Assessing if arrival of NFTs on Uniswap can initiate a 78% rally for UNI

The largest decentralized exchange is set to upgrade with NFTs as Uniswap announced that the platform will be integrating an NFT marketplace aggregator in fall 2022. The integration will allow users to discover and trade NFTs across most platforms.

Timeline of Uniswap

Uniswap Labs, the development team behind the decentralized exchange, announced that it has acquired Genie, the world's first NFT marketplace aggregator. The post Uniswap Labs acquires Genie to integrate NFTs into its products appeared first on CryptoSlate.

Decentralized exchange Uniswap has announced the acquisition of Genie, an NFT marketplace aggregator. The company stated that this step is part of its commitment to enable universal ownership and exchange on its platform.

The Uniswap (UNI) price rebounded from $3.37 support with a double bottom pattern breakout. A gradual rise in volume activity along with the recovery rally indicates growth in underlying bullishness.

Uniswap labs is acquiring the Ethereum NFT platform Genie in a bid to bring something new to the NFT space so let's read more in today's latest cryptocurrency news. Uniswap Labs is the company behind the decentralized exchange Uniswap and today, it announced it to be acquiring the NFT aggregation platform Genie.

Uniswap UNI/USD is a decentralized cryptocurrency exchange (DEX) that specializes in providing peer-to-peer (P2P) market trading. The UNI cryptocurrency is an Ethereum ETH/USD token that powers Uniswap.  Within Uniswap, there is no order book or central facilitators, and tokens get exchanged through liquidity pools defined by smart contracts.  The Genie NFT marketplace acquisition as a The post Uniswap acquires NFT marketplace aggregator Genie, should you get UNI? appeared first on Invezz.

With the ongoing slowdown in the crypto markets, NFT enthusiasts in the industry have maintained a studied silence. However, Uniswap, sensing opportunity in adversity, has doubled down on the NFT space and acquired NFT marketplace aggregator Genie.

Uniswap DEX has acquired NFT aggregator platform Genie This marks Uniswap's second foray into NFTs, after Unisocks.  Crypto exchange Uniswap is all set to expand its dominance in the NFT world by acquiring Genie, one of the central NFT aggregator platforms.

Uniswap Labs, one of DeFi's most prominent decentralized exchanges, has acquired an NFT marketplace aggregator for an undisclosed amount, a bullish move in the current crypto market turmoil. Uniswap Labs said Tuesday that it has acquired NFT marketplace aggregator Genie.

Responding to last week's sell-off, the Uniswap (UNI) price pierced through the range support of $4.5 on June 11th. The breakdown fell to 24.8% and reverted immediately to retest the breached resistance.

The price of Uniswap (UNI) fell to its previous low of $3.57 on June 13. The bulls have consistently defended the previous low over the past month. The previous low of May 12 at $3.57 has held for the past month. The bears tried to undercut that level while the bulls bought the dips.