Youniverze Finance (YUNI) Bitcoin (BTC) And Ethereum (ETH)
Blockchain technology and distributed ledger networks are becoming more and more well-known every day. Linking these new chains is necessary as more people become aware of emerging blockchain technologies and their potential.
Blockchain applications are expanding in part as a result of developers’ eagerness to think creatively and make the most of the technology’s potential. The growth is also due to the awareness that no single solution will be able to simultaneously address every requirement of the blockchain.
A well-known fact is that blockchains struggle with scalability and congestion. Wide-ranging effects include longer transaction processing times and higher transaction prices, which harm the consumer experience.
What Is Youniverze Finance (YUNI)?
The ultimate multichain trading, sourcing, and bridging platform for cryptocurrencies is Youniverze Finance. It doesn’t matter where the user is or where they wish to go. They can be led down the most effective, economical, and secure path by Youniverze Finance.
Simply said, YUNI is similar to a traditional exchange. There are, nevertheless, some major functional differences. Youniverze Finance (YUNI) is superior due to these important distinctions.
Best Price: Youniverze Finance (YUNI) will determine the DEX or bridge with the most affordable swap rate. It involves routing customers through less expensive channels and making arbitrage calculations on the fly.
Simple to Understand and Use: For a variety of reasons, even experienced cryptocurrency owners and users find some blockchain and crypto platforms, in particular multichain platforms, difficult to use. These include managing currencies that have been wrapped, providing fees for all blockchains, etc. By substituting numerous UIs with various experiences with a streamlined and user-friendly interface, Youniverze Finance (YUNI) will gain traction.
Higher Liquidity: Youniverze Finance enables customers to simultaneously access a variety of liquidity sources, such as in-chain and multichain liquidity providers. They will experience fewer slippages in high-volume transactions as a result.
Multiple chains: Youniverze Finance enables asset transfers between two chains. The goal of Youniverze Finance is to support as many blockchains as possible.
Incentivisation and Rewards: Youniverze Finance will only focus on using various incentive and reward programmes to compensate early adopters for their significant contributions.
Developers will test their multichain on a number of different blockchains before officially publishing it. Then, interchain transactions will start.
Will Bitcoin (BTC) Remain At The Top Of The Charts?
After nearly a week of an upswing beginning on July 13, there has been an increase in sell-side activity that has caused a regression in the price of Bitcoin. BTC has now reached a level where its future and possibly the course of other coins will be decided.
The thirty-day Exponential Moving Average (EMA) is at $22,010 and is above the 100 four-hour Simple Moving Average (SMA) at $21,562, thus the bulls still have a chance to recover despite this downturn.
Investors might anticipate volatility as a result of the Fed’s intervention to raise interest rates by an additional 75 basis points. Although a small dip below $21,710 should be anticipated, a swift rebound should signal an optimistic attitude.
Where is Ethereum (ETH) At?
Despite the greater cryptocurrency market demonstrating sluggishness, the price of Ethereum (ETH) has been stable since early last week, with weekly gains above 15% based on the live price statistics by CoinGecko. Following the news that Tesla had sold 75% of its Bitcoin (BTC) holdings, Ether‘s resiliency was put to the test once more.
Based on recent swings within an ascending channel pattern, analyst PostyXBT believes Ether will have an interim upside retracement.
The most popular smart contracts token had recently surged from support at around $1,040 and nearly touched $1,700. Assuming the pattern holds true, the price of Ethereum (ETH) might reach $1,700 before the end of July however the upcoming Federal Open Market Committee (FOMC) meeting may restrict ETH’s capacity to continue the rebound to the $2,000 level.
Find out more about Youniverze Finance down below.