With the idea of no intermediaries came Cryptocurrency into existence. Every crypto that sees its advent tries hard to maintain this. Uniswap is one cryptocurrency network that aims to bring greater decentralization. This is a cryptocurrency which is said to have the most liquid exchange, that is why it has gained popularity among various investors.
Did you know that the newer update of Uniswap, which is Uniswap’ s V3, will make the platform more liquid?
It gained a huge traction with a huge airdrop where-in each trader who traded on Uniswap received a reward of 400 UNI tokens for free. Since then Uniswap became the leader of DEX and UNI price gained bullish momentum.
Also read: A complete guide to cryptocurrency exchanges
If you are someone looking for an investment in a decentralised crypto network, Uniswap is one amazing option to choose.
But not knowing much about the currency’s price movements and trends may lead to investing in the wrong time. So here is an article that has covered every price aspect and analysis of the currency.
Let us try to find out some information on Uniswap.
Table of contents
|Market cap||$ 9,628,558,584.0000|
|Circulating Supply||$ 519,857,388.1321|
|Trading Volume||$ 75.0000|
|All time high||$ 44.9200 May 3, 2021|
|All time low||$ 1.0300 September 17, 2020|
UniSwap Fundamental Analysis
Uniswap is a decentralized exchange founded by Hayden Adams in November, 2018. The protocol exists in the form of two smart contracts hosted on the Ethereum blockchain, as well as a public, open-source front-end client. It’s a 100% on-chain market maker allowing the swapping of ERC20 tokens, as well as ETH to an ERC20, and vice-versa.
UniSwap enables its users to exchange any ERC20 token, including the native ETH token, without middlemen, and allows anyone with an Ethereum address to contribute to the exchange’s liquidity, and thus earn from it.
UNI is the native token of the Uniswap protocol, and it entitles its holders to governance rights. This just means that UNI holders can vote on changes to the protocol. The tokens were launched in an airdrop to thousands of users in mid-September, 2020.
The introduction of the tokens will allow the community of holders to be involved in the governance of the protocol.
1 billion UNI tokens was minted at genesis. 60% of Mothose was distributed to existing Uniswap community members, while 40% was made available to team members, investors and advisors over the course of four years vesting periods.
UNI Price Prediction 2021
Uniswap entered 2021 with a trading price of 4.97. UNI started to recover as the trend started moving up. Effectively, UNI hit $34.77 to register a new all time high on 7 March. However, the Uniswap price tumbled on May 19, when the market crashed due to multiple reasons. Most currencies withdrew from the bullish rally and Uniswap, one among them flipped into bearish movement with a price change of almost 50%. The coin was travelling towards a $50 milestone when it fell near $16 on this very day.
However, if Uniswap keeps up the momentum and refrains from further dip, it might even reach higher with certain improvements with its protocol. The price might consistently rise by every month. UNI price may see a rise and strike at $66 by the year end. Uniswap may be seen trading at a $59.74 mark. On the other end, if it fails to move beyond its $50 mark, the minimum price Uniswap might see is $52.3.
Uniswap Price Prediction 2022
Uniswap might initiate the year 2022 with a price of $60. The price might significantly rise if the market becomes bullish. UNI might gain the attention of the marketers as it provides an easy way to exchange coins. At the end of 2022, Uniswap might trade around $119. If the bulls rally further, the price may escalate even up to $127.5. However, if failing to sustain the momentum, the price may fall at $111.5.
5 Years UNI Price Prediction
In 5 years Uniswap will grow in user-base. It might concentrate on newer projects to enhance its protocol to make it more user friendly. The price might escalate to a newer heights, if the bulls establish control over the bears. It might attain more investors as it creates liquidity. By the end of 5 years, Uniswap may be seen trading at the $280 mark. Uniswap may smash a new high of $312 or more. Contrastly, the price may even plunge to $282.9, if it fails to meet the market expectations.
UNI Market Prediction
According to DigitalCoinPrice, Uniswap exchange is a profitable investment and its price may reach $38.35 at the end of 2021.
According to CoinArbitrage, In the next three years Uniswap could reach as high as $67.5222 and the lowest price could be $5.83102.
According to TradingBeasts, UNI might grow upto $36.82 while its average price will be around $29.45 by the end of 2021.
Our UNI Price Prediction
With a trading price of $5.17, Uniswap commenced the year 2021. Later the price started to grow. Certain collaborations and partnerships to boost the protocol might lead to Uniswap’s price surge. The price may drop, if UNI fails to concentrate on certain developments. We certainly believe that the coming years might be a juncture for Uniswap reaching $100 and $300 milestones year after year. However, as a long term forecast we believe that Uniswap may surge deeply and reach a highest price of $127 in the coming years. On the flip side, if the market trends reverse the price can dip, and seen sailing at a low of $104.
Historic Market Sentiments
Uniswap entered the crypto market on 17 September with a trading price of $2.94 according to Coinmarketcap. The price dramatically surged to $6.96 in two days after the launch as it got listed on several exchanges around the world. Surprisingly, UNI plunged to $3.98 by mid September and managed to reach $5.02 by the end of September.
Later the price declined to $2.57 by early October as bears pulled the market down. With certain variations, UNI traded between $2 and $3 until the end of October. Shockingly, UNI dropped to $1.80 by early November due to massive selling pressure. The price reached its resistance level by mid-November and remained at $3 with certain fluctuations until December. By the end of 2020, UNI was trading at $4.62.
Uniswap is a decentralized exchange in the form of two smart contracts hosted on the Ethereum blockchain, as well as a public, open-source front-end client.
Uniswap is an automated liquidity protocol. There is no orderbook, no centralized party and no central facilitator of trade.
No, Uniswap cannot be halved as it works on the Ethereum blockchain and it can only be mined.
To start, UNI is available through four liquidity mining pools: UNI holders may vote to add more pools after an initial 30-day governance grace period
Yes, Uniswap could reach $100 by the future as it is one of the topmost cryptocurrency and its price might likely rise in future.