Crypto

Standard Chartered says UNI burn surge may make 2030 $100 price target too low

Standard Chartered said its $100 2030 price target for Uniswap’s UNI token may be too low as fee revenue on Robinhood Chain is rapidly feeding into token buybacks and burns. It cited a jump in Uniswap protocol revenue from late July to mid-August, under a “Unification” upgrade that uses revenue for UNI purchases and burns. UNI was last at $3.53, down over the past week, with a $2.2 billion market value.

Crypto

Meme coin rebound hinges on DOGE, SHIB; analyst says chasing only new tokens is contradictory

Big meme coins such as Shiba Inu and Dogecoin need to regain strength for the broader meme coin market to pick up momentum, a claim has been made. Crypto commentator David Gokhshtein said investors who chase only new tokens while dismissing established leaders are being contradictory, arguing that moves in the biggest names can lift sentiment across the sector. Analysts also flagged Shiba Inu support and resistance levels as traders watch whether the recovery is short-lived or a trend change.