Ethereum, Uniswap and Ripple – American Wrap: 26/10/2020


After a massive rally to $ 421, Ethereum is finally in a period of consolidation. One of the largest farmers’ pools, Harvest Finance, was hacked about eight hours ago. The attackers were able to steal nearly $ 24 million worth of cryptocurrencies, causing the token price to drop by more than 60% within hours. Ethereum appears to have been slightly impacted by the crash and lost some bullish momentum.

Uniswap Price Prediction: UNI flashes Buy Signal Targeting $ 3.3 in the short term

The price is currently right in the middle of the model. The bulls appear to have the upper hand after the TD sequential indicator presented a buy signal on the 3-day chart. Uniswap looks poised for a rebound after weeks of bearish action.

Ripple’s CEO takes the moral foundation around politics as XRP struggles to burst

XRP is rapidly losing market dominance after hitting a high of 3.08% on October 20. Currently, the digital asset has a dominant position of around 2.89%, having lost around $ 700 million of market capitalization in the past four days. It’s unclear whether Garlinghouse’s comments will have a direct impact on XRP’s pricing.

Image taken from Pixabay

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