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The chief investment officer of the crypto asset manager Bitwise says he believes one decentralized finance (DeFi) project on the Ethereum (ETH) blockchain is currently undervalued. Matt Hougan says the market cap of Uniswap (UNI), which is approximately $6 billion, currently “feels too small.” “[Uniswap] would be the 400th largest financial services business in the world – roughly the same size as Storebrand, a savings and insurance business in Norway.” According to Hougan, regulatory uncertainty could be driving Uniswap’s current undervaluation, but that could change amid the U.S. Securities and Exchange Commission’s (SEC) recent initiatives to provide regulatory clarity for crypto assets. Per a Grayscale Research report released in late June, Uniswap is among the top-10 decentralized exchanges. Over six months ending on May 31st, Uniswap ranked third in terms of volumes. Uniswap generated $487 million in fees behind Solana-based decentralized exch...

Shiba Inu (SHIB) is one of the most popular crypto projects in the market. One of the most significant reasons for SHIB’s incredible popularity is due to the stories of average people making millions with minimal investments. People who got into the project in its early days reaped massive returns within a very short period. Also Read: Amazon Stock (AMZN) Outpaces Dow: Surges 20% in 3 Months $1000 Of Shiba Inu Could Have Made You $103 Million Source: Changelly If you purchased $1000 of SHIB right after its launch in August 2020, you could have made generational wealth. If you held on to the tokens and sold them when SHIB was at its all-time high of $0.00008616 in October 2021, you would have made a profit of more than $103 million. Your portfolio would have grown by 10,303,317.815 (10.30 million percent). Also Read: Microsoft: Could Bitcoin Shift Lead MSFT to Record 2025? If you continued to hold the tokens till today, your investment would have been worth $38.76 million. In this ...

Ripple’s XRP token is one of the most popular crypto projects. XRP is one of the most utilized currencies for cross-border remittances. Despite its popularity, the asset has faced substantial hurdles over the last few years. Also Read: US Stock: Here’s How High Tesla (TSLA) Share May Rise By Mid October While many significant crypto projects hit all-time highs during the 2021 bull run, XRP did not. The asset hit an all-time high of $3.40 in January 2018, over six years ago. XRP is currently down by 84.5% from its 2018 peak. Why The Dull Performance? Source – Coinpedia One of the primary factors for the asset’s lackluster performance over the last few years was Ripple’s lawsuit with the SEC. The financial watchdog accused the fintech company of selling unregistered securities and filed a lawsuit against the company in December 2020. The lawsuit led to significant barriers to XRP’s price. The lawsuit recently settled, with the fintech company paying a fine of...