. Solana, Cardano, Shiba Inu, and Uniswap all have double-digit gains. In addition, Ethereum, which was at a low in February, has seen a six-per-cent gain in the last week. The three-day growth of the four-digit coin Uniswap is even more impressive.
If you’re thinking about investing in cryptocurrencies, you may have heard about market cap. It’s a useful indicator to compare the overall value of various cryptocurrencies. However, market cap isn’t the same thing as money inflow or market size, and the value of one crypto may be worth hundreds of times more than another. The market cap of a currency is also highly dependent on its price, so even minor fluctuations can have a significant impact on the overall value of the coin.
Price of Bitcoin
The Price of Bitcoin began the year by trading around $1,000. By late April, it had risen to almost $12,000, and by the end of May it had reached nearly $20,000, a staggering jump. This rally was fueled in large part by retail investors entering the market, as well as promises from the Federal Reserve that the currency will soon have more liquidity. Despite the shaky beginnings, the price of Bitcoin continues to rise.
Price of Ethereum
The Price of Ethereum is rising and is expected to continue to grow throughout 2018. The cryptocurrency was introduced in 2015 and reached its peak last year. As the Ethereum network continues to fill up, it is gaining momentum. The platform is also working on Project Serenity, which will further increase its popularity. However, there is no certainty for the price of Ethereum. The price will fluctuate based on supply and demand. When there are more buyers than sellers, the price will rise.
Price of Uniswap
The price of UNI was the first cryptocurrency to experience a real spike since its inception, but it really began to rise around 2021, when the economic meltdown hit and millions of people flocked to cryptos. As a decentralized exchange, Uniswap allows users to add assets to liquidity pools and receive a percentage of the trade fee. The price of UNI jumped dramatically after this surge, and this trend has continued in recent months.
Price of TerraUSD (UST)
After the shaky start of the cryptocurrency market, the Price of TerraUSD (UST) has recovered significantly over the last week. Its safe address currently holds $195 million. While this new capital has boosted the price, it has also sunk the price of other stablecoin assets such as USDC. Both cryptocurrencies have suffered from significant volatility, but the price of UST has been surprisingly stable.
Price of Uniswap in USD
Uniswap is a decentralised Ethereum blockchain-based protocol that allows users to trade ERC-20 based tokens without a middleman. This makes it easier for users to transact in cryptocurrency without having to disclose their personal information or undergo KYC. Unlike traditional exchanges, Uniswap uses a formula to determine prices rather than an order book. Moreover, its liquidity pools let users earn from tokens by using them in trades.
Price of TerraUSD (UST) in etherium
LUNA, the native asset of Terra, is backed by reserves and the UST has been de-pegged to that amount. Investors in the LUNA crypto voted to replace the UST with the Terra blockchain, which will be backed by the community and attempt to restore parity with the dollar. The price of UST has fallen to an all-time low of $0.689257 on 10 May 2022, however.