{"id":402418,"date":"2022-02-02T02:15:00","date_gmt":"2022-02-01T23:15:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/3-reasons-why-quickswap-quick-price-spiked-by-50\/"},"modified":"2022-02-02T02:15:00","modified_gmt":"2022-02-01T23:15:00","slug":"3-reasons-why-quickswap-quick-price-spiked-by-50","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/3-reasons-why-quickswap-quick-price-spiked-by-50\/","title":{"rendered":"# 3 reasons why QuickSwap (QUICK) price spiked by 50%"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a326c789f527\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a326c789f527\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/3-reasons-why-quickswap-quick-price-spiked-by-50\/#QuickSwap_partners_with_CelsiusX\" >QuickSwap partners with CelsiusX<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/3-reasons-why-quickswap-quick-price-spiked-by-50\/#New_liquidity_pools_could_attract_a_new_breed_of_investor\" >New liquidity pools could attract a new breed of investor<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/3-reasons-why-quickswap-quick-price-spiked-by-50\/#New_staking_options_for_stablecoin_holders\" >New staking options for stablecoin holders\u00a0<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># 3 reasons why QuickSwap (QUICK) price spiked by 50% <\/strong>&#8221;<\/p>\n<div class=\"post-content\" data-v-128018ef>Decentralized finance (DeFi) and the control it gives users over their assets is one of the most <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>licable sectors of the cryptocurrency ecosystem, but the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" data-internallinksmanager029f6b8e52c=\"3\" title=\"General\" target=\"_blank\" rel=\"noopener\">general<\/a> public is still hesitant to interact with most DeFi products due to the steep learning curve and the possibility of losing funds.<\/p>\n<p>One decentralized exchange (DEX) that is taking strides toward bridging the gap between DeFi and centralized finance (CeFi) is QuickSwap (QUICK), the top ranked DEX on the Polygon network. <\/p>\n<p>Data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/\">TradingView<\/a> shows that the price of QUICK saw a rapid 50% spike in value from $166.40 on Jan. 31 to a daily high of $250 on Feb. 1 after its 24-hour trading volume surged by 168%.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-02\/ebde6381-6673-4986-a0a9-4715a925ce9c.png\"><figcaption style=\"text-align: center;\"><em>QUICK\/USDT 4-hour chart. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>Three reasons for the rapid bounce back in QUICK price include the announcement of a partnership with Celsius, the addition of new high yield liquidity pools and the launch of stable-stable pools that offer a higher yield and decrease the risk of impermanent losses. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"QuickSwap_partners_with_CelsiusX\"><\/span>QuickSwap partners with CelsiusX<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The most significant recent development for QuickSwap was the announcement that the DEX partnered with CelsiusX, the DeFi arm of the Celsius banking and financial services platform that is focused on integrating CeFi and DeFi. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/DeFi?src=hash&amp;ref_src=twsrc%5Etfw\">#DeFi<\/a> is about to get a lot more interesting <\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CelsiusXDeFi?ref_src=twsrc%5Etfw\">@CelsiusXDeFi<\/a> x QuickSwap x <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/0xPolygon?ref_src=twsrc%5Etfw\">@0xPolygon<\/a> <\/p>\n<p>\u2764\ufe0f\u200dNow THAT is progress<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CelsiusNetwork?ref_src=twsrc%5Etfw\">@CelsiusNetwork<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24MATIC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$MATIC<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24QUICK&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$QUICK<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/jgn4GZQFLX\">pic.twitter.com\/jgn4GZQFLX<\/a><\/p>\n<p>\u2014 QuickSwap (@QuickswapDEX) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/QuickswapDEX\/status\/1481340207718752257?ref_src=twsrc%5Etfw\">January 12, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Partnering with QuickSwap also allows for the creation of wrapped versions of popular tokens like Cardano\u2019s ADA and Dogecoin (DOGE), which do not currently have a major presence on Polygon, along with well-funded liquidity pools for these assets so that users, bots, arbitrageurs and institutions have easy access to that token.<\/p>\n<p>This also provides DOGE and ADA holders with added ways to use their assets in DeFi to earn a yield instead of simply holding their DOGE or staking their ADA. