Famous Analyst May 5th Warning and “Attention to 3 Altcoins” Statement!
Although the correction in the cryptocurrency market continues with all its violence, a popular analyst pointed out that the situation may change, especially in early May.
Although Bitcoin Falls, May May Bring Rise
While Bitcoin (BTC) fell close to 20% in almost 3 days, the total value of the cryptocurrency market was pulled below $ 2 trillion and the total value of Bitcoin to less than $ 1 trillion. Despite this, it is seen that especially Ethereum (ETH) price continues to hold.
The reason why the Ethereum price continues to hold and does not experience a very sharp decline may be the developments in both Uniswap and Ethereum infrastructure. With the enlargement of the block sizes in the Ethereum network, there was a slight decline in transaction fees, and this directly affected the network positively.
3 Altcoins to Watch Out for with Uniswap V3
Uniswap, the largest decentralized cryptocurrency exchange in the Ethereum network, started the countdown to move to its major update, v3. Uniswap V3 will be launched on May 5, 2021, and popular analyst Tyler Swope has made a statement about it. Swope shared 3 altcoins that could be positively affected by Uniswap V3’s entry into the market with its followers.
Crypto analyst Swope stated that xToken (XTK) is the first cryptocurrency that can experience serious activity with the Uniswap V3 update . The Ethereum-based project plans to implement its new product named xU3LP and its liquidity provider with the latest version of Uniswap.
In the post published by the XTK team, it was emphasized that the project will reach a significant level with the Uniswap V3 liquidity and that there will be great changes in May. Uniswap founder Hayden Adams also shared this post on Twitter.
Will Visor Finance and Gelato be able to move?
The analyst stated that another cryptocurrency he took on his radar is Visor Finance (VISR) . VISR is one of the projects contributing to the solution that Uniswap V3 will offer to all liquidity providers. In addition, the fact that Visor Finance has developers working directly with the Uniswap V3 team can also increase the interest of the project.
It is seen that the third cryptocurrency Swope has examined is Gelato. The second version of the Gelato Network has also been developed directly to work with Uniswap V3 and it is expected to have NFT support as well. The analyst also expects Gelato’s token to be released before the end of the second quarter of this year.