#UNISWAP good technical outlook & awaiting good news.
2024-07-30

Greetings everyone! 

The latest news surrounding the second cryptocurrency by market capitalization has been confirmed - the SEC has given permission to trade #ETF on #Ethereum. But, the market reaction to this fact was restrained, which suggests that investors need more time for analysis.

However we see a positive trend, cryptocurrencies are being introduced into more and more aspects of our lives and penetration is commensurate with the advent of the Internet. 

From our point of view, we are in 1994, when there is still no clear understanding of how the Internet can change our lives, but absolutely everyone understands that this is inevitable. Moreover, the latest information leaks coming from participants in the US election race are making crypto market participants even more happy. Only recently has Bitcoin risen to an institutional level, and today we are already hearing about the possibility of using the first cryptocurrency as a reserve, on an equal basis with gold.

We believe that incoming news may indicate a possible withdrawal of claims from the SEC against many companies, but after permission for ITF from Ethereum, UNISWAP should be one of the first in line.

William Abagnale
Cryptanalyst of Vokcapital. 