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"New_liquidity_pools_could_attract_a_new_breed_of_investor\"><\/span>New liquidity pools could attract a new breed of investor<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A second factor helping to bolster the price and momentum of QUICK has been the launch of multiple new liquidity and \u2018syrup\u2019 pools. This could be a bullish sign, especially when considering that a handful of projects launched and integrated bridges to the Polygon network in January.\u00a0<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-02\/d4b52531-7997-49d0-b407-dc7964ed365e.png\"><\/figure>\n<p>Aside from the addition of support for DeFi protocols like Atlantis Loans or the layer-one blockchain solution Orbs (ORBS), QuickSwap has seen a flurry of added support for nonfungible tokens (NFT) projects, which have once again been gaining momentum despite the wider weakness in the cryptocurrency market. <\/p>\n<p>Some of the newly supported NFT projects on QuickSwap include the UniArts network, Dogira, OneRare and Blockchain Monsters Hunt. <\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>$1B worth of ETH burned in the past 30 days due to record high OpenSea NFT transactions<\/em><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"New_staking_options_for_stablecoin_holders\"><\/span>New staking options for stablecoin holders\u00a0<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A third factor helping to attract users and liquidity to the QuickSwap DEX is attractive yields for liquidity providers of stablecoin-stablecoin pairs. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Yielding on stables sound good? <\/p>\n<p>\u2696\ufe0fQuickSwap offers several stable-stable pools where LPs can earn over 14% <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/APY?src=hash&amp;ref_src=twsrc%5Etfw\">#APY<\/a> &amp; balance risk of Impermanent Loss<\/p>\n<p> If yielding on <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24USDC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$USDC<\/a>, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24USDT&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$USDT<\/a>, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24MAI&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$MAI<\/a> &amp; <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24DAI&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$DAI<\/a> while earning <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24dQUICK&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$dQUICK<\/a> rewards sounds like your jam: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/Ac4PagsDsY\">https:\/\/t.co\/Ac4PagsDsY<\/a> <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/uRMQ8C790G\">pic.twitter.com\/uRMQ8C790G<\/a><\/p>\n<p>\u2014 QuickSwap (@QuickswapDEX) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/QuickswapDEX\/status\/1485620011825713158?ref_src=twsrc%5Etfw\">January 24, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>These pools provide users with an opportunity to earn a decent yield while also decreasing the risk of impermanent loss associated with other types of liquidity pools. <\/p>\n<p>This could also present more attractive stablecoin yields for depositors on the Celsius network and increase the overall liquidity locked on the QuickSwap protocol.<\/p>\n<p class=\"post-content__disclaimer\">The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.\n<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/p>\n<\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/3-reasons-why-quickswap-quick-price-spiked-by-50\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# 3 reasons why QuickSwap (QUICK) price spiked by 50% &#8221; Decentralized finance (DeFi) and the control it gives users over their assets is one of the most applicable sectors of the cryptocurrency ecosystem, but the general public is still hesitant to interact with most DeFi products due to the steep learning curve and the&#8230;<\/p>\n","protected":false},"author":1,"featured_media":402419,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDIvYjk5MjFhZmEtZDAxNi00MmMwLTk3MDAtYjYxNzlkYzhiZjVhLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74867,88119,74863,74860,74983,74877,74868,95119,113408,74355,73785],"class_list":["post-402418","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-altcoin","tag-altcoin-watch","tag-cryptocurrencies","tag-cryptocurrency-exchange","tag-decentralization","tag-decentralized-exchange","tag-defi","tag-layer2","tag-polygon","tag-adoption","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/402418","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=402418"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/402418\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/402419"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=402418"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=402418"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=402418"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}