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Decentralized exchanges are growing in popularity.
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Knowing which tokens to invest in early could give you huge returns.
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Uniswap, Stellar, and Loopring are worth your attention on December 10.
Uniswap is one of the largest decentralized exchanges out there, which is used to exchange cryptocurrencies. It runs on top of the Ethereum blockchain, and UNI is the native cryptocurrency token.
Stellar is a network that acts as a decentralized, distributed exchange that allows you to trade and convert assets. The XLM token is its native cryptocurrency token.
Loopring is an open-sourced, audited, and non-custodial exchange protocol. LRC is an ERC-20 token that's native to the protocol.
Should you buy Uniswap (UNI)?
On December 10, Uniswap (UNI) had a value of $16.14.
To see what this value point is for the token, we will go over its performance last month, as well as its all-time high value.
In terms of the all-time high value of the token, Uniswap (UNI) had a value of $44.92 on May 3. Here, we can see that at its ATH value point, the token was $28.78 higher in value or by 178%.
On November 10, UNI had a value of $28.4, which was its highest value of the month.
Its lowest value point was on November 28, when the token fell to $18.82. Here, we can see that the token fell in value by $9.58 or by 33%.
At $16.14, this puts the UNI token at an affordable entry point, as the token can climb up in value.
UNI has the potential to reach $18 by the end of December, making it a solid purchase.
Should you buy Stellar (XLM)?
On December 10, Stellar (XLM) had a value of $0.27.
To see what this value point means for the XLM token, we will compare it to it's all-time high-value point as well as its recent performance.
In terms of the all-time high value of the Stellar (XLM) token, it had a value of $0.87 on January 3, 2018. This means that at its ATH value point, the token was $0.6 higher in value, or by 222%.
On November 10, Stellar (XLM) had its highest value point of $0.43.
Its lowest value point, however, was on November 28, when the token fell to $0.30. Here, we can see that the token fell by $0.13 in value or by 30%.
At $0.27, if the token breaks past $0.30, it has the potential to reach $0.35 by the end of December. However, if the token falls below $0.25, it might be worth reconsidering.
Should you buy Loopring (LRC)?
On December 10, Loopring (LRC) had a value of $2.47.
To see what this value point means for the token, we will go over its all-time high value as well as its performance last month.
When we go over the all-time high value of the Loopring (LRC) token, it was on November 10 when the token got up to $3.75 in value. Here, we can see that the token was $1.28 higher in value or by 51% at its ATH value point.
LRC’s lowest value point of the month was on November 1, when it fell to $0.62.
Its highest value point of November was on November 10, when the token climbed to $3.72. This gives us an indication that the token gained $3.1 in terms of value or increased by 500%.
That said, at its price point of $2.47, LRC is a worthwhile purchase as it has the potential to climb to $3 by the end of December.