Top DEX tokens to buy after CEXs run into liquidity issues

Top DEX tokens to buy after CEXs run into liquidity issues
фото показано с : invezz.com

2022-11-11 13:38

Uniswap (UNI/USD), Stellar (XLM/USD), and PancakeSwap (CAKE/USD) are all decentralized exchanges (DEXs) that feature their native cryptocurrencies.

We covered the issues that FTX has been running into with its native cryptocurrency, known as the FTX Token (FTT/USD), such as its lack of liquidity.

We looked at how Binance was planning on acquiring FTX, as confirmed initially by Binance (BNB/USD) founder Changpeng “CZ” Zhao.

However, Binance later confirmed that they would not pursue the acquisition of FTX.com. The exchange did say that the hope was for the company to support FTX customers and provide liquidity.

Both Coinbase and Kraken’s platforms were also down and were experiencing intermittent latency issues on November 8 due to market turbulence. 

Kraken did not comment on issues through its public channels but highlighted that it uses Proof-of-Reserves audits.

Users are starting to embrace DEXs, and if you want to do so, Uniswap, Stellar, and PancakeSwap are some of your best options.

Should you buy Uniswap (UNI)?

On November 10, 2022, Uniswap (UNI) had a value of $5.504.

UNI/USD chart by Tradingview.

The all-time high for Uniswap (UNI) was on May 3, 2021, at $44.92. This means that at its ATH, it was trading $39.416 higher in value, or 716% higher.

When we go over the 7-day performance, Uniswap (UNI) saw its low point at $4.80, while its high point was at $7.72. This marked a $2.92 increase or 61%.

In terms of the 24-hour performance, the low point was $4.76, while the high point was $5.74. This marked a 20% increase, or by $0.98.

If investors want to buy UNI, now is the right time, as it can climb to $6.2 by the end of November 2022.

Should you buy Stellar (XLM)?

On November 10, 2022, Stellar (XLM) had a value of $0.090217.

XLM/USD chart by Tradingview.

Stellar (XLM)’s all-time high was on January 3, 2018, with a value of $0.875563. At its ATH, XLM was $0.785346 higher in value, or by 870%.

When we take a look at its performance throughout the last week, XLM saw its low point at $0.082204, while its high point was at $0.115671. Here we can see a $0.033467 difference, or by 40%.

Going over the 24-hour performance, Stellar (XLM) saw its low point at $0.082131, while its high point was at $0.094967. This marked a $0.012836 difference in value, or by 15%.

Buying XLM provides a solid opportunity as it can climb to $0.12 by the end of November 2022.

Should you buy PancakeSwap (CAKE)?

On November 10, 2022, PancakeSwap (CAKE) had a value of $4.036.

CAKEI/USD chart by Tradingview.

PancakeSwap (CAKE) saw its all-time high value on April 30, 2021, at $43.96. Here we can see that CAKE was $39.924 higher in value, or 989% higher.

The 7-day low for PancakeSwap (CAKE) was at $3.73, while the 7-day high was at $5.23. This marked an increase of $1.5 or 40%.

The 24-hour low of CAKE was $3.68, while its high was $4.30. Here we can see an increase of $0.62 or 17%.

With this in mind, buying CAKE is a solid DEX token option, as it can climb to $5 by the end of November 2022.

The post Top DEX tokens to buy after CEXs run into liquidity issues appeared first on Invezz.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

CK USD (CKUSD) на Currencies.ru

$ 0.2153 (+0.52%)
Объем 24H $0
Изменеия 24h: 0.67 %, 7d: -2.33 %
Cегодня L: $0.2128 - H: $0.2153
Капитализация $0 Rank 3492
Доступно / Всего 0 CKUSD

usd issues liquidity ftx native covered such

usd issues → Результатов: 71


Elrond acquires Capital Financial Services S.A, member of Twispay

Romania’s central bank approved Elrond’s (EGLD/USD) acquisition of Capital Financial Services S. A. , which operates under the Twispay brand, Invezz learned from a press release. Twispay is a principal member of Visa and MasterCard Twispay is a financial institution that provides payment services and issues electronic money with the central bank’s permission.

