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The monthly price surge experienced by both Uniswap (UNI) and PancakeSwap (CAKE) captured a significant level of attention from traders globally, yet many are still skeptical about their future price movements.
Analysts are now attempting to determine what kind of ROI each crypto can provide. We will be exploring some of the on-chart results and see just how prepared each crypto is to grow.
Uniswap (UNI) Will Soon Break Above $7.20 – Is a Value Above $9 Possible?
Uniswap (UNI) recently saw a decrease in its trading volume by over 50%, indicating that more investors than before are holding onto their crypto balance. UNI started rising above the $5.20 and then the $6 resistance levels.
The price is now trading above $6, with its next major resistance point being near the $7 level. Any more gains can also lead to the UNI crypto breaking above the $7.20 threshold soon.
Based on the on-chart data, the Uniswap price saw an upswing of 53.4%. Its market cap is also at $4,633,228,607, with a 24-hour trading volume of $310,228,724. Based on the Uniswap price prediction for 2024, based on all of these metrics, it can reach a maximum point of $9.07.
PancakeSwap (CAKE) Can Break Past the $3 Price Barrier in 2024
PancakeSwap (CAKE) saw a major spark in appeal, especially after the team introduced Gauges Voting and veCAKE. Throughout the past week, the team introduced more governance power, further control over CAKE emissions, deeper liquidity, and vote incentives, leading to a spike in the PancakeSwap price.
Data from BNB Swap also suggests that the network has burned 8,743,965 CAKE tokens worth approximately $23.2. During the past 30 days, the overall price upswing was at 103% for the PancakeSwap crypto, and it moved up from $2.28 to $2.74 during the past week.
Now, analysts are bullish on its future and project an even higher upswing, especially by the start of 2024. According to the PancakeSwap price prediction, it can spike to $3.78 in value.
Ending Q4 with the Right Selection of Exchange-Based Tokens
Uniswap and PancakeSwap are some of the most popular DEX tokens, but they are far from the only ones available during Q4 that can see an exponential surge in value.
Pullix has also gained significant attention, as it will build the world’s first community-backed exchange and bolster the next age of TradFi.
Through using the platform, any user can trade assets and derivatives alongside cryptocurrencies at any point in time. Holders of the PLX crypto can also profit from the daily revenues that are generated by the trading exchange.
Traders can also use cryptocurrencies as collateral to trade a range of OTC derivatives without any KYC. There’s also multi-currency staking, the opportunity to generate passive income, and even automated solutions such as AI trading tools.
The platform will launch in January of 2024, and currently, the PLX crypto is trading at just $0.04, with some analysts speculating a 2,000% increase at launch.
Site: https://pullix.io/
Twitter: https://x.com/pullixmarkets
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