{"id":474115,"date":"2022-07-15T02:21:28","date_gmt":"2022-07-14T23:21:28","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/uni-matic-and-aave-surge-after-bitcoin-price-bounces-back-above-20k\/"},"modified":"2022-07-15T02:21:28","modified_gmt":"2022-07-14T23:21:28","slug":"uni-matic-and-aave-surge-after-bitcoin-price-bounces-back-above-20k","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/uni-matic-and-aave-surge-after-bitcoin-price-bounces-back-above-20k\/","title":{"rendered":"# UNI, MATIC and AAVE surge after Bitcoin price bounces back above $20K"},"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-6a413a9e0e67d\" 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-6a413a9e0e67d\" 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-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/uni-matic-and-aave-surge-after-bitcoin-price-bounces-back-above-20k\/#%E2%80%9D_UNI_MATIC_and_AAVE_surge_after_Bitcoin_price_bounces_back_above_20K_%E2%80%9C\" >&#8221; UNI, MATIC and AAVE surge after Bitcoin price bounces back above $20K &#8220;<\/a><ul class='ez-toc-list-level-2' ><li class='ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/uni-matic-and-aave-surge-after-bitcoin-price-bounces-back-above-20k\/#Robinhood_lists_UNI\" >Robinhood lists UNI<\/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\/uni-matic-and-aave-surge-after-bitcoin-price-bounces-back-above-20k\/#Disney_news_provides_a_boost_for_MATIC\" >Disney news provides a boost for MATIC<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/uni-matic-and-aave-surge-after-bitcoin-price-bounces-back-above-20k\/#Aave_rallies_on_stablecoin_developments\" >Aave rallies on stablecoin developments<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_UNI_MATIC_and_AAVE_surge_after_Bitcoin_price_bounces_back_above_20K_%E2%80%9C\"><\/span>&#8221; UNI, MATIC and AAVE surge after Bitcoin price bounces back above $20K &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-28d77a7a>Crypto investors found cause for celebration on July 14 as the market experienced a positive trading session just one day after the Consumer Price Index (CPI) posted a June print of 9.1%, its highest level since 1981.\u00a0<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-07\/c2c8e1ea-fda9-4b13-9aff-1b0235b7daf4.jpg\"><figcaption style=\"text-align: center;\"><em>Daily cryptocurrency market performance. Source: <\/em><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coin360.com\/\"><em>Coin360<\/em><\/a><\/figcaption><\/figure>\n<p>The move higher in the market wasn\u2019t entirely unexpected for seasoned traders who have become familiar with a one to two-day bounce in asset prices following the most recent CPI prints. These traders also know there\u2019s nothing to get too excited about as the bounces have typically been followed by more downside once people realize that the high inflation print is a negative development. <\/p>\n<p>Nevertheless, the green in the market is a welcome sight after the rough start to 2022. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-07\/3e70610e-a5d1-4e2f-b5f9-5e5020ed0c7e.jpg\"><figcaption style=\"text-align: center;\"><em>Top 5 coins with the highest 24-hour price change. Source: CoinMarketCap<\/em><\/figcaption><\/figure>\n<p>According to data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/\">TradingView<\/a>, the biggest gainers over the past 24-hours were Uniswap (UNI), Polygon (MATIC) and Aave (AAVE). <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Robinhood_lists_UNI\"><\/span>Robinhood lists UNI<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Uniswap, the top decentralized exchange by volume, saw its token price head higher on July 13 after hitting a low of $5.23. The token has since climbed 36% to hit a daily high of $7.11 on July 14 amid a 104% spike in its 24-hour trading volume to $449 million. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-07\/3f437adc-719e-4fda-8c6e-6c9a6fbd2922.png\"><figcaption style=\"text-align: center;\"><em>UNI\/USDT 4-hour chart. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>The sharp turnaround in UNI price and trading volume comes as the popular brokerage firm Robinhood announced that the UNI token is now available to trade on the platform, exposing the asset to a large cohort of new buyers who don\u2019t have accounts on other cryptocurrency exchanges. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Disney_news_provides_a_boost_for_MATIC\"><\/span>Disney news provides a boost for MATIC<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Polygon is one of the top layer-two scaling solutions for the Ethereum network that offers a faster, lower-fee transaction experience for users and protocols. <\/p>\n<p>Data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/\">TradingView<\/a> shows that after briefly dipping to a low of $0.52 on July 13, the price of MATIC spiked 36% to hit a daily high at $0.707 on July 14 on the back of a 120% spike in its 24-hour trading volume. <\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-07\/e1732787-d595-4c9e-810c-bd7809d73a9d.png\"><figcaption style=\"text-align: center;\"><em>MATIC\/USDT 4-hour chart. