CandleFocus UNI Surges 30% Amid Ongoing On-Chain Development Talks
2024-09-29
Author: Content Editor
Uniswap's UNI token has experienced significant growth, surging 30% in the past month. The platform has also announced a development called ERC-7702, which would introduce gas abstraction, improving user experience and saving them money. The main challenge is authorizing user addresses without gas on-chain. If implemented, ERC-7702 will enhance cross-interoperability. While still in its draft stage, this development has positive implications for the Uniswap community. Currently, UNI is approaching a crucial resistance level at $7.518, which may determine its trajectory. Breaking through this level could lead to further gains, while failure to do so might trigger a downward movement toward $5.899.
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