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In recent weeks, two cryptocurrencies, Starlink (STARL) and Uniswap (UNI), have shown signs of awakening. However, it is important to note that these signs do not indicate a complete recovery from the losses suffered during the previous bear market.

Starlink’s STARL token has experienced the most significant price movement. The token entered the crypto markets in mid-2021, after the first part of the previous bull run and before the second. Initially, it consistently rose in value, reaching a peak of 88 millionths of a dollar in just four months. However, the token began to decline, and the real collapse began in January 2022. During the bear market, it fell to 2 millionths of a dollar and then continued to decline further. The lowest point was reached last month at 0.5 millionths of a dollar, marking a loss of over 99% from its highs.

In October, with the recovery of the crypto markets, Starlink’s token experienced a small boom, climbing as high as 12 millionths before quickly falling back. It is currently trading around 6 millionths of a dollar, which is 967% higher than the lows, but still 95% below the all-time highs.

The reasons behind the recent price movements of Starlink and Uniswap cryptocurrencies appear to be speculative. The trading volumes are low, and the crypto markets have been volatile in October. It should be noted that Starlink’s token is not associated with Elon Musk’s Starlink company; instead, it is linked to an online game.

Uniswap’s symbol, UNI, represents a different case. Uniswap is the most widely used decentralized exchange (DEX) globally, and the price movements of UNI seem less speculative. The token experienced significant growth in 2021, reaching almost in May before falling. The real crash occurred in the second half of November, coinciding with the deflation of the last major crypto bubble. The price stabilized around .6 in June 2022, with slight rebounds and declines since then. Although it briefly approached the lows of .6 a fortnight ago, there was a 15% rebound observed, likely due to the October awakening of the crypto markets.

These price movements can be attributed to the general movements of the crypto markets. Uniswap’s price fluctuations can be linked to the surge in Bitcoin’s value on October 24th. However, the excitement faded, and the price of UNI returned to its previous levels. In the past year, UNI has primarily hovered above .6, with occasional peaks exceeding .7.

It is difficult to identify specific reasons behind these recent movements, indicating that the general trend of the crypto markets is influencing these cryptocurrencies. Both Starlink and Uniswap have experienced periods of decline and consolidation, suggesting that a complete recovery may still be some time away.

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