Ethereum, Uniswap, and Floki Cryptocurrency Price Forecast for Asian Market on August 16
Ethereum’s Supply Increases Amid Vitalik Buterin’s Charity Donation
Ethereum (ETH) experienced a 0.7% decrease on Thursday, following three consecutive days of net inflows across ETH ETFs. The cryptocurrency’s annual inflation rate has been on the rise, signaling a potential bullish turnaround.
Uniswap Launches Security Pool for v4 Upgrade
Uniswap (UNI) saw a decline of over 4% on Thursday after introducing a $2.35 million prize pool for researchers to audit its latest v4 codebase. The upgrade is expected to bring new features like on-chain limit orders and flash accounting.
FLOKI Partners with Nottingham Forest
Floki Inu (FLOKI) witnessed a 1.5% drop on Thursday after announcing a partnership with Premier League football club Nottingham Forest for the upcoming 2024/2025 football season. Despite the decline in the meme coin market, a significant number of meme coin addresses remain profitable.
Justin Sun Stakes Ether with Lido
Justin Sun, the founder of TRON, compared staking yields on Ethereum and TRON in a recent tweet. Sun disclosed that he stakes his Ethereum with Lido Protocol, earning a 4% yield on his holdings.
Bitcoin’s Recovery After Market Crash
Bitcoin (BTC) traded above $60,000 on Friday following a 7.2% decline earlier in the week that briefly pushed it below $50,000. The cryptocurrency tested its daily support level at around $49,900 on Monday.
In conclusion, Ethereum, Uniswap, and Floki experienced fluctuations in their prices, with Ethereum facing an increase in supply, Uniswap launching a security pool for upgrades, and Floki forming a partnership with Nottingham Forest. Meanwhile, Justin Sun opted for staking Ether with Lido, and Bitcoin showed signs of recovery after a recent market crash.
