Crypto Corner<\/span><\/h2>\nWe\u2019re continuing our talk about the ins and outs of the crypto market, helping investors get more familiar with the <\/span>100+ cryptoassets offered by eToro<\/span><\/a>. Today we\u2019ll discuss Bittensor<\/a> and Uniswap<\/a>.<\/span><\/p>\nBittensor (TAO): Currently trading near $375 with a market cap of roughly $3.85 billion<\/b><\/p>\n
Bittensor is a decentralized, open-source protocol that aims to create a collaborative, blockchain-based marketplace for AI. Founded in 2019, the network rewards participants for contributing useful machine learning models through its native token, TAO, which is used for staking, governance, and validator rewards. Built around subnets \u2014 modular AI task-specific networks \u2014 Bittensor fosters open competition among developers and model trainers. Governed by the Opentensor Foundation and maintained by a distributed community, it uses a hybrid Yuma consensus combining Proof-of-Work and Proof-of-Stake. The project\u2019s mission is to decentralize AI ownership and innovation across a global, permissionless ecosystem.<\/span><\/p>\nUniswap (UNI): Currently trading near $5.25 with a market cap of roughly $3.3 billion<\/b><\/p>\n
Uniswap is an Ethereum-based decentralized exchange that allows users to swap digital assets directly through automated smart contracts. Launched in 2018, Uniswap pioneered the automated market maker model, where prices are determined by supply and demand rather than order books. The UNI token, introduced in 2020 via an airdrop, serves as a governance token and liquidity incentive \u2014 not as a profit-generating asset. Governance decisions are made by UNI holders through a community-driven proposal and voting system. With over a trillion dollars in cumulative trading volume, Uniswap remains one of the largest and most influential DEXs in crypto.<\/span><\/p>\nWant to receive these insights straight to your inbox?<\/strong><\/p>\nSign up here<\/a><\/p>\nThe Setup \u2014 Uniswap<\/span><\/h2>\nWe\u2019ve seen volatility increase in the crypto space lately, with big names like Bitcoin and Ethereum taking a hit. But we\u2019ve also seen some of the smaller names \u2014 like Uniswap \u2014 come under pressure too. UNI topped $12 at one point this summer. Now it\u2019s clinging to the $5 area, which has been support for more than a year.\u00a0<\/span><\/p>\n![\"Daily](\"https:\/\/www.etoro.com\/wp-content\/uploads\/2025\/11\/UNI-1024x750.png\")
Chart as of 8:00 a.m. ET on 11\/6\/2025. Source: eToro ProCharts, courtesy of TradingView.<\/em><\/figcaption><\/figure>\nIf this area holds as support, bulls will look for a larger rebound to take hold. If it does not hold as support, that could open the door to more selling pressure, potentially putting $4 (or lower) in play. While the $5 area has been key support for the last year, $4 was a notable level going back to 2022 (as shown on the chart with a blue line). <\/span><\/p>\nWhat Wall Street’s Watching<\/h2>\n
SNAP<\/b><\/a><\/p>\nShares of Snap are soaring this morning, climbing almost 20% in pre-market trading. The rally comes after better-than-expected quarterly results, where revenue of $1.51 billion topped estimates for $1.49 billion and daily active users of 477 million beat expectations of 476 million. Management also announced a $500 million stock repurchase plan. <\/span>Check out the chart for SNAP<\/span><\/a>.\u00a0<\/span><\/p>\nDUOL<\/b><\/a><\/p>\nDuolingo shareholders are having the opposite experience this morning, with shares down more than 20%. Revenue of $271.7 million grew more than 40% year over year and beat expectations for $260.6 million, while profit also topped expectations. Management\u2019s overall revenue outlook was also above analysts\u2019 expectations.\u00a0<\/span><\/p>\n
Bittensor (TAO): Currently trading near $375 with a market cap of roughly $3.85 billion<\/b><\/p>\n
Bittensor is a decentralized, open-source protocol that aims to create a collaborative, blockchain-based marketplace for AI. Founded in 2019, the network rewards participants for contributing useful machine learning models through its native token, TAO, which is used for staking, governance, and validator rewards. Built around subnets \u2014 modular AI task-specific networks \u2014 Bittensor fosters open competition among developers and model trainers. Governed by the Opentensor Foundation and maintained by a distributed community, it uses a hybrid Yuma consensus combining Proof-of-Work and Proof-of-Stake. The project\u2019s mission is to decentralize AI ownership and innovation across a global, permissionless ecosystem.<\/span><\/p>\n Uniswap (UNI): Currently trading near $5.25 with a market cap of roughly $3.3 billion<\/b><\/p>\n Uniswap is an Ethereum-based decentralized exchange that allows users to swap digital assets directly through automated smart contracts. Launched in 2018, Uniswap pioneered the automated market maker model, where prices are determined by supply and demand rather than order books. The UNI token, introduced in 2020 via an airdrop, serves as a governance token and liquidity incentive \u2014 not as a profit-generating asset. Governance decisions are made by UNI holders through a community-driven proposal and voting system. With over a trillion dollars in cumulative trading volume, Uniswap remains one of the largest and most influential DEXs in crypto.<\/span><\/p>\n Want to receive these insights straight to your inbox?<\/strong><\/p>\n Sign up here<\/a><\/p>\n We\u2019ve seen volatility increase in the crypto space lately, with big names like Bitcoin and Ethereum taking a hit. But we\u2019ve also seen some of the smaller names \u2014 like Uniswap \u2014 come under pressure too. UNI topped $12 at one point this summer. Now it\u2019s clinging to the $5 area, which has been support for more than a year.\u00a0<\/span><\/p>\n If this area holds as support, bulls will look for a larger rebound to take hold. If it does not hold as support, that could open the door to more selling pressure, potentially putting $4 (or lower) in play. While the $5 area has been key support for the last year, $4 was a notable level going back to 2022 (as shown on the chart with a blue line). <\/span><\/p>\n SNAP<\/b><\/a><\/p>\n Shares of Snap are soaring this morning, climbing almost 20% in pre-market trading. The rally comes after better-than-expected quarterly results, where revenue of $1.51 billion topped estimates for $1.49 billion and daily active users of 477 million beat expectations of 476 million. Management also announced a $500 million stock repurchase plan. <\/span>Check out the chart for SNAP<\/span><\/a>.\u00a0<\/span><\/p>\n DUOL<\/b><\/a><\/p>\n Duolingo shareholders are having the opposite experience this morning, with shares down more than 20%. Revenue of $271.7 million grew more than 40% year over year and beat expectations for $260.6 million, while profit also topped expectations. Management\u2019s overall revenue outlook was also above analysts\u2019 expectations.\u00a0<\/span><\/p>\nThe Setup \u2014 Uniswap<\/span><\/h2>\n
What Wall Street’s Watching<\/h2>\n