Uniswap is facing heat from the SEC. As a result, UNI has tanked, and network fees have risen.
Sui launched a gaming device, even though SUI kept trading sideways.
Milei Moneda ($MEDA) gains attention; users swarm the presale in Stage 2.
The market has been quiet in relation to Uniswap (UNI) for the past few days despite UNI's altcoin price reaching a milestone of $3 billion in locked assets. Sui is preparing for the long run with a new Web3 gaming development, but neither has been able to fend off the bears recently. But that's where Milei Moneda ($MEDA) comes in, as its cryptocurrency ICO is offering unbeatable deals for users. Stay tuned for more.
Just last month, the Securities and Exchange Commission declared an investigation into Uniswap's operations. And with that bit of news, the UNI token dropped down the top crypto coins list. UNI's altcoin price has been falling ever since, and even worse, Uniswap is increasing its network charges.
From all indications, the battle between the SEC and Uniswap could get protracted. The Uniswap Labs CEO has decided he will fight, even up to the Supreme Court, and the recent increase in network fees could be Uniswap's effort to shore up resources for the legal battle.
Already, UNI has tanked about 9% following the news of the investigation. The SEC has now taken a step further by issuing a Wells Notice against Uniswap Labs, and we might be looking at a long-term bearish trend on UNI from here.
While the war on UNI continues to rage, we can expect some activity on other DEXs in the long run. Sui is well-positioned for the activity, but the question is, how much of an effect will that have on the SUI token?
The past month has seen Sui break through milestone positions in terms of trading activity. The latest is SUI's launch of a gaming device that powers both Web3 and Web2 games. The idea is to appeal to both Web3 and traditional gamers, all to the benefit of Sui's network.
The gaming device won't be in stores till 2025, but one could expect some excitement on SUI's timeframes. So far, the DeFi coin price has been on the slump, as SUI currently trades at 27% losses for the week.
It's the season for profits, and that's all the traders really care about, especially if they're coming from Uniswap and Sui. And $MEDA is here to indulge them. The presale is spreading like fire throughout the crypto-verse, but that's not the best part.
Milei Moneda is planning a grand entry into the DeFi sector, and $MEDA wants to launch top DeFi projects of its own. With such projects in place, Milei Moneda will become a household name before long, thanks to its immense social media reach. And as the traffic builds, so do the profits.
But only for those who HODL their $MEDA coins for that long. And with Milei Moneda, holding comes with several other benefits, such as trending NFTs, crypto discounts and giveaways, and presale profits.
$MEDA's presale is offering some of the best crypto investments yet. Invest now–the Milei Moneda coins are only $0.0125–and get 60% gains by May.
Join our WhatsApp Channel to get the latest news, exclusives and videos on WhatsApp
_____________
Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.