Incidentally, a few of the on-chain metrics were also unsupportive of a price surge. This could be a matter of concern for investors. For instance, UNI’s development activity went down, which by and large is a negative signal.
UNI’s network growth also decreased over the last week, along with a slight decrease in Binance funding rate. This suggested that UNI’s price might go down further. Nonetheless, the Market Value to Realized Value Ratio went up, giving hope to the investors.Subscribe to get it daily in your inbox.
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