Market
Uniswap Offers $15.5 Million Bug Bounty for v4 Vulnerabilities
Uniswap, the largest decentralized exchange (DEX), has announced a $15.5 million bug bounty for vulnerabilities in its v4 upgrade. This sets a new record for the highest bug bounty ever offered, surpassing LayerZero’s $15 million reward.
However, this bounty includes several caveats, and Uniswap will only offer a full payout to a “critical” vulnerability that doesn’t include third-party contracts or applications.
Uniswap v4’s Bug Bounty
Uniswap recently offered a substantial bounty for identifying code vulnerabilities. Specifically, the firm is looking for weaknesses in its massive v4 upgrade’s core capabilities. Uniswap also released a blog post with further details about the program:
“Today, we’re excited to launch a $15.5 million bug bounty, the largest in history, for vulnerabilities found in Uniswap v4 core contracts. Uniswap v4 is already among the most thoroughly reviewed codebases in DeFi, with nine independent audits. As deployment approaches, we’re taking an extra step to ensure v4 is as secure as possible,” the post read.
Strictly speaking, Uniswap’s claim to being the largest-ever “bug bounty” is somewhat ambiguous. In the past, certain platforms have offered large bounties to successful hackers, incentivizing them to return stolen funds. Last year, Mixin Network called their $20 million enticement to hackers a “bug bounty,” but the company slightly misused the term.
In this case, Uniswap only offers payments for identifying a weakness, not a ransom for actually exploiting it. In this genre, Uniswap’s $15.5 million offer is indeed massive: earlier this year, Solana offered only $1 million for a similar program. In other words, the company might view continued v4 security as integral to Uniswap’s continued success.
Alternatively, this substantial offer could come from a place of confidence. As mentioned, Uniswap carried out nine separate independent code audits and conducted a further $2.35 million security competition. Fortune claims that Uniswap chose $15.5 million to one-up LayerZero, which offered a $15 million bounty last year. This high reward, then, could just be a boast.
In any event, this massive reward comes with important caveats. First of all, a hacker cannot claim a vulnerability from any third-party contract or application, even those deployed by Uniswap Labs. Second, it can’t list any unfixed issues that previous audits identified. Finally, only a “critical” bug gets the full payment, with lower risks getting between $1 million and $100,000.
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PEPE’s price hit a new all-time high on November 13, after it was listed on Coinbase. It has been up 105% in the past month, though it’s down nearly 10% in the last seven days. Indicators like RSI and MVRV suggest further corrections could occur as bullish momentum weakens.
A potential death cross in the EMA lines could push PEPE to key supports at $0.0000139 or lower. However, a trend reversal could see PEPE testing resistances at $0.0000228 and aiming for a new all-time high at $0.000030.
PEPE Isn’t Oversold Yet
PEPE RSI has fallen to 38.8 from 60 in the last three days, indicating weakening bullish momentum. The RSI, or Relative Strength Index, measures price momentum on a scale of 0 to 100, with values above 70 signaling overbought conditions and below 30 indicating oversold levels.
The drop reflects growing selling pressure, but the current RSI suggests PEPE is not yet oversold.
At 38.8, PEPE’s RSI is near a key level, as it hasn’t dropped below 30 since November 3. This suggests the price may stabilize soon if historical patterns hold. The recent drop didn’t change the fact that PEPE is the 3rd biggest meme coin in the market, below DOGE and SHIB.
However, if the RSI dips further below 30, it could trigger stronger bearish momentum and lead to further price corrections.
PEPE MVRV Ratio Shows The Correction Could Continue
PEPE’s 7-day MVRV ratio is currently at -6.2%, signaling that recent holders are, on average, at a slight unrealized loss. The MVRV, or Market Value to Realized Value ratio, measures the profit or loss of holders based on the token’s market value relative to the price they paid.
Negative MVRV levels such as this suggest reduced selling pressure since holders are less likely to sell at a loss.
Historically, PEPE has seen strong price recoveries when its 7-day MVRV dropped below -9.7%, indicating the potential for further correction before another upward surge.
This pattern suggests that while the current MVRV level hints at consolidation, a deeper dip could create conditions for a bullish rebound. If the MVRV trends lower, it may set the stage for renewed accumulation and a fresh price recovery.
PEPE Price Prediction: New All-Time Highs May Be Postponed For Now
PEPE’s EMA lines show a bearish signal, with a potential death cross-forming, where short-term EMA lines cross below long-term ones.
If this pattern materializes, it could trigger further corrections. PEPE price will likely test support at $0.0000139 and $0.0000108. Should selling pressure intensify, PEPE could fall to $0.0000077.
On the other hand, if market confidence returns and the trend reverses, PEPE price could challenge resistances at $0.0000228 and $0.000026.
