The cryptocurrency market continues to experience a bullish surge, driven by Bitcoin’s ($BTC ) remarkable performance. BTC has climbed 31% in the past month, reaching a record-breaking $103,900. This upward momentum has extended to altcoins, with BTC dominance slipping from 61.53% to 55.24%, signaling a shift of market interest toward alternative cryptocurrencies.
Among the leading altcoins, Uniswap ($UNI ) and Litecoin ($LTC ) have stood out with gains of 114% and 86%, respectively. Both tokens are now approaching critical resistance levels, presenting potential opportunities for further significant price movements.
Uniswap (UNI): Testing Critical Resistance Zone
Uniswap (UNI) has surged impressively from $9 to its current price of $18.72, marking a 114% gain over the past month. This rally has brought UNI into a key resistance zone between $18.20 and $20.20.
A confirmed breakout above the $20.20 level could signal the continuation of the bullish trend, potentially propelling UNI toward the next major resistance levels at $23.06 and $28.30. Such a move would represent a potential 40% price increase from the current resistance point.
Litecoin (LTC): On the Verge of a Breakout
Litecoin (LTC) has also delivered strong performance during the ongoing market rally. The token has climbed from $70 to a recent high of $146, currently trading around $133.42. LTC now finds itself within a critical resistance range between $128 and $146.
Should LTC successfully break above the $146 level, it could pave the way for a substantial rally, with the next significant resistance target at $296. This breakout could result in a potential upside of up to 100% from the current resistance level.
The Moving Average Convergence Divergence (MACD) indicator for LTC supports this bullish outlook, showing sustained momentum in favor of buyers.
What’s Next for UNI and LTC?
Both Uniswap (UNI) and Litecoin (LTC) are exhibiting strong bullish trends as they approach critical resistance levels. As Bitcoin’s dominance continues to decline, altcoins like UNI and LTC are increasingly capturing market attention.
A confirmed breakout above their respective resistance zones could unlock substantial upside potential in the coming weeks. However, resistance areas are often challenging to surpass, and traders should exercise caution. Waiting for clear breakout confirmations accompanied by strong trading volume is essential for informed decision-making.
While the prospects are promising, the cryptocurrency market’s inherent volatility underscores the importance of prudent risk management. UNI and LTC remain top contenders to watch as the broader market rally unfolds.

This proposal aims to strengthen #Uniswap's governance by incentivizing active delegation through an upgrade to the protocol's fee mechanism. #UNI token holders who delegate and stake their tokens will be rewarded. The #UniswapFoundation (UF) has worked on improving the delegation experience and is introducing new smart contracts, #V3FactoryOwner.sol and #UniStaker.sol, to enable permissionless fee collection and pro-rata distribution to stakers. The proposal outlines a detailed implementation timeline and emphasizes the importance of community involvement in the governance process.
Advantages of the Upgrade:
1. Incentivizing Active Delegation: The upgrade encourages UNI token holders to actively participate in governance by staking and delegating their tokens, fostering a more engaged and thoughtful decision-making process.
2. Long-Term Sustainability: Success in Uniswap governance is defined as the long-term sustainability and growth of the protocol. The upgrade aims to contribute to the protocol's longevity by aligning incentives with actions that support its success.
3. Improved Delegation Experience: Over the past year, the UF has prioritized enhancements to the delegation experience, providing opportunities for delegates to launch platforms, access information, and participate in events like GovSwap, fostering a more inclusive and informed governance community.
4. Addressing Challenges: The proposal addresses challenges such as free-riding and apathy, which pose risks to the sustainability of Uniswap. By tying delegation to protocol fees, the upgrade seeks to mitigate these risks and promote more active participation.
5. Community Empowerment: The proposal highlights the importance of community involvement, providing a transparent and inclusive governance process. The UF acknowledges the contributions of various grantees and encourages UNI token holders to play an active role in the decision-making process.
6. Proactive Risk Management: The proposal includes security measures such as audits and bug bounties to ensure the reliability and robustness of the new smart contracts. The UF is actively seeking input from the community to address potential risks and concerns.
7. Flexibility and Control: The upgrade maintains governance control over core parameters, allowing flexibility in determining which pools are charged fees and the magnitude of those fees. This ensures that the community retains control over critical aspects of the Uniswap protocol.
8. Protocol Fee Activation: While not implemented immediately, the proposal sets the stage for future proposals to activate Uniswap Protocol fees, providing a framework for careful consideration of the impact on liquidity and trade execution.
In summary, the upgrade aims to create a more vibrant and sustainable governance ecosystem for Uniswap by aligning incentives with active participation and thoughtful delegation, addressing existing challenges, and fostering community empowerment.

The Uniswap proposal involves distributing a portion of the commissions. And which it charges from exchange pool liquidity providers to the UNI token holders involved in managing the protocol
The management token of leading decentralized exchange Uniswap (UNI) rose 70% in just an hour and a half on February 24. And reaching the maximum since April 2022. This happened after the developers suggested sharing the service's revenue with token holders.
The UNI token is the management token of Uniswap, the largest decentralized cryptocurrency exchange by capitalization. Its holders can participate in the management of the protocol through voting on various community proposals. Right now, the UNI token is trading at $10. But trading volumes dropped by more than 50% a day after the initiative appeared. The total value of blockchain assets on Uniswap exceeds $5 billion.
Uniswap Foundation announced a new motivational strategy for UNI token holders. The company plans to distribute commissions from protocol transactions to UNI token holders. And actively participating in the protocol management process. Key parameters related to commissions will continue to be controlled by the Uniswap Foundation itself.
Devin Walsh, executive director of the Uniswap Foundation, said the proposal aims to incentivize active delegation (of votes). And which will lead to the long-term success and sustainability of the protocol.
This isn't the first time the idea itself has been brought up for discussion, but this is the time when it could actually be implemented. According to Blockworks analyst Matt Feibach, it is unlikely that the Uniswap Foundation would have taken such a step without carefully assessing the sentiments of the largest token holders.
The idea of sharing profits with token holders immediately resonated with other projects. Following Uniswap, the Frax Finance protocol team is going to put a proposal to the community to vote on the distribution of the protocol's revenues among the holders of the project's derivative tokens. Following the publication that Frax plans to follow Uniswap's lead, the FXS token reacted with a short-term rise of 16%.
Our experts also note that the founder of the largest NFT platform Blur and the new blockchain ecosystem Blast under the pseudonym Pacman is also interested in the implementation of a user reward mechanism. And like Uniswap: he stated that the Blur community should follow their lead. The Blur token reacted to the publication by growing by more than 10%.
$UNI #UniswapFoundation #UNI