Altcoins to Watch as Ethereum Breaks Higher: UNI, ARB, LINK, RNDR
- Ethereum finds support at $2,700, gaining 8%..
- Uniswap historically outpaces Ethereum during bullish market phases.
- Arbitrum offers high upside as Layer-2 altcoin rally candidate.
The cryptocurrency market is starting to show signs of a shift, with Ethereum gaining momentum around the $2,700 mark after 8% rise.
While price moves have been choppy, one analyst has said that ETH has found solid support. If Bitcoin holds steady or climbs higher, it could set the stage for Ethereum and other altcoins to rally next. As the market sentiment improves, the analyst has listed several altcoins that could follow Ethereum’s lead:
Uniswap: Moves Faster Than Ethereum When Prices Rise
Uniswap (UNI) is one of the most popular tokens connected to Ethereum. Uniswap’s price usually moves in the same direction as Ethereum, but when the market turns bullish, it often rises even faster.
For example, if Ethereum goes up by 10%, Uniswap might climb 15% or more. This pattern has shown up many times over the past year.
Related: Markets Turn Green as $BTC, $ETH, $SOL, and $XRP Pump — Is This Just the Beginning?
Arbitrum: A Layer-2 Token with Big Bounce Potential
…The post Altcoins to Watch as Ethereum Breaks Higher: UNI, ARB, LINK, RNDR appeared first on Coin Edition.
Read More
Altcoins to Watch as Ethereum Breaks Higher: UNI, ARB, LINK, RNDR
- Ethereum finds support at $2,700, gaining 8%..
- Uniswap historically outpaces Ethereum during bullish market phases.
- Arbitrum offers high upside as Layer-2 altcoin rally candidate.
The cryptocurrency market is starting to show signs of a shift, with Ethereum gaining momentum around the $2,700 mark after 8% rise.
While price moves have been choppy, one analyst has said that ETH has found solid support. If Bitcoin holds steady or climbs higher, it could set the stage for Ethereum and other altcoins to rally next. As the market sentiment improves, the analyst has listed several altcoins that could follow Ethereum’s lead:
Uniswap: Moves Faster Than Ethereum When Prices Rise
Uniswap (UNI) is one of the most popular tokens connected to Ethereum. Uniswap’s price usually moves in the same direction as Ethereum, but when the market turns bullish, it often rises even faster.
For example, if Ethereum goes up by 10%, Uniswap might climb 15% or more. This pattern has shown up many times over the past year.
Related: Markets Turn Green as $BTC, $ETH, $SOL, and $XRP Pump — Is This Just the Beginning?
Arbitrum: A Layer-2 Token with Big Bounce Potential
…The post Altcoins to Watch as Ethereum Breaks Higher: UNI, ARB, LINK, RNDR appeared first on Coin Edition.
Read More