Breaking above these levels could push PEPE price toward $0.000030, setting a new all-time high.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Fantom (FTM) price has risen in the last 24 hours, outperforming a declining market. Its ADX has surged to 47, signaling strong trend momentum, and historical data suggests it could rise even further.
The EMA lines also remain bullish, with FTM well-positioned for a continued uptrend toward $1.22. However, if the trend reverses, FTM could test key supports at $0.77 or even $0.35 in a deeper correction.
Fantom Current Trend Is Strong But Can Rise Even More
Fantom ADX has surged to 47 from just 12 in the past four days, signaling a significant increase in trend strength. The ADX, or Average Directional Index, measures the strength of a trend, regardless of direction, on a scale from 0 to 100.
Values above 25 indicate a strong trend, with levels exceeding 40, highlighting very strong momentum. This sharp rise in ADX reflects the robustness of FTM’s current uptrend, which is supported by increasing buying pressure.
Although an ADX of 47 already signifies a strong trend, historical data suggests FTM’s ADX can exceed 50 during periods of intense momentum.
If the ADX continues to climb, it will signal even stronger bullish momentum, potentially pushing the Fantom price higher.
Whales Stopped Accumulating FTM
FTM whales appear to be slowing their accumulation after a surge in activity earlier this month. The number of wallets holding between 1,000,000 and 10,000,000 FTM grew from 69 on November 15 to 74 by November 21, indicating increased confidence among large holders during that period.
Tracking whale activity is critical, as these large investors can significantly influence market trends through their buying and selling behavior.
Since November 21, however, the number of these wallets has stabilized, fluctuating between 72 and 74. This suggests that while whales have maintained their holdings, they are no longer aggressively accumulating.
This stability could indicate a pause in Fantom’s bullish momentum, with whales waiting for clearer market signals before making further moves. For FTM, this could result in reduced volatility unless new catalysts emerge to reignite accumulation.
Fantom Price Prediction: Can It Reach $1.22?
Fantom EMA lines remain bullish, with the short-term lines positioned above the long-term ones and the price trading above all of them.
This alignment indicates strong upward momentum, supported by consistent buying pressure. If the current uptrend continues to strengthen, FTM price could gain an additional 20% and test $1.22, marking its highest price since March.
However, if the uptrend reverses, FTM price could face a series of critical support levels.
Initial supports lie at $0.77 and $0.58, but if these fail, the price could drop to $0.35, representing a significant 66% correction.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Stellar’s (XLM) price has been down over 10% in the last 24 hours but has remained up 94.07% in the past week, leading to gains among the top 100 cryptocurrencies. Indicators like the RSI and Ichimoku Cloud suggest weakening bullish momentum as XLM faces growing selling pressure.
If the downtrend continues, XLM could test key support at $0.099. However, a recovery could push it back toward $0.638 and potentially as high as $0.70.
XLM RSI Slips to Neutral Zone
Stellar RSI is now at 48.31, down from above 70 when XLM hit $0.60, its highest price in three years. The RSI, or Relative Strength Index, measures momentum on a scale from 0 to 100, with values above 70 signaling overbought conditions and below 30 suggesting oversold conditions.
The drop in RSI reflects reduced bullish momentum as XLM faces a correction.
An RSI of 48.31 places XLM in a neutral zone, neither overbought nor oversold. This level suggests that Stellar price could continue dropping before a new surge takes place.
However, if RSI stabilizes or rises, XLM could regain upward momentum and resume its bullish trend.
Stellar Ichimoku Cloud Shows Bearish Trend Is Appearing
The Ichimoku Cloud chart for Stellar shows bearish momentum taking over as the price has moved below the Kijun-Sen (orange line) and Tenkan-Sen (blue line).
This indicates weakening bullish sentiment, with the price nearing the edge of the cloud (Senkou Span A and B), which currently provides short-term support. If the price falls further into or below the cloud, it could confirm a bearish trend reversal.
The cloud itself remains bullish in structure for now, with a rising Senkou Span A, but its thinning nature suggests weakening support ahead.
If XLM fails to reclaim levels above the Tenkan-Sen and Kijun-Sen, selling pressure may intensify. However, if the price recovers and moves above the cloud, it could signal the resumption of the recent bullish trend.
XLM Price Prediction: A Strong Correction If Buying Pressure Doesn’t Get Back
Stellar EMA lines remain bullish, with short-term lines above the long-term ones, indicating an overall upward trend. However, the narrowing gap between these lines suggests weakening bullish momentum and a potential shift in sentiment.
This signals that the ongoing downtrend could accelerate if XLM buying pressure doesn’t return soon.
If the downtrend strengthens, XLM price could see a sharp drop to its strong support at $0.099, representing a significant 76% correction.
On the other hand, if Stellar price regains its recent bullish momentum, it could retest resistance near $0.638. Breaking past this level might push XLM toward $0.70, offering a potential 62% upside from current levels.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
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