Market analysis shows that Uniswap ($UNI) fundamentals are still weak despite its latest rally. Ethereum Classic’s ($ETC) growing demand among the whales is helping push its value higher but other investors are still cautious. On the other hand, Borroe ($ROE) has already delivered double-digit profits for early investors. Hence, $ROE is the best crypto investment in 2023. Will $UNI and $ETC catch up?
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Uniswap ($UNI) Fundamentals Still Weak
Uniswap’s ($UNI) price has displayed a breakdown from the ascending channel after trending lower since August 2, 2023.
Notably, the breakdown increased selling pressure in recent trading charts, displaying increasing bearishness on the weekly UNI timeframe. Interestingly, Uniswap was even sliding before the flash crash in the crypto space on August 18.
Expectedly, Uniswap ($UNI) bullish investors seemed quite fatigued because of the lack of positive catalysts that would help send Uniswap higher. Nonetheless, o
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