The latest news affecting the price performance and progress of the crypto projects Uniswap (UNI), Algorand (ALGO) and Litecoin (LTC).
Uniswap (UNI), Algorand (ALGO) and Litecoin (LTC): the performance of cryptos in the first quarter of 2023
Since the beginning of 2023, the price performance of Uniswap (UNI) and Algorand (ALGO) draw more or less the same chart: a jagged mountain that has brought today’s price back to more or less the initial one.
And indeed, Uniswap, 22nd crypto by total market capitalization, started the year at a price of $5.16, while UNI is worth $5.30 at the time of writing. More or less the same is true for Algorand, 41st crypto by market capitalization, which today returned to its New Year’s Eve price of $0.17.
However, the situation is different for Litecoin (LTC), the most historic of the three cryptos, the one that has been called the digital silver. In fact, LTC was worth $70 on New Year’s Eve, while at the time of writing its price has risen to $88.
However, LTC’s bullish trend into 2023 has not been linear. In fact, in these early months of 2023, LTC hit two peaks of $102 on both February 16 and April 18.
But it also made a low of $67 on March 11, which was below its New Year’s Day price, something that UNI and ALGO prices did not do.
Uniswap: the latest news from the crypto project.
The price pump to UNI’s 2023 high of February, came at a time when there were discussions about whether or not to decentralize the crypto exchange, ahead of votes to implement the BNB trading protocol on DEX.
And indeed, at that time, given the large stake of 15 million UNI tokens by Andreessen Horowitz Venture Capital Fund, or a16v, the question was raised as to whether the DAO behind Uniswap was not so much decentralized.
In fact, although a16v voted against it, the final vote was won by the yes vote, and so in March 2023, the BNB chain was integrated into Uniswap’s DEX.
Then, in April, Uniswap’s crypto project also launched its mobile auto custodial crypto wallet for iOS devices. Basically, users can exchange DeFi tokens on Ethereum, Polygon, Arbitrum and Optimism while on the go.
Algorand’s (ALGO) progress.
Silvio Micali’s crypto, Algorand (ALGO), seems to be focusing more on expansion. In fact, several collaborations have recently been announced on its Twitter account.
In practice, in the last week alone, Algorand has partnered with the Blockchain Acceleration Foundation to expand to the level of “blockchain education” in the Americas.
In another collaboration, South American airline TravelX will launch NFT tickets on Algorand’s blockchain, ushering in a new era in the travel industry.
While ALGO is now trying to catch up, its 2023 bull run stalled in March when it suffered a cyberattack that affected MyAlgo users.
The foundation had warned that the layer 1 blockchain had not been compromised, but that users of the crypto wallet were advised to withdraw their cryptocurrency.
Litecoin (LTC): How is the most historic crypto developing? Comparison with Uniswap and Algorand
The latest crypto project to be analyzed is then Litecoin (LTC), which despite its long history remains in 12th place by total market capitalization.
And in fact, Litecoin has worked tremendously over the years in terms of its expansion.
However, its latest news concerns Venmo, a U.S.-based mobile payment service that was founded in 2009 and has been owned by PayPal since 2013. Venmo is aimed at friends and family who want to share expenses, such as a movie, dinner, rent, or event tickets.
In this regard, Litecoin, along with 3 other cryptos, will be able to be transferred to Venmo’s platform, which has over 60 million customers.