Sun. Aug 7th, 2022

  • Decentralized exchanges are becoming increasingly popular.

  • Knowing which tokens to invest in early on can generate huge returns.

  • Uniswap, Stellar and Loopring are worth your attention on December 10th.

Uniswap is one of the largest decentralized exchanges used to exchange cryptocurrencies. It runs on the Ethereum blockchain and UNI is the native cryptocurrency token.

Stellar is a network that acts as a decentralized, distributed exchange that allows you to trade and convert assets. The XLM token is its native cryptocurrency token.

Loopring is an open source, tested and unprotected exchange protocol. LRC is a native ERC-20 token in the protocol.

Should you buy Uniswap (UNI)?

On December 10th, Uniswap (UNI) was valued at $ 16.14.

To get a better idea of what exactly this means for the token, we'll compare its current value to its all-time high as well as its November performance.

In relation to the token's all-time high, Uniswap (UNI) was valued at $ 44.92 on May 3. So, at its ATH value point, the token was $ 28.78, or 178% higher than it was on December 10th.

On November 10th, UNI was valued at $ 28.4, the highest value for the month.

Its lowest value was on November 28th when the token fell to $ 18.82. Here we can see that the value of the token has fallen by $ 9.58, or 33%.

At USD 16.14, the UNI token is an affordable entry point as the value of the token can rise.

UNI has the potential to hit $ 18 by the end of December, making it a solid buy.

Should you buy Stellar (XLM)?

On December 10, Stellar (XLM) was valued at $ 0.27.

To get a better idea of what exactly this means for the token, we'll compare its current value to its all-time high as well as its November performance.

In relation to the all-time high value of the Stellar (XLM) token, it was valued at $ 0.87 on January 3, 2018. This means that at its ATH value point, the token was $ 0.6, or 222%, higher than it is now.

On November 10, Stellar (XLM) had its highest value of $ 0.43.

However, its lowest value was on November 28th when the token fell to $ 0.30. Here we can see that the value of the token has fallen by $ 0.13, or 30%.

If the token breaks above $ 0.30, it has the potential to hit $ 0.35 by the end of December. However, should the token drop below $ 0.25, it might be worthwhile to reconsider the purchase.

Should You Buy Loopring (LRC)?

On December 10th, Loopring (LRC) was valued at $ 2.47.

To get a better idea of what exactly this means for the token, we'll compare its current value to its all-time high as well as its November performance.

The Loopring (LRC) token hit its all-time high of $ 3.75 on November 10th. Here we can see that the token was $ 1.28, or 51%, higher than it is today at its ATH value point.

LRC's lowest value for the month was on November 1st when it fell to $ 0.62.

Its highest value in November was its ATH on November 10, when the token climbed to $ 3.72. The token had increased in value by USD 3.1 or increased by 500%.

With a current price of $ 2.47, LRC is a worthwhile purchase as it has the potential to climb to $ 3 by the end of December.

The post Top 3 of the decentralized exchange tokens to be bought on December 10th: UNI, XLM and LRC appeared first on BitcoinMag.de .

By Dov Herman

Dov is a Blockchain and Forex trading enthusiast, who spends most of his time trading and examining software who are related to cryptocurrencies and forex trading. You can follow on Dov’s reviews and articles here on TrustedBrokerz and across the web.