- Centralized Exchanges (CEXs) have been witnessing service and liquidity issues.
- UNI saw a price difference of 61%, CAKE 40%, and XLM 40% within the past week.
- Market experts look at these tokens as alternatives to CEX token offerings.
Stellar, PancakeSwap, and Uniswap are decentralized exchanges with their native tokens. Meanwhile, the latest developments had FTX into several issues with its governance coin, FTT, including an absence of liquidity.
Meanwhile, Binance wanted to rescue the falling FTX, according to CEO Changpeng Zhao. Nevertheless, the Binance exchange halted the acquisition deal. Meanwhile, the FTX woes have catalyzed massive declines in the cryptocurrency market.
Also, Kraken and Coinbase remained down and experienced latency issues on 8 November amidst market turbulence. Kraken didn’t highlight the issues via its public channels, though it confirmed that it utilizes Proof-of-Reserves audits. Users opt for DEXs, and you can check options such as PancakeSwap. Uniswap, and Stellar.
Time to Buy UNI?
Uniswap changed hands by nearly $5.504 during this publication. UNI hit its ATH on 3 May last year at $44.92. That means the alt hovered 716% or $39.416 higher during its all-time high compared to the current value area.
Assessing the seven-day performance shows UNI hit its lowest mark at $4.80, whereas its high was $7.72. That represents a 61% or $2.92 difference. It might be the correct time to purchase UNI as the alt may soar to $6.2 by November end.
Time to Buy XLM?
Steller has its price action at around $0.090217. XLM hit its ATH on 3 January 2018, exploring the value area at $0.875563. Meanwhile, the alt has lost 870% or $0.785346 since its all-time high.
The past seven days saw the alt hitting the $0.082204 low and peaking at $0.115671. That means a 40% difference. Purchasing XLM offers a lucrative opportunity as the alt can soar to $0.12 by November-end.
Time to Buy CAKE?
CAKE changed hands by nearly $4.036 during this writing. Meanwhile, the alternative token hit its ATH on 30 April 2022 at $43.96. That means 989% higher than the current price.
Meanwhile, the previous week saw the token touching the $3.73 low and $5.23 high, representing a 40% increase. PancakeSwap seems to have what it takes to climb toward $5 by this month’s end.