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Rain · Buy & Sell Bitcoin, Ethereum, and more in the Middle East

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Cryptos For This Week: ETH, 1INCH, UNI, ZRX, DYDX

By (Rain İçerik Ekibi - Jun 28, 7:00 PM

The amount of available crypto tokens can be overwhelming for beginners and professionals alike, so by highlighting a few to follow, we aim to help investors in gaining focus. In this article, which is the fourth installment of a series of pieces, we’ll try to introduce three to four assets for everyone to follow during the upcoming days. Ethereum (ETH), 1inch (1INCH), Uniswap (UNI), 0x (ZRX), and dYdX (DYDX) are from this week’s long list—read on to see why.

Ethereum (ETH): Well Above $1,200 Again

The king of smart contracts showed the world that it is an asset to be reckoned with when it came back from the below $1,000 range and rebounded to above $1,200 earlier this week. Ethereum appears to have a strong investor base that believes in the second-largest crypto asset by market cap in the long run, and thus it seems they won’t let its price slip once again. In any case, we’ll have to see how the week develops, and whether ETH’s price will consolidate around $1,200 or will fail to keep its elevated level and fall below its previous lows.

1inch (1INCH): Can It Resurrect DeFi?

1inch Network (1INCH) is a Decentralized Finance (DeFi) protocol that is known for aggregating the entire industry’s rates and opportunities into one, comprehensive ecosystem. 1INCH’s price performance hasn’t been exactly positive recently, however, the asset could see a breakout as the market stabilizes at its current state. If prices do consolidate, investors’ fear could decrease, and assets have the potential to start flowing back to DeFi platforms, like 1inch.

Uniswap (UNI): The King Of DEXs

Uniswap (UNI) is an Ethereum-based Decentralized Exchange (DEX) that was among the first to introduce an Automated Market Maker (AMM) protocol, a revolutionary framework, back in 2018. Uniswap has been the most popular DEX in terms of volume ever since, with billions of U.S. dollars in transactions every day. Uniswap does charge its users a fee, which has recently performed the impossible and single handedly overtook the entire Ethereum network’s fees. Whether this remarkable feat gets UNI’s price going, however, remains to be seen.

0x (ZRX): The Go-To Decentralized Exchange For NFTs?

0x (ZRX) is another Ethereum-based DEX that is among the most popular ones of its kind. Contrary to Uniswap, for instance, 0x offers more than ERC-20 fungible token trading: users can swap ERC-723 standard Non-Fungible Tokens (NFTs), too. This is a unique feature that attracts countless investors to 0x, which could make the network surge to its previous highs.

dYdX (DYDX): DeFi And Trading In One

dYdX (DYDX) is a decentralized, Ethereum-based protocol for DEX-style token swapping and various Decentralized Finance (DeFi) options. dYdX is among the most advanced DEXs out there, with trading tools for beginners and professionals alike. However, it’s more than just a DEX, as dYdX also offers DeFi options, such as liquidity providing, lending, and borrowing. As the market stabilizes, investors could start returning to such comprehensive DeFi platforms, which has the potential to boost DYDX in the upcoming days.

Ending Remarks

Tracking all crypto tokens at the same time is borderline impossible, but traders can still be consistent by following just a couple crypto tokens. This week, watch ETH, 1INCH, UNI, ZRX, and DYDX to see whether they will break out, or will not manage to keep their prices stable in the upcoming days.


Rain is a Crypto-Asset Services Provider headquartered in İstanbul. Rain provides services to its users at financial institution standards.





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