Where will WTRX, UNI and TAMA price rally hit as price surge continues

Even though Bitcoin and many other crypto assets have the potential to be used as an electronic "currency," this isn't how they have been put to use or traded up until now. Cryptocurrencies are extremely volatile asset classes instead of being held as investments and have traded primarily in correlation with other high-risk assets like technology stocks.

When central banks started to raise interest rates earlier in May, there was a significant decline in the value of the crypto asset market, as well as a considerable decline in the value of technology and risky assets as investors fled to save assets.

Most cryptocurrencies have been impacted by this current instability and fluctuation in the crypto market. In this article, we’ll discuss the top 3 cryptocurrencies that have been affected the most by this price surge.

What Is UNI?

The Uniswap (UNI) protocol is the newest cryptocurrency challenger to enter the fight for decentralized finance (DeFi) market share in the Ethereum ecosystem.

For automated liquidity provision, Uniswap is a highly decentralized protocol. On the Ethereum blockchain, UNI swaps ERC20 TOKEN runs. It functions with the aid of unicorns, allowing traders to trade without having to put their trust in a middleman.

To some extent, UNI imitated Ethereum. With a platform that has thrived independently, it has demonstrated to be a market-fit product for highly decentralized financial infrastructure. UNI makes it possible to share community ownership and to have vibrantly diverse and committed governance, both of which will eventually direct the protocol in the right direction.

Price prediction of UNI

Uniswap is ranked 34 in terms of market capitalization and has a holding cap of $618,010,639. UNI, however, is currently trading at $3.05 with a 24-hour trading volume of $254,658,784. However, Uniswap began trading at $1.03 but later soared to an all-time high of $8.40 two days after its launch.

The market that is currently most active is Uniswap v2. However, over 8% of the token's value has been lost in the last week, but analysts claim that this is to be expected before the market consolidates. In the short term, UNI does not seem to be the best option, but in the long term, it is expected to grow and show promising results.

What is TAMA?

As of October 5, Tamadoge (TAMA), which has increased by over 400% over the last seven days, appears to be attracting the attention of cryptocurrency investors. The meme token is in line with cryptocurrency heavyweights like dogecoin (DOGE) and Shiba Inu (SHIB), but it is attempting to differentiate itself with its selection of crypto gaming.

Tamadoge is a brand-new play-to-earn (P2E) platform that aims to gain traction in a crowded market. Users can create their own Tamadoge pets, breed them, and engage in metaverse combat with them.

With their pets, investors will vie for the top spot on the monthly leaderboard. Additionally, it intends to develop augmented reality (AR) experiences. The Tamadoge pets are depicted as non-fungible tokens (NFTs), each of which is "minted as a baby" and has its own unique advantages and disadvantages.

As users give them food and engage with them, the NFT pets will then develop over time.

Price prediction of TAMA

TAMA is probably going to be the next cryptocurrency to take off once it hits the open market and exchange listings start, as Tamadoge has one of the strongest communities in all of cryptocurrency.

The centralized exchange (CEX) OKX currently has a listing for Tamadoge that has been confirmed, and with plans for a steady stream of listings, it makes sense that this list will continue to expand over time. TAMA's price increased to $0.03 just from the presale, and it will likely rise again once the play-to-earn (P2E) game and Metaverse world are released.

Moving forward, Tamadoge will probably establish itself as one of the best meme coins available by 2025. The project will have had three years to establish itself and roll out all of its intended features. So, not only is TAMA at the top for short-term investments but for long-term investments as well, and it is definitely the top-performing coin of 2022.

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What is WTRX?

The native cryptocurrency of Tron is called Tronix, also known as WTRX. Tron is a blockchain-based platform that provides its users with two primary services. One is the decentralized sharing of media files and other documents.

One of the major platforms, and the concept has been well received, aims to decentralize the internet and enable faster file sharing between users without relying on external applications.

WTRX's enormous potential was demonstrated in 2017 when its initial coin offering raised more than $60 million. Despite having a supply cap of 100 billion Tronix, unlike well-known cryptocurrencies like Bitcoin and Ethereum, there is no known limit on the total number of Tronix that can be purchased.

Price prediction of WTRX

According to a wrapped TRON price prediction from CryptoPredictions for 2022, the token should end the year at $0.109 before rising to $0.131 a year later. The site predicts that it will be between $0.13 and $0.19 by the end of 2024, $0.17 by the end of 2025, and $0.186 by the end of 2026 before reaching its current level.

The token is expected to trade at $0.084 this year and average $0.13 in 2023. The site projects it will increase to $0.18 by 2024, and the wrapped TRON price will be $0.27 by 2025. The score should reach $0.39 in 2026 and $0.57 in 2027.

Price prediction of some other cryptocurrencies affected by the price surge

Besides UNI, TAMA, and WTRX, there are other cryptos as well that have been affected by the price surge in the crypto world. Let's discuss them below.

1. LUNC

An algorithmic stablecoin ecosystem called Terra Luna ($LUNA) launched in July 2019 and crashed in May 2022, costing investors more than $60 billion.

The Luna Classic (LUNC) has been gaining momentum since September as investors flood back into the ecosystem in an effort to make up some lost ground. LUNC has increased by more than 70% to its current price of $0.00031 after falling to a low of $0.00018 in September.

In fact, LUNC was able to soar by a staggering 590% from the low of August 2022 to the high of $0.00055 in September 2022. The main cause of the price increase was Binance's announcement that they would launch a plan to reduce the token supply by burning 1.2% of each LUNC transaction.

2. Ripple

By the end of 2020, $0.50 was predicted, assuming the fractals are correct. Somehow, the goal was accomplished. Despite only representing a 16% loss from the target prices, it still covered the majority of the expected prices.

XRP prices are rumored to move explosively once traders and investors rush in to make investments. It makes sense that by the end of this year, XRP will reach the $2.30 mark.

Many analysts predict that XRP will finally emerge from its shell to reach a new point of $2.50 based on its past prices and how the currency has performed over the last two years.

To sum it up

Even with a fluctuating market, a lot of people have faith in cryptocurrencies. After all, Binance's 24-hour trading volume is 18.84 billion USD. During this surge, TAMA seems to be the best coin to invest in, followed closely by WTRX.

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This article is sponsored by FINIXIO