Uniswap (UNI) is one of the biggest exchanges in the decentralized finance space (DeFi market). The DeFi Uniswap protocol was founded in 2018 by former mechanical engineer Hayden Adams. The Uniswap exchange functions as a 100% on-chain automated protocol maker on the ETH blockchain. It allows DeFi token users to swap etherWhen (ETH) for any ERC20 coin without intermediaries, act as the liquidity provider, and solve a huge chunk of the liquidity pool problems faced by most exchanges in the cryptocurrency market.
Uniswap (UNI) is a native coin, which serves as the platform’s governance token and currently has a market capitalization of $12.4bn. On May 5, the project’s team deployed Uniswap v3 on the second layer of ETH via Optimism.
The introduction of the v3 factors could help propel UNI prices skywards, especially considering the available data shows that the update has already helped UNI token become the largest DEX on the ETH network. Furthermore, it has also made Uniswap more accessible to a new class of users due to lower transaction fees.
What is Uniswap?
Uniswap is a decentralized exchange built on ETH‘s blockchain to allow decentralized finance transactions. Unlike centralized exchange decentralized exchanges, let investors or users swap cryptocurrency and data without making an account with centralized cryptocurrency platforms like Coinbase or Binance. As a result, the platform transacts over a billion dollars in cryptocurrency daily, and it’s the most used exchange for crypto and data transfer in the world.
Current Price & Supply Details according to CoinMarketCap
When writing this article, the price for one Uniswap UNI is trading at $19.345. It’s ranking at #10 within the entire crypto market. It has a value of $2,070,905,210 with 277,250,381 UNIs in circulation. It’s max supply is 1,000,000,000.
Uniswap Historical Price Analysis
Although the (Dex) has been around since the year 2018, it wasn’t until 2020 when Uniswap’s UNI token came into existence. In the first year of its release, it had an initial price of just $3.00. However, because of the ferocious hype surrounding it, Uniswap price change increased to $7.00 by September 19, 2020, according to CoinMarketCap.com
After the hype and excitement began to wind down, the price also began to fall, but it did not experience a drastic price change than other tokens, nor was its all-time low. Its all-time low was at $1.03 on September 17, 2020, before its price increase, according to CoinGecko.com.
CoinMarket states its all-time low to be $0.4190 on that same day. It experienced its all-time high of $8.44 only a day after it began to calm down and decline. UNI’s price continued to decline as the months rolled by, although it never went below $2 before it again began to slowly increase in price, thanks to the 2020 bull run. UNI finished the year 2020 with a price of $5.00. Since then, it continued to increase, with it now being on the verge of surpassing its former all-time high.
Moving away from the conventional cryptocurrencies, Uni token operates on a decentralized P2P exchange automated market maker (AMM). Before we dig into the Uniswap price prediction, let us have a look at some of the unique features of Uniswap. Being linked to ETH enabled as two smart contracts, Uniswap has a unique feature of providing liquidity providers (LPs). This unique feature of Uniswap acts as a significant catalyst in entirely removing the hurdle concerning coin mining. In a manner, it promotes transparency eliminating the middlemen or permission.
Hence, instead of the individual cryptocurrencies, the digital assets are linked as pairs. As a decentralized protocol for automated liquidity provision on ETH, Uniswap took the entire crypto space by surprise during the pandemic when Uniswap decided to launch its UNI on September 17, 2020. This was magic for all those holding Uniswap as they turned millionaires on September 17, 2020. While taking the crypto world by storm, a wave of governance tokens started ruling the crypto discussions again. Check out the coin details before we jump to detailed Uniswap price prediction.
Uniswap Smart Contracts
Essentially, Uniswap is just a bunch of smart contracts that work together to make a decentralized exchange. Smart contracts are code that’s uploaded to the blockchain, and since it’s on the blockchain, the code has the same decentralized and borderless capabilities that cryptocurrencies have. Smart contracts can transfer money autonomously based on the parameters in the code, allowing for highly efficient financial services.
Investors send their cryptocurrency or funds to Uniswap smart contracts to earn interest on their holdings; these investors are referred to as liquidity providers. The smart contracts that hold their cryptocurrency are called liquidity pools. Liquidity providers are necessary for Uniswap to operate, as it’s how they can provide liquidity to trade on the platform. Instead of order books, the smart contract calculates the price of each crypto asset. This process is how a Uniswap smart contract works.
In addition, the ERC20 token is the standard for issuing and creating smart contracts on the ETH blockchain. ERC 20 token standard was implemented in 2015.
Uniswap price prediction 2021
One-year predictions, according to Coinmarket.
Uniswap price prediction for July 2021
The beginning price is projected at 19.27 Dollars. After that, they will hit a maxi price of $27.61 and a mini price of $16.96. The average of $22.41. Uniswap price projection at the end of the month is $25.80, a change of 33.9% in July.
Uniswap prediction for August 2021
The beginning price is projected at 25.80 Dollars. After that, the price will hit a maximum price of $32.03 and a mini price of $18.92. The average of $26.67. Uniswap price projection at the end of the month is $29.93, a change of 16.0% in August.
Uniswap price prediction for September 2021
The beginning price is projected at 29.93 Dollars. The price will hit a maximum price of $29.93 and a mini price of $23.38. The average of $27.10. Uniswap price projection at the end of the month is $25.14, a change of -16.0% in September.
Uniswap prediction for October 2021
The beginning price is set at 25.14 Dollars. The Maxi price is $25.14, and the minimum price of $19.64. The average of $22.76. Uniswap price projection at the end of the month at $21.12, a change of -16.0% in October.
