Uniswap (UNI) Price Rallys 20% As DeFi Summer Looms: Here Are 2 Other DeFi Stars Investors Must Hold
Uniswap (UNI) has experienced a significant rally following Bitcoin’s recent surge, with its price jumping by 20%. However, the growth of this DeFi giant has been temporarily stunted due to legal challenges from the SEC.
1. Uniswap Fights SEC Legal Action
Uniswap recently received a Wells Notice from the SEC, indicating that the regulatory body believes Uniswap has violated the law. Specifically, Uniswap is accused of operating as an unregistered securities exchange and facilitating unregistered securities brokers.
In response, Uniswap Labs has asserted that the Uniswap protocol does not fit the definition of an exchange and should not be subject to SEC regulation. They argue that while Uniswap Labs created the protocol, it has since evolved into a “passive” technology used by investors for cryptocurrency trading. Uniswap has also criticized the SEC for overreaching and failing to embrace open-source technology to modernize outdated financial systems.
Despite these legal challenges, Uniswap’s price has seen a slight increase of 1.91%, with UNI currently trading at $9.48.
2. Arbitrum Breaks Out From Trendline Resistance
Arbitrum (ARB) has recently made headlines with a massive 25% surge in just 24 hours, bringing its price to $1.22 before encountering resistance and settling at $1.17. This breakout from trendline resistance has been highlighted by analyst Coin Mastermind, who suggests that Arbitrum could see further gains in the coming month.
Following this rally, Arbitrum’s daily trading volume spiked to over $1 billion, though it has since decreased slightly to $951.73 million at the time of writing. Despite the slight dip in trading activity, some experts believe that Arbitrum could hit a new all-time high this summer if its bullish momentum continues.
3. Rollblock Becomes A Must-Buy Crypto
As the cryptocurrency market enters another bull run, Rollblock is emerging as a must-buy for investors. This innovative new cryptocurrency introduces a DeFi casino, poised to disrupt the billion-dollar online gambling industry. Rollblock’s GambleFi casino, already licensed and operational, aims to modernize the gambling industry by overhauling traditional, outdated processes.
The Rollblock casino offers over 150 games, including popular options like slots, blackjack, and poker. Users can deposit more than 20 different cryptocurrencies to play, with sports betting set to be added to the platform in the coming months.
Investors can buy $RBLK tokens during stage 2 of the presale. Tokens are currently priced at $0.012 but will increase to $0.014 in stage 3. Analysts predict that RBLK could rally by over 720% by the end of the presale.
So concluding all, While Uniswap battles regulatory challenges, Arbitrum and Rollblock are emerging as promising DeFi stars for investors to consider. Arbitrum’s breakout and potential for further gains, combined with Rollblock’s innovative approach to the gambling industry and strong passive income opportunities, make these two DeFi projects worth watching as we approach DeFi Summer.
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