Bitcoin, Cardano and Uniswap – European Wrap 13 August
Bitcoin price has struggled to slice through a crucial resistance level for over four days. This stagnation has pushed BTC and the altcoins to lose momentum and flash a warning signal of an incoming pullback.
The non-fungible token (NFT) landscape is currently dominated by Ethereum, and it is likely that NFT applications migrate from the mainnet to layer-2 solutions. Ethereum killers are competing for a bigger share of the NFT market.
Uniswap price is tussling with the range high and is likely to face rejection considering the general structure of the cryptocurrency market. Despite the recent upswing, investors should be wary of fakeouts.