Uniswap price prediction for November 2021
The beginning price is set at 21.12 Dollars. The Maxi price is set at $26.22, and the minimum price is set at $21.12. The average is $23.24. Uniswap price projection at the end of the month is $24.50, a change of 16.0% in November.
Uniswap price prediction for December 2021
The beginning price is set at 24.50 Dollars. Maxi price is $30.41, and the minimum price is $24.50. The average of $26.96. Uniswap price forecast at the end of the month is $28.42, a change of 16.0% in December.
Forecast UNI Price prediction according to Capital.com
Uniswap coin price prediction for 2021, 2022 and 2023
The UNI price action has been on an incredibly bullish momentum since the turn of the year. Since the start of 2021, UNI has outperformed many other DeFi coins. At its May 3 all-time high of $44.97, UNI has gained nearly 800% from January 1, 2021.
Even though the Uniswap token recently endured a sharp correction and lost about 50% of its value, investors are still trooping into the UNI market, given the project’s strong fundamentals. Technical analysis shows that UNI has recovered over the past few weeks and has surmounted some significant hurdles to reclaim the $21 support. As of the time of writing, the token was trading at $22.23.
UNI can hold the crucial support level near $21 in the coming sessions; UNI might likely break the strong resistance of around $26. That upward trajectory could give the bulls some much-needed momentum, allowing the price to climb higher towards the critical psychological level at $36. That said, UNI will need support from the broader crypto market to rally toward its recent record in the near term. For example, should BTC (BTC) recover its recent losses to hike above $40,000 and lead the market into a renewed bull run, UNI could mirror that price action and move higher.
Wallet Advisor’s Uniswap (UNI/USD) forecast highlights consolidating trends on the price charts that indicate the token might go on a higher sentiment and hit $50 by the end of the year. According to the website, the UNI price will rise from $25.76 at the start of July to $51.8 by the end of 2021, climb to $104.48 by the end of 2022, and $156.81 December 2023, and $262.92 by the end of 2025.
UNI Price Predictions: 2021, 2022, 2023, 2024, 2025
The only relief factor about the pandemic is that it has not done any discrimination regarding currencies. On the contrary, the pandemic has been a blessing to most of the fiat currencies and cryptocurrencies.
Even though the coin has shown a tremendous sustaining performance from January last year, many analysts surmise the bull run could be distant. At the same time, the others debate entirely differently. Due to this mixed feeling about the coin’s future, many investors are still considering whether it is worth investing in Uniswap (UNI).
Price of Uniswap Prediction 2021
In 2021, there should be a bullish movement driving the price of Uniswap to continue towards a minimum of $80 for sure. Traders and investors consider these signs of investing in UNI.
UNI Price Prediction 2022
Although it started the bullish trend last year, the UNI might ride a bullish trend throughout 2021 and undoubtedly continue riding news waves in the future into 2022. Somewhere in between the years 2021 and 2022, this period, the price movements of UNI/USD could be seen taking it to a higher point pegged at $61, followed by an immediate sharp correction by October 2022.
Uniswap Price Prediction 2023-2025
Fluctuating between $70 and $80, the price of the Uniswap coin may show some resistance. Still, it can’t be said with certainty about the positive price change of UNI as to whether these three years would mark the golden era for this cryptocurrency UNI. There could be some significant changes in industry scenarios; however, UNI is resilient and consistent. In addition, global economics may also affect Uniswap price movement.
The stars are bright for the UNI coin. Some speculation around the price of Uniswap in 2023 also highlights that UNI would ride the bull market by 2025; it even might reach an all-time high of $100. Uniswap seems now to be racing to set a record affirming its position showing stability.
2021 UNI Price Prediction
The price forecast for the year 2021 looks very positive. It is expected that by the end of the year, any UNI holder can expect a 49.39% increase from the current price.
Uniswap Price Prediction 2022
2022 looks even more positive as it has been forecasted for the price to continue rising. It is predicted that by June, any investor can expect an almost double price increase.
Uniswap Price Prediction 2025
2025 doesn’t appear to be any different, other than being more highly positive. As a result, investors can expect an average 194.45% increase from the current price.
According to the technical analysis of the available price forecast, there are great hopes the crypto community holds for UNI. It is surely an ideal tool for developers and engineers generating more such decentralized applications. Uniswap is a recent project and naïve in the community. The leadership team is to step up and give it the desired direction to optimize the goals set for a higher price at the moment and in the future. There are brighter horizons in the long term, but it all boils down to how the entire digital currency industry thrives.
Where can I buy UNI?
UNI is listed on all esteemed cryptocurrency exchanges, and these compliance exchanges allow you to directly trade UNI tokens for fiat currencies like USD, EUR, GBP, etc., or other cryptos like Chainlink on many exchanges
Does Uniswap have a future?
Currently, the trading volume of Uniswap is $1,229,613,764, and the market cap of Uniswap is $21,045,755,194. These numbers are as close to BTC price prediction and ETH price prediction. If you invest in Uniswap, the UNI tokens are surely going to rise and have a bright future ahead. Due diligence is also advised, with all rights reserved. undoubtedly continue actually
Why do people trust UNI?
People have become aware that one cannot turn a billionaire in the short term or long term when you wisely invest in crypto. Hence they buy tokens based on the coin’s long-term real performance. Therefore, investing in UNI for the long term should be one of the best investment advice you should consider.
Why is UNI rising?
The credit for that goes to the faith investors have reposed in the asset. At the same time, it is an excellent reason that UNI is listed on the exchange to show excellent performance. UNI’s satisfactory performance triggers investor response and shows many motivational sentiments; no wonder UNI shows a constant up-rise.