Shiba Inu, Uniswap Top Weekly Gainers Among Top 20

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Shiba Inu, Uniswap Top Weekly Gainers Among Top 20
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Shiba Inu and Uniswap now highest weekly gainers among top 20 ShibArmy SHIBCommunity SHIB Crypto UNI DEX Altseason2022

AMM protocol is up 11.21% in the last 24 hours. As shared on its Twitter handle, Uniswap has moved to acquire Genie, an NFT marketplace aggregator, thus expanding its products to include both ERC-20s and NFTs.

Starting this fall, users might be able to buy and sell NFTs directly on the Uniswap web app. The Uniswap protocol notes that this is not its first foray into NFTs. In spring 2019, it launched Unisocks, the first instance of NFT liquidity pools and NFTs backed by real-world assets.Bitcoin traded once again around the $20,000 level, moving in tandem with weakening stocks amid mounting concerns about a global recession.

The biggest cryptocurrency is currently trading at $20,764, down 4.13%. Ether, the second largest cryptocurrency, fell by 5.62% to trade at $1,113 at the moment. At the time of publication, most cryptocurrencies, notably those in the top 100, are losing value. Since several months ago, cryptocurrencies have been trending in the same way as stocks, and Wednesday's changes were no different as investor interest in risky assets waned due to rising concerns about an economic slowdown. Similar to its behavior during much of May to September of the previous year, Shiba Inu appears to be consolidating around the $0.000008-$0.000012 range.

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