In the new month of July, BTC, ETH and UNI experienced a decrease over the past week. On the contrary, LTC, SOL and BCH did significantly well while XRP remains constant. The price of SOL surged by 19.60%, could be driven by the anticipation of a Spot Solana ETF approval by the SEC, the success of investment firms filing for the ETF, and positive market sentiment. A considerable drop in the price of UNI by 16.54% could be due to several factors, including the success of BlockDAG’s presale diverting investor interest, market challenges, a decline in Total Value Locked (TVL), and increased competition in the DeFi space. SOL’s significant price increase reflects strong market optimism and anticipation of regulatory approval, while UNI’s sharp decline highlights the impact of competitive pressures and market challenges. The moderate movements in BTC, ETH, LTC, and BCH suggest a more stable performance relative to SOL and UNI.
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