Study Claims 98% Of Crypto Projects Listed On Uniswap Between 2018 And 2021 Were Rugpulls

A new report claims that 98% of all tokens listed between 2018 and 2021 on decentralized cryptocurrency exchange Uniswap were scam-related, otherwise known as rug pulls . A typical rug pull scam takes place when developers lure investors into putting their money into new crypto projects created only for them to pull out prematurely.

Timeline of Uniswap

The most recent Uniswap price analysis confirms a decreasing trend for cryptocurrency today as the coin value has degraded. The market has been following a bearish trend after reaching a high of $7.75 in the last 4-hours, with resistance currently present at $7.74 for UNI/USD pairs.

Uniswap [UNI] made headlines as it stood to be the highest revenue-generating protocol as of 6 November. Furthermore, things also looked quite optimistic for the blockchain owing to a few other positive developments.

The latest Uniswap price analysis shows a massive bullish trend after the bulls reclaimed above the $7.30 level. Resistance for the coin is present at $7.74, However, a break above this level is expected to push the coin towards $8.00 and $8.10 levels in the near term.

The Uniswap price analysis is showing bullish signs once again after an extended period of consolidation. The price of UNI/USD started to rise later in the day, and the bulls are successfully continuing their endeavor today as well, as the price has increased significantly over the past few hours.

Uniswap price analysis shows that the cryptocurrency has undergone loss once again. After the bullish price function of yesterday, the bearish pressure has returned, and bears have taken the lead again.

Uniswap price analysis shows a downtrend today as UNI/USD  price consolidates $6.89.The market is expected to see lower prices as the bearish pressure continues. Price has currently set a new support level at $6.73 while it faces resistance at the $7.10 mark, which is just above the current market price.

Blockchain technology has proven to be extremely disruptive and empowering in both the public and private computer application industries. However, the most recent Uniswap data illustrates that crypto investors have been slammed by a wave of rug pulls.

The Uniswap decentralized exchange experienced an increase in demand and utility in the last seven days. A reasonable outcome since the market moved from a previously low volume period earlier in October to a high volume phase towards end-month.

Uniswap (UNI) is in a sideways trend as buyers hold the price above the moving average lines. The altcoin is trying to retest the resistance at $7.00. Buyer penetration is a challenge at the $7.00 resistance level.

Uniswap price analysis predicts an increasing trend for cryptocurrency today. Although the price was facing bearish resistance earlier, the bulls have managed to bring the price to $6.97 in the last 24 hours.