Uniswap Price Prediction: DeFi token UNI Pumps by 15%, after it outperforms Ethereum on fees

Uniswap Price Prediction: DeFi token UNI Pumps by 15%, after it outperforms Ethereum on fees
23rd June 2022, Uniswap Price Prediction: The Overall Outlook for UNI Coin is Positive

The current price of Uniswap is $5.49 which is 13.11% higher than 24 hours ago.

Uniswap has been trading continuously in the green zone for the last 24 hours. The price of UNI/USD has now surpassed the $5.45 level, increasing its trading volume by 8.68% and market cap by 14.51%. The current outlook signals a Buy opportunity as the market is presently in the control of bulls.

Uniswap Price Prediction: Google Search

The Google search volume of Uniswap is Steady for last 24 hours.[Place the cursor on the graph below to check the latest interest levels]

Uniswap Coin Price Prediction: Today’s Outlook

IndicatorTrend
TechnicalBuy
Market Cap RankHigher
Trading VolumeHigher
Google SearchSteady
Social Media SentimentLower
Social Media BuzzLower

Read: XRP Price Prediction and Forecast:

Uniswap Prediction: Technicals

Uniswap Price Prediction: Market Cap and Volume data

MetricValueTrend
Market Cap Rank19thHigher
Current Market Cap$ 4 BHigher
Volume Traded in Terms of $ Value$ 300 MHigher

Uniswap Price Prediction: Social Media Sentiment

7 Days1 DayTrend
Social Media Net Sentiment+1.2%-1.3%Lower

Uniswap Price Prediction: Social Media Buzz

VolumeTrend
Social Mentions12.41KLower
Social Engagement37.93MLower

Uniswap Coin News

For all the Latest Uniswap Coin News and Announcements, follow this Link.

Uniswap Tweet

Originally tweeted by Altcoin Fear and Greed Index (@AltcoinFGI) on June 23, 2022.

#UNIswap Fear and Greed Index is currently 49 – NEUTRAL

24h technical analysis index: 100 – EXTREME BUY
Relative Strength Index #RSI: 88
Current #UNI price is 5.5693374135634555 usd

Live analysis for $UNI and other top 30 #cryptocurrencies

What is Uniswap?

Uniswap is a growing network of Defi apps, which invites the participation of Developers, Traders, and Liquidity Providers, which collectively contribute to making a financial marketplace that is open and accessible for all. It supports it by giving ‘superpowers’ for developers such as Quick Start Guides, Protocol Documentation, JavaScript SDK, and a fully open-source code. Uniswap claims to be the largest cryptocurrency project on Ethereum. The Uniswap protocol, however, is a P2P (Peer-to-Peer) system designed to facilitate the exchange of cryptocurrencies based on Ethereum (specifically ERC-20).

Pumps and Dumps in UNI in the last 2 months

  1. Dump: May 26 to May 28 – Price falls from $5.7 to $4.7
  2. Pump: May 28 to May 31 – Price rises from $4.7 to $5.8
  3. Dump: June 9 to June 15 – Price falls from $5.3 to $3.4
  4. Pump: June 19 to June 27 Price rises from $3.4 to $6
  5. Pump: July 4 to July 10 – Price rises from $4.7 to $6.5
  6. Pump: July 13 to July 20 – Price rises from $5.3 to $7.5

Reasons for the Pumps and Dumps

  • In the last 1 month, almost all the valuable cryptocurrencies have started to climb up therefore the rise in UNISWAP as well.
  • The dumps till May 28 were a result of the decreasing total locked value coupled with the slumping price of ETH since the token is Ethereum based.
  • The pumps near May 31 were a result of UNISWAP crossing $1 Trillion in Trade Volume, which showed that the cryptocurrency has a future and can succeed.
  • The dumps surrounding June 13 were a result of a huge whale sale, who sold their ETH tokens for a mere $950 which was lower than the market price, which drove down the price of UNI further.
  • Uniswap acquired NFT Marketplace aggregator Genie.

What will Uniswap Coin be Worth?

According to Wallet Investor, the price of Uniswap may reach $9.793 at the end of December 2022 in the short term.

CrptoGround is quite positive about the future of Uniswap. As per their prediction, the future price may reach $67.4082 in the end of 2025 in the long run.

How to Buy Uniswap Coin?

Here are some general steps to follow to buy Uniswap Coin:

  1. Finding a crypto exchange that has Uniswap Coins listed
  2. Create an account with the Exchange
  3. Verify your identity
  4. Fund the Wallet
  5. Make the Purchase

You can purchase UNI with U.S. dollars on: Binance, Bitfinex, FTX, Huobi Global 

Is Uniswap a Good Investment?

Uniswap coin has been bullish in the last few days despite the crypto market crashing. However, the rise of the UNI coin will completely depend upon the trade volume, whales, and interest of the investors. The total supply of Jasmy coins is 1,000,000,000. For the price to rise Uniswap investors needs to hold UNI tokens for a longer period.

Therefore, for Uniswap to be a good investment, the investors need to play a long-term game.

Uniswap Price Prediction

Note: Crowdwisdom360 collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.

Subhash

Subhash

Subhash, Founder of Crowdwisdom360 is an MBA and a Trained Financial Advisor with an extensive background in Forecasting in Financial Services and Politics. He has appeared many times on National TV and has written for a variety of magazines on Wealth Management and Election Strategy.