The best decentralized exchange (DEX) tokens to get at the end of July
- UNI, RUNE, SNX, and CAKE are some of the best DEX tokens you can get.
- Each token has seen a high level of growth and development.
- As more users switch from centralized to decentralized exchanges, these are popular options.
On July 21, 2022, Uniswap welcomed their new VP of Product, Will Ruben, which showcases that their team is expanding rapidly.
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On July 26, 2022, THORWallet DEX introduced an update that included many fixes.
Furthermore, Synthetix (SNX) staking went live on Harvest. This allows users to essentially track their assets on Harvest with ease, and now SNX is included.
The Neural Pepe NFT collection went live for trading on the PancakeSwap NFT Market on July 26, as well.
Based on all of this, it is clear that each DEX is undergoing numerous updates, developments, integrations, and releases, making each token a unique option.
Should you buy Uniswap (UNI)?
On July 27, 2022, Uniswap (UNI) had a value of $6.666.
The all-time high point of value for the Uniswap (UNI) token was on May 3, 2021, at a value of $44.92.
Taking a look at June’s performance, Uniswap (UNI) had its lowest point of value on June 18 at $3.3961. Its highest point was on June 26 at $5.9907.
This indicates that UNI increased in value by $2.5946 or by 76%. With this in mind, UNI is a solid buy as it can climb to $10 by the end of August 2022.
Should you buy THORChain (RUNE)?
On July 27, 2022, THORChain (RUNE) had a value of $2.317.
Looking at its all-time high, THORChain (RUNE) had its ATH on May 19, 2021, at a value of $20.87.
Going over how the token performed throughout June, THORChain (RUNE) had its highest point of value on June 6 at $3.2741. Its lowest was on June 18 at $1.4553.
Here we can see a decrease in value of $1.8188 or 55%. However, from June 18 to July 27, the token has increased in value by $0.8617 or by 59%.
We can expect RUNE to reach $4 by the end of August 2022, making it a solid buy.
Should you buy Synthetix Network (SNX)?
On July 27, 2022, Synthetix Network (SNX) had a value of $2.954.
Going over the all-time high of the cryptocurrency, Synthetix Network (SNX) had its ATH on February 14, 2021, when it reached a value of $28.53.
When we go over its performance throughout the previous month, Synthetix Network (SNX) had its lowest point of value on June 18 at $1.452. Its highest point was on June 22 at $3.5329. We can see an increase in value of $2.0809 or 143%.
At $2.954, SNX is a solid buy as it can climb to $5 by the end of August.
Should you buy PancakeSwap (CAKE)?
On July 27, 2022, PancakeSwap (CAKE) had a value of $3.2781.
Looking at the ATH point of value of CAKE, PancakeSwap (CAKE) had its ATH on April 30, 2021, at a value of $43.96.
Looking at how PancakeSwap (CAKE) performed throughout the previous month, CAKE had its highest point of value on June 6 at $4.843. Its lowest point was on June 18 at $2.5194. We can see a decrease of $2.3236 or 48%.
From June 18 to July 27, the CAKE token increased by $0.7587 or by 30%. With this in mind, CAKE can reach $6 by the end of August 2022, making it a solid buy.
Where to buy right now
To invest simply and easily, users need a low-fee broker with a track record of reliability. The following brokers are highly rated, recognised worldwide, and safe to use:
- Etoro, trusted by over 13m users worldwide. Register here >
- Capital.com, simple, easy to use and regulated. Register here >
*Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.