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Assessing the chances of Uniswap, Sushiswap getting on board the bullish train
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Amidst market pumps and corrections over the past month, a particular set of coins have dropped down the pecking order. Uni, Sushi, Cake, all these assets other assets having food ticker titles, have slid down the crypto rankings in the market.
At press time, Uniswap was ranked 18th with a market cap of $13.2 billion, whereas PancakeSwap and Sushiswap had dropped down to 43rd and 76th respectively.
The rise of DEXs was critical factor in the price appreciation of these tokens but their current performance suggests there might be a lack of momentum. With the market poised for a bullish rally end of December, are these tokens going to miss out?
Source: Trading View
At press time, UNI and SUSHI were both trying to break away from their immediate
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