Mit dem Gesetz dürfen juristische Personen, die in dem Land registriert sind, offiziell als DAO LLC firmieren.
Spenden könnten direkt an FTX-Gläubiger zurückgegeben werden: Anwaltskanzlei erklärt Möglichkeiten
Laut der Rechtsexpertin Louise Abbott, könnten FTX-Nutzer vor Gericht sagen, dass die Vermögenswerte niemals der Kryptobörse, sondern die ganze Zeit ihnen gehört haben. Dadurch könnten diese Vermögenswerte aus dem Insolvenzverfahren herausfallen.
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Uniswap versus GMX token? Two DEX contenders, but which one is better?
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Uniswap and GMX are DEX cryptocurrencies
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DEX tokens were boosted by the FTX collapse
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UNI could be preferable in the long term
Decentralised exchanges, or simply DEX, were the talk of the town after the collapse of FTX. As investors’ concerns grew, centralised exchanges such as Binance saw increased fund outflows, benefiting DEX platforms. Uniswap and GMX were among those to benefit from the investor exodus, boosting the native tokens. But which of the two tokens should you scoop?
Uniswap
Uniswap is the largest DEX and is based on the Ethereum network. The blockchain is fully decentralised, implying that no single entity owns or operates it. Being decentralised also means that users have control over their funds. This is opposed to centralised exchanges where users have to share their private keys. Uniswap uses an automated liquidity protocol trading model.
The Uniswap platform is also open source – developers can copy the code to build their own decentralised exchanges. Users can also list tokens on Uniswap for free. The platform is compatible with the ERC20 tokens.
The price of the Uniswap token is $5.31, compared to an all-time high of $45. Any dip buyer investor would find it attractive. However, UNI is largely bearish despite the recent recoveries.
Where to buy UNI
eToro
eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.
OKX
OKX is a top cryptocurrency exchange which offers over 140 cryptocurrencies to invest in. OKX takes customer security very seriously, they store almost all of their clients‘ funds in cold storage, and the exchange is yet to be hacked. On top of this, the exchange offers very low fees and customers can even use their crypto as collateral for loans on the platform.
GMX
GMX is another DEX token that has been popular recently after getting listed on Binance. The platform has also been attracting investors exiting from centralised exchanges. So what is GMX?
GMX is a decentralised exchange that supports spot swaps and perpetual futures. The platform first launched via the Arbitrum One network when it went live in September 2021. Users enjoy up to 50 times leverage on the exchange. Unlike the centralised exchanges, users keep custody of their assets through a crypto wallet.
The DEX is known for zero-price impact trades and low swap charges. Analysts have lauded the platform for giving investors unmatched trading fees of up to 30%.
GMX trades at $46 in a market correction after tapping $60 in a bullish market. The latest high was near GMX’s ATH of $66.
Where to buy GMX
Final verdict
Uniswap is a more established network. UNI suits investors looking for a token of a platform that has outlived several crypto seasons. Dip buyers may also consider UNI a more suitable token as the price is deeply low. On the other hand, GMX ranks ahead in investor earnings through trading fees. The token could be a better option for short-term investors but not dip buyers.
The post Uniswap versus GMX token? Two DEX contenders, but which one is better? appeared first on CoinJournal.
Axie Infinity breakout on a symmetrical triangle incoming after Google Play Store win?
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Axie Infinity has lost 95% of its value from its ATH
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The cryptocurrency trades on a symmetrical triangle
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A breakout could shape the next price direction for AXS
Axie Infinity (AXS/USD) has been one of the hardest-hit cryptocurrencies this year. The token of the play-to-earn platform has lost 95% of its value from its all-time high. However, the last two months of the year should give some hope.
AXS bottomed at $5.9 in early November. The cryptocurrency made some bullish price spikes occasionally, one time touching $14. The price, followed by sudden falls, has failed to inspire a comeback. However, AXS’s price action shows the cryptocurrency has been on a steady ascend. Trading at $7.0 as of press time, AXS had maintained a near-symmetrical triangle. What is its price next?
Perhaps we should start by mentioning that Axie Infinity witnessed some boosts from the latest cryptocurrency news. That Axie Infinity’s Origins game app was successfully okayed on Google Play Store. Axie lovers would be excited at the news as it opens more opportunities for Web 3.0 gaming. Axie said the approval allows it to continue “testing and improving the game.” The team also lauded the development as key to launching Origins in other parts of the globe.
Enough to make the Axie Infinity token explode? No, but there are positives from the price action.
AXS maintains a short-term price recovery
On the daily chart, AXS trades on a symmetrical triangle, although the descending trendline is a bit steeper. The RSI is recording improvements, although the reading is below the midpoint.
AXS will break out next from the symmetrical triangle.
Will AXS break higher or lower
A break from a symmetrical triangle can occur on the upper or lower side. A break out at the descending trendline would set the momentum to bullish. We consider this as the most likely scenario since AXS price is emerging from a bottom. On the contrary, AXS could break lower to trade back to the bottom price.
Where to buy AXS
eToro
eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.
OKX
OKX is a top cryptocurrency exchange which offers over 140 cryptocurrencies to invest in. OKX takes customer security very seriously, they store almost all of their clients‘ funds in cold storage, and the exchange is yet to be hacked. On top of this, the exchange offers very low fees and customers can even use their crypto as collateral for loans on the platform.
The post Axie Infinity breakout on a symmetrical triangle incoming after Google Play Store win? appeared first on CoinJournal.