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Uniswap (UNI), PancakeSwap (CAKE), and Curve DAO (CRV) are the best AMM tokens you can get in June.
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PancakeSwap saw the burn of 6,840,003 CAKE tokens which equaled $32 million.
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Uniswap made an analysis of how v3 outperforms v2, and Curve Finance saw the addition of new pools.
Uniswap (UNI), PancakeSwap (CAKE), and Curve DAO (CRV) have all showcased solid performance as automated market makers (AMMs).
According to a report by Uniswap Labs on June 6, 2022, Uniswap v3 outperforms v2 by 160% for 1-bp fee-tier range-bound stablecoin pairs by 80% for 100-bp fee-tiers, 16% for 30bp-fee tiers, and 68% for 5-bp fee tiers.
Uniswap also introduced their new Smart Contract Engineer, Sara Reynolds.
PancakeSwap also made an announcement that 6,840,003 CAKE tokens were burned, which equaled $32 million.
Curve Finance also saw the launch of a stDOT+xcDOT Curve Pool, which features Lido Finance LDO LP rewards on the Moonbeam Network.
Should you buy Uniswap (UNI)?
On June 7, 2022, Uniswap (UNI) had a value of $5.089.
The all-time high of Uniswap (UNI) was on May 3, 2021, when the token reached a value of $44.92.
Going over its performance throughout the previous month, Uniswap (UNI) had its highest point of value on May 5 at $8.0409. Its lowest point was on May 12 at $4.1263.
Here we can see that the token decreased in value by $3.9146 or by 48%.
However, since it has climbed back up to $5.089, UNI can have a bullish turn and climb to $6.5 by the end of June, making it a solid token to consider.
Should you buy PancakeSwap (CAKE)?
On June 7, 2022, PancakeSwap (CAKE) had a value of $4.3588.
Going over the token’s all-time high, PancakeSwap (CAKE) saw its ATH on April 30, 2021, at $43.96.
Looking at how the token performed last month, PancakeSwap (CAKE) had its highest point of value on May 5 at $7.8776. Its lowest point was on May 12 at $3.4286.
Here we can see that CAKE was bearish last month, with a decrease of $4.449 or 56%.
However, it has climbed back up in value by $0.9302 or by 27%.
With this momentum, CAKE can reach $6 by the end of June 2022.
Should you buy Curve DAO (CRV)?
On June 7, 2022, Curve DAO (CRV) had a value of $1.188.
Looking at the all-time high of the token, Curve DAO (CRV) had its all-time high value on August 14, 2022, at $15.37.
When we look at its performance in May, Curve DAO (CRV) had its highest point of value on May 5 at $2.6313. Its lowest point was on May 20 at $1.0764.
Here we can see that the token decreased in value by $1.5549 or by 59%.
This makes $1.188 one of the cheapest entry points to get the CRV token, as it can climb to $2.2 by the end of June 2022.
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Tagged: Analysis, crypto blog, Crypto news