March 16, 2021 · 2 min read
Weekly Momentum Pairs - 17 Mar 2021
Momentum Pairs is a Uniswap liquidity pair tracker. Novum Insights’ analyst team reviews the best performing pairs on Uniswap over a 7-day, 30-day and 90-day periods. These pairs are a useful part of a diversified portfolio, but also some of the highest risk, but also the highest return. Novum is providing information on how to help people increase their odds of picking the higher returners, and minimize exposure to the biggest risks.
Pairs to watch 📈 The table below shows interesting pairs to watch sorted by 7 day HODL performance. The upper and lower performances of each pair indicates the performance of liquidity provision strategy and buy and hold strategy by 7 days.
NFT related DeFi projects have shown strong performance in our Momentum Pairs in the past week.
MUSE is a governance token of NFT20, a protocol that enables users to tokenize NFTs and make them tradable on DEXes. Users deposit their NFTs in a pool and get ERC20 token derivatives of their NFTs, they can head to Uniswap to speculate them or to earn $MUSE as rewards. MUSE price today is $89.62 and is up 40% in the last 7 days with a 24h trading volume (MUST/ETH) of $2.8 million.
Shroom Finance (SHROOM)
Shroom is building a DeFi ecosystem focused on in-game assets. LPs will provide liquidity to game developers and support them during the early stages of their development via SHROOM pairs. The team is building a DEX GameSwap (beta) to trade and cash-out virtual game items with crypto. GSWAP is the governance token of the DEX. SHROOM price today is $0.84 and is up 43.8% in the last 7 days with a 24h trading volume (SHROOM/ETH) on Uniswap of $1.2 million.
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