Search Inside Bitcoins

Uniswap Price Gains 10.2% to $22.36 – How to Buy UNI

Uniswap price
Uniswap price

Join Our Telegram channel to stay up to date on breaking news coverage

DeFi tokens have been making massive gains this year, and Uniswap has not been left behind. Uniswap is among the few coins still trading at the green zone this week as the rest of the crypto market takes a dip.

UNI is trading at $22.36 on major exchanges at the time of writing after a 10.2% gain in 24 hours.

UNI Price Analysis

UNI Price Analysis
Source: TradingView

Uniswap’s dominance in the DeFi market makes this token one of the greatest crypto investments. Just last week, UNI maintained an uptrend and showed signs of reaching the $30 level. However, the rally was interrupted shortly after, and UNI retreated.

UNI has gone above the $20 critical support levels at the current price, which shows it may be recovering from bears. A full recovery will be recorded if UNI pushes beyond $25, a level, which will form ground for a bull swing.

There is still a chance that UNI might fail to maintain an uptrend and trend downwards below $20. This will mainly occur if there is a lack of market support. Shooting to those low levels might create a new entry-level for traders who want to leverage the dip.

Despite the gains, the overall market for UNI is still bearish, given that in a 30-day period, UNI is still down by around 12%.

Uniswap is dominant in the DeFi and crypto sector. Rarely can a week or two pass without Uniswap’s integration into other crypto projects. Just recently, CoinMarketCap integrated Uniswap’s network to launch Ethereum token swaps. Users on CoinMarketCap can link to an Ethereum wallet and trade tokens through the Uniswap protocol.

Uniswap is also benefiting from Artificial Intelligence (AI), which is believed to help to streamline the DeFi sector., an artificial intelligence firm based in Cambridge, launched the service to help DeFi users avoid the risk of massive losses through automatic withdrawals.

These developments by Uniswap make UNI one of the safest investments in the crypto space, especially by those who venture into the market because of technology and usability. With the growth of DeFi, a rise in UNI value is inevitable.

Where to Buy UNI

If you want to buy Uniswap tokens, you can create a crypto exchange account on eToro. eToro is one of the best exchanges because it charges low trading fees and gives access to a wide range of cryptocurrencies. Besides, eToro favours beginner traders because it has a copy trading feature that allows new traders to learn from market experts.

Looking to buy or trade Uniswap (UNI) now? Invest at eToro!

75% of retail investor accounts lose money when trading CFDs with this provide.

Join Our Telegram channel to stay up to date on breaking news coverage

Read next