Across Protocol

bullish

Uniswap

<p>Uniswap, a decentralized exchange (DEX), has launched a permissionless chain bridge that will allow users to transfer assets across nine blockchain networks. This is in line with Uniswap’s overall plan of integrating more on the cross-chain functionality to make transactions better.</p> 
<p>Optimized by the Across Protocol, the bridge enhances transfer speed and security, intending to improve DeFi trading ease. Now that this has happened, market analysts are interested in finding out if UNI, Uniswap’s native token, is positioned to soar in price.</p> 
<h2 class="wp-block-heading" id="h-uniswap-s-push-for-cross-chain-interoperability"><strong>Uniswap’s Push for Cross-Chain Interoperability</strong></h2> 
<p>Uniswap recently <a href="https://www.thecoinrepublic.com/2024/10/11/uniswap-unveils-unichain-to-take-on-ethereum-l2-scene/">launched its Unichain</a> testnet, a layer-2 scaling solution, and the aforementioned permissionless chain bridge launch followed soon after. The exchange intends to address the problem of integration between the various protocols, especially when the user interface breaks down. </p> 
<p>With Across Protocol, users can now easily connect to some of the top Ethereum layer-2 solutions such as Optimism and Base.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Breaking chains <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f984.png" alt="🦄" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/Uniswap?ref_src=twsrc%5Etfw">@Uniswap</a> integrates Across for in-app bridging. <a href="https://t.co/4jNiNQfJf8">pic.twitter.com/4jNiNQfJf8</a></p>— Across (@AcrossProtocol) <a href="https://twitter.com/AcrossProtocol/status/1849106135443202069?ref_src=twsrc%5Etfw">October 23, 2024</a>
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  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
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<p><a href="https://www.thecoinrepublic.com/2024/10/15/uniswap-uni-skyrockets-10-as-unichain-unveils-developer-grant/">Uniswap</a> has assured that Across Protocol will improve the bridge’s efficiency and guarantee safe and efficient transactions. According to Uniswap, </p> 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 <p>“Across Protocol works through decentralized liquidity pools and relayers, and the bridging can be done in seconds.” </p> 
</blockquote> 
<p>This product launch is in line with Uniswap’s philosophy of embracing a multicloud future for blockchain technology.</p> 
<p>The permissionless bridge is currently available for native assets and stablecoins, with future enhancements in mind. This can be seen as a potential way to boost the interest in UNI especially if this feature will be connected with the Unichain L2 in the future.</p> 
<h2 class="wp-block-heading" id="h-uni-s-recent-price-movement-and-market-sentiment"><strong>UNI’s Recent Price Movement and Market Sentiment</strong></h2> 
<p>Uniswap has remained resilient even in the face of regulatory threats from the U.S. Securities and Exchange Commission (SEC). Through the introduction of new features and products, it has been able to stay relevant in the Defi space though the UNI token has been experiencing some price swings. </p> 
<p>At the time of writing, UNI was at $7.66 and has depreciated by 4.22% within the last 24 hours. The token experienced a recent price surge following its listing on South Korea’s leading crypto exchange, Upbit. </p> 
<p>The listing has boosted UNI’s liquidity and daily trading volume, with more trading pairs expected in the future. South Korea’s favorable crypto regulations are seen as a contributing factor to the token’s rising demand.</p> 
<p>Despite the short-term decline, many analysts remain optimistic about UNI’s mid-to-long-term potential. The introduction of the permissionless bridge, coupled with the growing adoption of Uniswap’s products, could pave the way for further price appreciation.</p> 
<h2 class="wp-block-heading" id="h-analyst-prediction-could-uni-break-20"><strong>Analyst Prediction: Could UNI Break $20?</strong></h2> 
<p>According to analysts at World of Charts, <a href="https://www.thecoinrepublic.com/price-prediction/uniswap/">UNI </a>may be preparing for a major breakout. They note that the token has formed a symmetrical triangle pattern, often a bullish signal when followed by a breakout. The analyst “WorldOfCharts” stated in a post on X (Twitter),</p> 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 <p>“#Uni Preparing For Solid Breakout Consolidating Within Symmetrical Triangle Expecting 200% Bullish Wave In Coming Weeks”</p> 
</blockquote> 
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  <img loading="lazy" decoding="async" width="679" height="385" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/10/image-324.png" alt="" class="wp-image-790590" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/10/image-324.png 679w, https://www.thecoinrepublic.com/wp-content/uploads/2024/10/image-324-300x170.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/10/image-324-150x85.png 150w" sizes="(max-width: 679px) 100vw, 679px">
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   Source: X
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<p>The symmetrical triangle, where the price forms lower highs and higher lows, typically signals consolidation before a potential price surge. </p> 
<p>Should this pattern hold, UNI could see a 200% bullish wave in the coming weeks, as analysts expect the token to target higher resistance levels, particularly around $20. However, UNI’s price trajectory will also depend on broader market conditions. </p> 
<p>Analysts caution that the token could face downward pressure if Bitcoin and Ethereum prices experience further drops. Still, the introduction of new features like the permissionless bridge has strengthened Uniswap’s market position, providing a solid foundation for future growth.</p> 
<p>The post <a href="https://www.thecoinrepublic.com/2024/10/24/how-latest-uniswap-cross-chain-bridge-launch-is-impacting-uni-price/">How Latest Uniswap Cross-Chain Bridge Launch Is Impacting UNI Price</a> appeared first on <a href="https://www.thecoinrepublic.com">The Coin Republic</a>.</p>

How Latest Uniswap Cross-Chain Bridge Launch Is Impacting UNI Price

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