In 2020, Uniswap decentralized exchange was at the center of the hype around decentralized finance (DeFi). The platform launched its native cryptocurrency, Uniswap (UNI), in September 2020. The token’s price boomed, and in a couple of days, UNI already was in the top-40 cryptocurrencies by market capitalization.
What is the future of UNI cryptocurrency, and what is a possible Uniswap price prediction? Find out in this article.
What Is Uniswap?
Uniswap decentralized exchange was initially released in November 2018. The platform is a dApp based on the Ethereum blockchain, which enables the exchange of Ether to a variety of ERC-20 tokens. Uniswap incentivizes liquidity providers by giving them commission fees. Uniswap cryptocurrency was launched in 2020 and now is used for voting rights, fundamental developments, etc. UNI is an ERC-20 token listed on Changelly, Binance, Huobi Global, Kraken, Crypto.com, and other exchanges.
In 2021, the UNI token started its performance very impressively, along with the whole cryptocurrency market. In January, UNI’s price was only $5, and by the end of the month, this figure shifted to $20. The token price reached the $30 point already at the end of February. You can follow the Uniswap price changes live in the widget below:
Why did the Uniswap project boom last year? The first and foremost reasons are the platform’s user-friendliness and integration with the Metamask wallet. Moreover, the users are in full control of their private keys. The other DEXes’ interfaces were not as intuitive as the Uniswap’s. So it’s just an automated market maker that has an open-sourced code. There is no order book or any intermediaries. That’s why this decentralized platform makes the process of exchange smooth and easy.
Uniswap is based on the AMM (Automated Market Maker) system. Liquidity is created by pools with ERC-20 tokens. Liquidity providers charge a commission on each exchange (0.3%); these fees are redirected to the pool’s reserve fund. UNI holders receive 0.05% on each commission, while liquidity providers receive the remaining 0.25%. Uniswap is not the first project with AMM, but it definitely popularized the development of this direction, due to which other similar protocols began to appear.
Uniswap is a significant GAS supplier on the Ethereum network due to the numerous transaction fees in this protocol. However, it became an issue lately. The Ethereum protocol fees became enormous, but the Ethereum team has already been looking for a solution to the scalability problem.
UNI Technical Analysis
The price action has been parabolic along with the whole crypto market for the past few months. The rate growth is expected since Uniswap is launching the third version (Uniswap V3). According to the users via the TradingView platform, who are in charge of the Uniswap technical analysis, predict UNI token to be on the top-5 altcoins list this summer. They say that those who invest now get 3x profit. Well, very bullish!
Uniswap Price Prediction 2021
There are many opinions concerning the Uniswap future price. However, none of them are bearish. According to the DigitalCoinPrice source, UNI token price will grow two times from its current value and reach $43 by the end of the year. The Long Forecast website is quite close – $41. These predictions are based on well-balanced algorithms.
However, Wallet Investor predicts almost 200% change. According to the source, the Uniswap token will go up to $90 at the end of December 2021.
UNI Price Prediction 2023
In a couple of years, Uniswap investment can bring a profit. DigitalCoinPrice predicts the rise in the middle of 2023, so the UNI token will reach $63. However, by the end of the year, the price might fall to $50. Long Forecast price prediction is not so bullish. UNI token will probably slightly go up to the $44 mark.
Once again, Wallet Investor has unbelievably high hopes. According to the source, the Uniswap token will start the year at the $130 mark and reach $220 by the end of 2023.
Uniswap Price Prediction 2025
The following two sections are not so obvious in terms of becoming real. The thing is that the cryptocurrency market is highly volatile. So the market mood might change thousand times as well as price predictions. Nevertheless, there are some figures.
Digital Coin Price claims that Uniswap will start 2025 at the $96 point; however, the price will go down to $87. Long Forecast is here to surprise us with a low potential prediction in five years – only $47. And here is the king of bullish predictions – Wallet Investor, which promises Uniswap to reach $367.
UNI Price Prediction 2030
We did not find any opinions concerning Uniswap’s future in 2030. Only DigitalCoinPrice expresses its point of view on the long-term basement – the source claims that by the end of 2028, the UNI token might reach $140.
Watching the Uniswap cryptocurrency chart, we can definitely say that the Uniswap token is worth investing in. What’s more, the UNI token has great chances to enter the top-10 cryptocurrency list since the token price has grown by almost 560%.
Frequently Asked Questions
In this section, we have selected the most popular questions regarding Uniswap cryptocurrency and the decentralized exchange itself.
Does Uniswap have a future?
Definitely! The native government has a lot to offer in the future. The continuous development of the platform promises us growth of its UNI token.
Will the Uniswap price go up?
Crypto experts and financial analysts say that the Uniswap token (UNI) is on the doorstep of its rise. So, the crypto community can definitely think about UNI as a profitable investment option.
Where can I buy Uniswap coins?
It’s easy to buy Uniswap tokens on the Changelly platform. Choose the exchange pair (we provide fiat transactions too), fill in your wallet address, and – voila! – your UNI tokens will be in your wallet in a matter of minutes. Our partners, MoonPay and Indacoin, provide you a smooth Uniswap purchase for fiat (USD, EUR, GBP) with credit and debit cards (Visa/Mastercard), bank transfer, or ApplePay. Check out our widget below and get UNI tokens for the best possible rate.
How do I use Uniswap?
In order to start using Uniswap DEX, go to the website and connect your wallet, e.g., Metamask. Then, select the tokens you want to deposit and get, swap them, and confirm the transaction request in your wallet.
Published at Wed, 31 Mar 2021 12:50:05 +0000