/ Discover the latest insights of the crypto market today: DEX Tokens are surging, UNI, CAKE and SUSHI tokens leads rally.
Author: Nilesh Hembade
Date: 24 Feb 2024, 10:13 AM IST
As the sun rises on the weekend morning, the cryptocurrency market sees Bitcoin (BTC) and Ethereum (ETH) trading without significant movements. However, today’s spotlight shines brightly on decentralized exchange (DEX) tokens, particularly Uniswap (UNI), PancakeSwap (CAKE), and SushiSwap (SUSHI), all of which are experiencing notable surges.
The surge in DEX tokens follows a significant announcement from the Uniswap Foundation. Yesterday, they unveiled long-awaited staking rewards for users, igniting a bullish momentum across the decentralized exchange space.
Current Prices Bitcoin (BTC) and Ethereum (ETH) :
Bitcoin (BTC) is currently experiencing a slight dip of 0.39%, bringing its price to $50,982 in the last 24 hours, with a market cap of $1.00 trillion. On the other hand, Ethereum (ETH) is trading at $2,952, down by a marginal 0.09% in the last 24 hours, boasting a market cap of $354 billion.
Decentralized Exchange Tokens on Rise:
1.Uniswap (UNI): Today, the price of Uniswap’s native token (UNI) has skyrocketed by a staggering 68.60%, reaching $12.14 in the last 24 hours. The market cap for UNI now stands impressively at $7.27 billion.
2.PancakeSwap (CAKE): Similarly, PancakeSwap’s token (CAKE) has seen a significant surge, climbing by 12.70% to $3.22 in the last 24 hours. The market cap for CAKE is now valued at $760 million.
3.SushiSwap (SUSHI): Completing the trio of bullish rallies, SushiSwap’s token (SUSHI) has surged by 30.65% to $1.68 in the last 24 hours. The market cap for SUSHI stands at $389 million, marking a remarkable uptick.
In conclusion, while Bitcoin and Ethereum hold steady, the decentralized exchange tokens UNI, CAKE, and SUSHI are currently leading the charge with remarkable surges.
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