Uniswap (UNI) back above $7: Santiment's level holds after the address surge

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Santiment counted 13,137 new UNI addresses in a single day at the end of October, the most since September 2020. Uniswap now trades at $7.37, above the level the analytics firm called decisive.Add as a preferred source on GoogleFollow on Google NewsUniswap (UNI) is trading above $7 again, and so above the very level that analytics firm Santiment called decisive after the latest surge in new addresses. On Wednesday morning one UNI cost $7.37 according to Coinpaprika (as of 7:50 a.m. CET), up 4.4 percent on the previous day. The question behind the price: are the many new addresses of the past week new investors, or just tokens moving back and forth between wallets and exchanges? Santiment counted 13,137 new UNI addresses on a single day at the end of October, the highest figure since September 2020. As BeInCrypto reported on October 29, the number of daily active addresses rose at the same time to 14,591, the highest in a year. This article puts the figure in context, sets it aga...