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>MATIC\u2019s price increase follows an announcement that the protocol was the only blockchain selected by Disney to be part of its 2022 Accelerator Program. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Interrupting the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/GreenBlockchainSummit?src=hash&amp;ref_src=twsrc%5Etfw\">#GreenBlockchainSummit<\/a> for some breaking <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">news<\/a>!<\/p>\n<p>We&#8217;re excited to be the only blockchain chosen to be a part of the Disney Accelerator program.  <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/LaGU4bhidi\">https:\/\/t.co\/LaGU4bhidi<\/a><\/p>\n<p>\u2014 Polygon &#8211; MATIC  (@0xPolygon) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/0xPolygon\/status\/1547253982133100544?ref_src=twsrc%5Etfw\">July 13, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Bitcoin analysts weigh sub-$17.5K dip after &#8216;weak&#8217; BTC price bounce<\/em><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Aave_rallies_on_stablecoin_developments\"><\/span>Aave rallies on stablecoin developments<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Aave, a populardecentralized finance platform, is a lending and borrowing protocol that currently holds $5.63 billion in total value locked (TVL), making it the second-ranked DeFi platform by TVL behind MakerDAO. <\/p>\n<p>Data from Cointelegraph Markets Pro and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/\">TradingView<\/a> shows that over the past 24-hours, the price of AAVE has rallied 38.5% from a low of $67.10 to hit a daily high of $93 in the afternoon hours on July 14.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-07\/de974193-48d5-4da7-b337-be93417176bf.png\"><figcaption style=\"text-align: center;\"><em>AAVE\/USDT 4-hour chart. Source: TradingView<\/em><\/figcaption><\/figure>\n<p>Aave sparked excitement within its community on July 7 when it revealed plans to release its own GHO stablecoin, which will be a collateral-backed stablecoin that is native to the AAVE ecosystem. <\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">1\/ Calling all GHOsts \u00a0<\/p>\n<p>We have created an ARC for a new decentralized, collateral-backed stablecoin, native to the Aave ecosystem, known as GHO.<\/p>\n<p>Read more below and discuss your thoughts for the snapshot (coming soon)!<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/P7tHl9LbBe\">https:\/\/t.co\/P7tHl9LbBe<\/a><\/p>\n<p>\u2014 Aave (@AaveAave) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/AaveAave\/status\/1545057714815901696?ref_src=twsrc%5Etfw\">July 7, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The overall cryptocurrency market cap now stands at $927 billion and Bitcoin\u2019s dominance rate is 42.6%.<\/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><\/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 News 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\/uni-matic-and-aave-surge-after-bitcoin-price-bounces-back-above-20k\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; UNI, MATIC and AAVE surge after Bitcoin price bounces back above $20K &#8220; Crypto investors found cause for celebration on July 14 as the market experienced a positive trading session just one day after the Consumer Price Index (CPI) posted a June print of 9.1%, its highest level since 1981.\u00a0 Daily cryptocurrency market performance&#8230;.<\/p>\n","protected":false},"author":1,"featured_media":474116,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDcvMzQyNDAwYWItNTkyOC00OWI2LWIxOGItOTQ1NDMzNDliYmVlLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[92664,74867,74937,74863,74877,74868,75916,95119,77595,75150,90109,113408,88700,73785],"class_list":["post-474115","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-aave","tag-altcoin","tag-bitcoin-price","tag-cryptocurrencies","tag-decentralized-exchange","tag-defi","tag-dex","tag-layer2","tag-lending","tag-market-update","tag-peer-to-peer-lending","tag-polygon","tag-uniswap","tag-markets"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/474115","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=474115"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/474115\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/474116"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=474115"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=474115"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=474115"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}