2022-3-10 16:08


Фото:

IOTA Foundation started support for the EU Blockchain initiative, is it worth buying?

IOTA MIOTA/USD is a distributed ledger that was developed to handle transactions between connected devices in an IoT ecosystem. Its intention is to solve scalability and performance issues found on other blockchains by replacing the blockchain with Tangle, which is a system of nodes where each new transaction confirms the two preceding it.

2021-9-9 16:24


Фото:

With Round 1 Fully Sold Out, ClinTex Launches Round 2 of the CTi Token Sale

2nd October 2020, London, United Kingdom: The lack of coordination, and major issues with bureaucracy are taking a heavy toll on the medical trials industry. Costing anywhere from $600,000 to upto $8 million USD per day, every single day a medicine is delayed not only leads to huge financial losses, but also affects millions of […] The post With Round 1 Fully Sold Out, ClinTex Launches Round 2 of the CTi Token Sale appeared first on Bitcoin News.

2020-10-3 20:30


Nollar (NOS) Stablecoin: Legit 1:1 USD Backed Cryptocurrency?

NOLLAR is a fully redeemable and audited 1:1 USD-backed stable coin that operates on a novel technology to facilitate instant and feeless transactions. NOLLAR believes that cryptocurrencies lack adoption due to fundamental issues and therefore, identifies the following problems: Slow transaction times: NOS seeks to increase economic productivity by eliminating waiting times. International wires can […]

2019-3-27 06:46


Фото:

Стейблкоин компании Circle прошел аудиторскую проверку

Компания Grant Thornton LLP – подразделение международной консалтинговой фирмы Grant Thornton International провела аудиторский отчет об аттестации стейблокоина USDC от криптостартапа Circle. Отчет подтвердил, что все токены USDC, находящиеся в обращении обеспечены достаточным количеством фиатных долларов.

2019-1-18 13:47


Аудиторская проверка подтвердила обеспеченность стейблкоина USDC

Аудиторская фирма Grant Thornton подтвердила, что в конце 2018 года стейблкоин USDC от стартапа Circle был полностью обеспечен фиатными резервами. Independent accounting firm Grant Thornton LLP issues attestation report on US Dollar reserves backing USD Coin (USDC) in circulation through December 2018.

2019-1-18 22:01


Стейблкоин USDC от Circle успешно прошел аудиторскую проверку

Аудиторская фирма Grant Thornton подтвердила, что в конце 2018 года стейблкоин USDC от стартапа Circle был полностью обеспечен фиатными резервами. Independent accounting firm Grant Thornton LLP issues attestation report on US Dollar reserves backing USD Coin (USDC) in circulation through December 2018.

2019-1-17 21:00


Стейблкоин USD Coin успешно прошел повторный аудит

Выпущенный компаниями Circle и Coinbase стейблкоин USD Coin (USDC) прошел повторный аудит, подтвердивший его обеспеченность заявленным количеством долларов США. Independent accounting firm Grant Thornton LLP issues second attestation report on US Dollar reserves backing USD Coin (USDC) in circulation.

2018-12-19 15:06


Повторный аудит USD Coin подтвердил обеспеченность стейблкоина твердой валютой

Выпущенный компаниями Circle и Coinbase стейблкоин USD Coin (USDC) прошел повторный аудит, подтвердивший его обеспеченность заявленным количеством долларов США. Independent accounting firm Grant Thornton LLP issues second attestation report on US Dollar reserves backing USD Coin (USDC) in circulation.

2018-12-19 13:56


Independent Accounting Firm Grant Thornton LLP Issues Attestation Report on US Dollar Reserves Backing USDC Tokens in Circulation

Today, Circle released the first attestation report on US dollar reserves backing USDC issued by independent accounting firm, Grant Thornton LLP. The report states that as of October 31, 2018 at 11:59 PM UTC: USD Coin (“USDC”) tokens issued and outstanding = 127,408,827 USDC US Dollars held in

2018-11-21 19:00