Uniswap (UNI) Price Prediction: UNI Bounces Back Amid Market Sideways Trend, Targets the $20 Mark

Uniswap (UNI) price has experienced a modest recovery amid recent market dynamics. Despite persistent volatility, the token shows potential for further gains.

Uniswap (UNI) price encountered a crucial resistance level during its recent rally, which might determine its next move. As the crypto market experiences a lull in momentum, Uniswap’s performance will be key in setting its short-term direction.

In other news, Bitcoin (BTC) price remained stable on Monday morning, hovering just above its key support level of $61,000. The world’s largest cryptocurrency showed a slight decrease of 0.66% over the past 24 hours.

Meanwhile, Ethereum (ETH) price encountered a slight obstacle during its recent rally, slowing down its ascent. The second-largest cryptocurrency experienced a minimal gain of 0.08% over the past 24 hours, trading at the $2,400 mark.

After a recent surge, crypto market stalls in a surprising lull

As recently as Sunday, ETH showed a promising move, rising to nearly $2,440 before encountering resistance. At the time of writing, the crypto market's momentum remained stalled in a surprising lull.

Bitcoin price encounters key support, crypto market stalls in a surprising lull - FxPro

UPI Now Available at 240 Million Physical Stores Across India: NPCI

UPI Now Available at 240 Million Physical Stores Across India: NPCI - Gadgets Now

AsUPI Now Available at 240 Million Physical Stores Across India: NPCIUPI is now accepted at over 240 million physical stores across India, according to the National Payments Corporation of India (NPCI). This marks a significant increase from the 5 million physical stores that accepted UPI in 2018.

UPI is a real-time payment system that allows users to transfer money between any two bank accounts by using a mobile number or virtual payment address. The system is designed to be fast, secure, and easy to use, and it has quickly become one of the most popular payment methods in India.

NPCI launched UPI in 2016, and the system has since grown exponentially. In 2021, UPI processed over 46 billion transactions, amounting to over $1.3 trillion. The system's popularity is due in part to its convenience and low cost. UPI transactions are typically free for users, and merchants only pay a small fee to the bank that processes the transaction.

UPI is now used by a wide range of businesses, including supermarkets, restaurants, and clothing stores. The system is also used by government agencies to collect taxes and distribute benefits.

UPI’s increasing physical presence to boost crypto adoption?

The increasing physical presence of UPI could help to boost cryptocurrency adoption in India. Many Indians are already familiar with UPI, and they may be more likely to use cryptocurrencies if they are integrated with the system.

Several cryptocurrency exchanges in India are already working on integrating UPI into their platforms. This would allow users to buy and sell cryptocurrencies using UPI, making it easier and faster to access the digital asset market.

If UPI is integrated into more physical stores and cryptocurrency exchanges, it could significantly boost crypto adoption in India. This would be a major development for the cryptocurrency industry, as India is one of the world's largest markets for digital payments.

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