Swiss wealth manager 21Shares has introduced four new crypto exchange-traded products in Europe, broadening its range of digital asset investment options. 

The latest additions focus on AI and decentralized computing projects Pyth Network, Ondo, Render, and NEAR Protocol. 

The asset manager is seeing an increased demand from institutional investors for next-gen decentralized technologies. The four tokens represent the firm’s extended entry into four distinct sectors: price oracles, asset tokenization, decentralized computing, and AI. 

According to the announcement, investors in the NEAR ETP will be able to reinvest staking rewards directly into the product. NEAR’s proof-of-stake blockchain model supports network security through token staking, which generates yields for participants. 

The new ETPs will be available for trading on exchanges in cities like Amsterdam and Paris. The firm has been constantly improving its crypto ETP offerings throughout Europe. 

Earlier this week, 21Shares upgraded its Ethereum Core ETP to include staking capabilities. The product now operates under the name Ethereum Core Staking ETP and trades with the ticker ETHC.

“The 21Shares NEAR Protocol Staking ETP offers investors a regulated and transparent way to gain exposure to one of the most scalable smart-contract platforms, designed to simplify the complexity of crypto infrastructure while pushing the boundaries of decentralized AI integration,” the firm wrote on its press release. 

This enhanced version offers investors the opportunity to earn staking rewards while maintaining exposure to Ethereum. It is listed on leading European exchanges, including the SIX Swiss Exchange, Deutsche Börse Xetra, and Euronext Amsterdam.

Increasing Activity in the Crypto ETP Market

21ShareThe crypto ETP market is experiencing a surge in activity. Bitwise recently rebranded its XRP ETP to “Bitwise Physical XRP ETP (GXRP)” following Ripple’s strategic investment. This product provides secure, physically backed XRP exposure for European investors. 

Also, Bitwise launched its Aptos Staking ETP on the SIX Swiss Exchange, offering regulated access to Aptos staking in Europe.

Meanwhile, WisdomTree introduced an XRP-backed ETP across Germany, Switzerland, France, and the Netherlands. This product aims to attract investors with low-cost exposure to XRP’s spot price. 

WisdomTree also filed for an XRP ETF in the US earlier this week. Trump’s re-election and the resignation of SEC chain Gary Gensler have renewed optimism about Ripple’s cryptocurrency. 

Uniswap (UNI) price has surged roughly 15% in the last 24 hours, fueled by strong bullish momentum. The RSI has climbed to 67, indicating UNI is approaching overbought territory but still has room for further gains before a potential correction.

If the uptrend continues, UNI could test resistance at $13.3 and $14.8, with a potential push to $17, but a reversal could see it retest supports at $12 or drop to $8.59.

UNI RSI Isn’t Overbought Yet

Uniswap RSI surged from 50 to 67 in just one day, reflecting a strong increase in bullish momentum. The RSI, or Relative Strength Index, measures the speed and magnitude of price movements on a scale of 0 to 100.

Values above 70 indicate overbought conditions and a potential for a correction, while values below 30 suggest oversold conditions and possible recovery. The current RSI of 67 suggests UNI is approaching overbought territory but still has room for further gains.

Given the recent momentum, UNI price could continue climbing until the RSI surpasses 70, signaling stronger bullish sentiment in the short term.

Historically, coins often experience corrections after entering overbought zones. Still, with the RSI not yet there, the surge may have more room to run, as it happened at the beginning of November.

Uniswap BBTrend Is Very Positive

UNI BBTrend is currently at 16.5, remaining positive since November 24 after briefly turning negative between November 23 and November 24. The BBTrend, or Bollinger Bands Trend, measures the strength and direction of price movements relative to the Bollinger Bands.

Positive values indicate upward momentum, while negative values reflect downward pressure. The positive BBTrend signals that Uniswap is currently in a bullish phase.

Although UNI’s BBTrend is still high at 16.5, it has declined slightly from 18 yesterday, suggesting a slight weakening of bullish momentum.

This drop indicates that while the uptrend is intact, the strength of the current rally may not be as strong as before. If the BBTrend continues to decline, it could signal an upcoming consolidation or correction in UNI’s price.

UNI Price Prediction: Can It Reach $17 In November?

If Uniswap price strong uptrend continues, the price is likely to test resistances at $13.3 and $14.8 in the near term. Breaking through these levels could push UNI price as high as $17, marking its highest price since March and representing a potential 36% gain.

However, if the uptrend reverses, UNI price could face a retest of key supports at $12 and $10.4. Should these levels fail to hold, the price might drop further to $8.59, marking a substantial 31% correction.

As overall crypto market activity slows, liquidations have reached $285.48 million in the past 24 hours, affecting 97,882 traders. However, defying the broader market trend, some altcoins have surged, hitting new all-time highs today.

BeInCrypto has identified three crypto tokens that hit all-time highs today, with Dolos the Bully (BULLY) leading the pack.

Dolos the Bully (BULLY)

Solana-based meme coin Dolos the Bully (BULLY) rocketed to a new all-time high today. The meme coin briefly traded at a peak of $0.23 before witnessing a pullback. As of this writing, BULLY trades at $0.20 and continues to enjoy a significant bullish bias.

Readings from its Super Trend indicator assessed on an hourly time frame confirm this. As of this writing, BULLY’s price rests above the green line of this indicator. 

The Super Trend indicator measures the direction and strength of an asset’s price trend. It is displayed as a line on the price chart, with red indicating a downtrend and green signaling an uptrend. When the Super Trend line is below the asset’s price, it confirms an uptrend, suggesting bullish momentum is likely to continue.

If this bullish trend persists, BULLY’s price could reclaim its all-time high. However, should token selloffs commence, the meme coin’s value may drop below $0.19.

Parallel AI (PAI)

PAI currently trades at $0.52. It hit an all-time high of $0.60 today and witnessed a 14% pullback. Despite this, a rebound is possible as bullish pressure continues to strengthen. An assessment of PAI’s Aroon indicator confirms this bullish outlook. PAI’s Aroon Up Line is at 100% as of this writing. 

The Aroon Indicator determines the strength and direction of an asset’s price trend by measuring the time since the asset’s highest high (Aroon Up) and lowest low (Aroon Down) within a set period. When the Aroon Up line is at 100%, a new high was recently achieved, signaling strong upward momentum and the potential continuation of a bullish trend. 

If PAI witnesses a resurgence in buying pressure, its price will revisit its all-time high and attempt a rally beyond it. On the other hand, if selling activity gains momentum, the token’s price may drop toward $0.50. If the bulls fail to hold this level, PAI’s value may dip further to $0.43.

Stonks (STNK)

STNK hit an all-time high of $347.06 today but has since dropped 26%, trading at $263.67 as of this writing. The decline is attributed to a surge in profit-taking activity, which has exerted downward pressure on its price.

Analysis using the Fibonacci Retracement tool on an hourly chart shows that STNK has broken below the support at $268.01, signaling a strengthening of the downtrend. If new demand does not enter the market, its price could decline to $219.10.

On the other hand, if buying pressure increases, STNK may attempt a rally above $268.01, potentially climbing back toward its all-time high.