The Uniswap token UNI is an ERC20 token. Currently, it is ranked as #26, with a market cap of $5,678,134,474.09. The total supply of UNI coins is 1,000,000,000 UNI tokens, with a circulating supply of 687,180,513 UNI tokens. The token’s price currently sits at $8.26, a decrease of 6.03% or $0.5299 in the previous 24 hours. It is traded with a market dominance of 0.33%. For the last 24 hours, the trading volume has increased about 35.00% and stands at $188,346,543.34.
What is the Uniswap (UNI) coin?
It is the largest decentralized exchange on the Ethereum blockchain. The platform enables users to trade cryptocurrencies without the need for an intermediary. It was launched in November 2018, and in just three years, it has gained significant traction as the decentralized finance application launched on Ethereum. Since its launch, many other DEXs have been launched, but Uniswap has remained the most popular one.
It is a governance token, which means it is used to vote on key protocol changes. The UNI tokens also offer utility for different individuals where they enable a decentralized, alternative payment method without the interference of intermediaries. In this way, Uniswap provides more control over your money.
The token can also be used as an alternative to expensive and slow international transfer methods. Furthermore, it can also be used for speculation and investment and provide an opportunity for income generation via UNI liquidity staking. Hundreds of millions of people can also use Uniswap tokens without bank accounts and access to smartphones as an alternative financial system.
Uniswap (UNI) coin price history & monthly technical outlook
In the last 24 hours, the UNI’s value has fallen by 5.05 percent. When we compare UNI’s current market capitalization to the previous day’s market capitalization, we can see that the market cap is also decreasing by 6.08%, and its fully diluted market cap is at $8,262,944,546.40.
Over the past seven days, the price of the token has decreased by 13.76 percent. It suggests that there is much room for improvement and that the coin could be a profitable investment opportunity. Currently, the price of Uniswap is $8.27, which is about 81.61% below its all-time high level of $44.97.
Uniswap (UNI) coin fundamental outlook
Recently, the decentralized exchange Uniswap has launched an interface that directly converts ERC-20 tokens into ETH and sends them to the official crypto wallet addresses of the Ukraine government in a single transaction. The wallet addresses shared by the Ukrainian government were located on a centralized exchange and could only receive ETH and USDT coins. Thus, Uniswap came up with a solution and designed an interface that simplifies the donation process for anyone holding ERC-20 tokens on the Uniswap list. All the donors will need to connect their wallets to the DEX, and then they can make donations in ERC-20 tokens.
In February 2022, the data from WhaleStats suggested that Uniswap had become the most traded asset among Binance Whales, or the 1000 largest BSC addresses. The figures were higher than Ethereum, which suggested that Uniswap was the most used smart contract platform among Binance whales. It is also the most widely held token among the top 1,000 ETH wallets. In other words, almost every large wallet holds at least one UNI token.
The token introduced its most sophisticated and latest version in May 2021, named the V3 mainnet version. The upgrade improved the need for concentrated liquidity and capital efficiency for liquidity providers. The execution of trades was also improved in this upgrade. In August 2021, Uniswap introduced Arbitrum’s alpha version, enabling customers to trade on the platform with reduced gas fees and rapid confirmation of transactions.
In February 2022, an active liquidity management platform for Uniswap V3, Universe Finance, which aims to maximize Uniswap V3 returns and liquidity income for consumers, announced the launch on Ethereum and Polygon.
Will the UNI coin price reach 100 USD?
Uniswap is the largest decentralized exchange by trading volume in the DeFi sector. It has a proven track record for maintaining its position in the crypto industry. Most large coins have been experiencing a downturn recently, affecting these tokens’ prices. However, there is still hope as the platform is performing impressively. Yes, the token price of UNI can reach 100 USD in the long-term future if the coin continues to perform well.
Uniswap (UNI) coin price prediction 2022-2025
The following is the price prediction for the token for the next five years to come. These predictions are made using technical indicators, historical prices, market cap, volume, fundamentals, and upcoming projects, etc.
Uniswap (UNI) price prediction 2022
The short-term technical outlook of the UNI price suggests an increase of price to $28 in 2022. The analysts have predicted that in 2022, the coin could reach a maximum level of $31. If things don’t remain in favor of the token, then the coin could reach as high as $17.
Uniswap (UNI) price prediction 2023
In 2023, its price could reach its all-time high level near $42 if the conditions remain in favor of the coin. Our analysts have predicted the highest level of $52, and the minimum level is anticipated to be $32.
Uniswap (UNI) price prediction 2024
In 2024, the release of more new tokens and bullish market sentiment are expected. Given the improved predicted market conditions, Uniswap coin can hit a maximum level of $85 and a minimum level of $51. It is estimated that by the end of 2024, UNI tokens will achieve an average price of $72.
Uniswap (UNI) price prediction 2025
According to our analysts, the long-term prediction for this token is highly bullish. With more adoption and increased knowledge and understanding of the cryptocurrency space, the market expects upward momentum. The highest estimate for UNI coins in 2025 is $150, and the lowest estimate is $80. The long-term average price of the token is predicted to be $120.
Will the Uniswap (UNI) coin crash?
Recently, the market has been experiencing mixed momentum due to the Russia-Ukraine War. The high level of uncertainty associated with the market can turn the momentum to either side.
Will Uniswap (UNI) increase rashly?
The long-term prospects of this coin are highly bullish as analysts suggest the coin can reach $100 and above in just four years.
Will Uniswap (UNI) overtake BTC?
It is improbable for UNI to overtake BTC as the leading crypto shortly.