Uniswap launched its v4 upgrade on mainnet, featuring hooks for developer customization, cheaper operations, and more. The release came slightly later than initially anticipated.

However, this upgrade did not fulfill expectations that it would create price momentum for UNI. Its price briefly shot up but immediately crashed back down, and bearish conditions continued.

The Long-Awaited Uniswap v4 for Developers

Uniswap, a popular Ethereum-based decentralized exchange, finally launched its long-awaited v4 upgrade. This upgrade was first announced in June 2023, but a clear timeline for mainnet release was never clearly established.

The upgrade was announced earlier in the week and went live on mainnet today.

“Uniswap v4 is here! v4 turns Uniswap Protocol into a developer platform. Made possible with the introduction of hooks ‒ contracts that allow anyone to customize how pools, swaps, fees, and LP positions interact. Hooks mean unlimited new features that drive deeper liquidity and more swaps,” Uniswap claimed via social media.

Uniswap developers listed several key features of v4, the most significant of which is hooks. The v4 upgrade is also the most affordable incarnation of the protocol, with developers claiming pools will be 99.99% cheaper to create.

It also includes native Ethereum support and was constructed alongside community collaboration.

However, there has been a slight snag in the v4 release: its impact on Uniswap’s UNI token. When v3 launched in 2021, it caused a huge uptick in token value and user activity. The v4 mainnet upgrade caused a momentary spike in the price of UNI, but these gains immediately evaporated.

A few factors may have contributed to this flop. Although UNI reached its 3-year-high in mid-December, the token’s value plummeted a week later.

Some community members hoped that the v4 mainnet release would give Uniswap new forward momentum, but the market didn’t cooperate.

The macroeconomic factor continues to impact UNI’s price, but the v4 upgrade might help Uniswap regain some momentum in the intense DEX market.

Developers consistently showed high confidence in the project, offering record-high bug bounties to anyone who could expose a security flaw. In any event, only time will tell whether v4 can live up to the expectations placed upon it.

Asset management firm 21Shares filed an S-1 with the SEC for a Polkadot ETF. The company plans to list shares on the Cboe BZX Exchange. 

The proposed 21Shares Polkadot Trust will mirror its current Polkadot Trust.

Polkadot Joins the Altcoin ETF Race

 The 21Shares Polkadot ETF will track DOT prices using the CME CF Polkadot-Dollar Reference Rate. According to the filing, Coinbase Custody will hold the assets.

The fund will follow a passive investment strategy. It will avoid leverage, derivatives, and active trading. Notably, Polkadot’s price hasn’t reacted at all to this announcement. DOT remains down by 10% in January.

“The market will decide where value lies and if there’s value in launching such a product. If no one puts money into a Polkadot ETF – it will close. People are free to launch whatever ETFs are deemed to be allowed by the SEC,” wrote analyst James Seyffart.

This filing comes after Tuttle Capital Management proposed a 2x leveraged Polkadot ETF earlier this week as part of a package of 10 leveraged crypto ETFs. 

However, ETF analyst Eric Balchunas confirmed that Tuttle Capital withdrew its filing for all 2x leveraged ETFs. 

Since Gary Gensler left his position earlier this month, the SEC has received a wave of altcoin ETF applications. Earlier today, Grayscale launched a Dogecoin Trust. The trust offers investors exposure to DOGE with a 2.5% management fee amid rising demand. 

Within hours, Grayscale converted the trust filing into an ETF application. This was likely the first time a trust was turned into an ETF on the same day. 

“Man, the jockeying is intense. I’ve never heard of a trust launching and then looking to convert to ETF the same day. But they may now be in pole position in 19b-4 race. Also, we now up to four Doge ETF filings (including 2x). Gensler has only been gone for like two weeks,” wrote Eric Balchunas. 

Grayscale also submitted ETF applications for XRP, Litecoin, and Solana. The firm recently launched a Bitcoin Miners ETF. The fund offers exposure to Bitcoin-linked companies without investing directly in cryptocurrency. It appeals to traditional investors.

SEC Likely to Wait for Paul Atkins

Along with the Polkadot ETF filing, 21Shares has a pending XRP ETF application with the SEC. Approval of an XRP ETF appears likely, but the SEC may delay further altcoin ETFs under the temporary leadership. 

Currently, Mark Uyeda leads the SEC on an interim basis. Paul Atkins, President Trump’s nominee, is still waiting for the congressional process to become the permanent chair.

However, when the SEC approves another altcoin fund, Litecoin may be the first. The commission has acknowledged Canary Capital’s Litecoin ETF application. 

It also helps that Litecoin is already classified as a non-security because it’s a fork of Bitcoin.

JasmyCoin (JASMY) price has risen 14% in the last seven days, and its market cap is approaching $1.6 billion. The recent rally has been fueled by multiple golden crosses, signaling strong bullish momentum, while the Ichimoku Cloud setup remains positive.

However, BBTrend has turned negative, suggesting that selling pressure could increase in the near term. Whether JASMY continues its surge or faces a pullback will depend on how it reacts to key resistance and support levels in the coming days.

JASMY BBTrend Is Now Negative, Down From 6.37 Yesterday

JASMY BBTrend is currently at -4.36, dropping sharply from 6.37 just a day ago.

This rapid decline indicates a significant shift in momentum, suggesting that bearish pressure has increased over the past few hours.

BBTrend is a trend strength indicator derived from Bollinger Bands, which measures price momentum relative to its volatility range. A positive BBTrend indicates bullish momentum, while a negative reading suggests increasing bearish pressure.

With JASMY BBTrend turning more negative, it signals that sellers are gaining control, which could lead to further price declines unless buying pressure increases.

JASMY Ichimoku Cloud Shows a Bullish Setup

The Ichimoku Cloud chart for JASMY shows a strong bullish breakout, with the price moving well above the cloud (Kumo). The Tenkan-sen (blue line) is also above the Kijun-sen (red line), reinforcing short-term bullish momentum.

The Chikou Span (green lagging line) is far above the past price action, confirming that the trend has strong upside pressure. However, the future cloud is still red, meaning that some resistance could emerge if price retraces.

Despite this strong move, the price has now consolidated after its breakout, and the Tenkan-sen has been acting as short-term support. If the price remains above the cloud, the bullish trend could continue, but a move back into the cloud might indicate a period of consolidation or weakening momentum.

The cloud ahead is turning green, suggesting that if buyers maintain control, the trend could stay intact. The next few candles will be crucial in determining whether JASMY continues its upward trajectory or faces a correction.

JASMY Price Prediction: Will the Surge Continue?

JASMY chart shows its EMA lines formed multiple golden crosses in the last few days, signaling strong bullish momentum. Another golden cross could form soon, which may push JASMY toward its next resistance at $0.036.

If that level is broken, further upside could take JASMY to $0.041, reinforcing its bullish trend, especially if the narrative around DePIN recovers a good momentum.

However, BBTrend suggests that the trend could be at risk of reversing. If selling pressure increases, the altcoin could test the support at $0.031, and if that level fails, a drop to $0.029 could follow.

A stronger downtrend could push the price as low as $0.025, making the next moves critical for determining whether the bullish trend can continue.