Throughout this week, the majority of cryptocurrencies experienced a surge in prices, with Bitcoin hitting a notable milestone of reaching $57,000 for the first time since December 2021. Notably, UNI (Uniswap) stood out with an impressive price surge of 56.48%. This surge in UNI’s value can be attributed to a governance proposal by the Uniswap Foundation, suggesting rewards for staked and delegated UNI holders to enhance governance participation and contribute to protocol growth. Positive investor response led to a significant price increase, establishing UNI as a standout performer among listed cryptocurrencies for the week.
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