Uniswap (UNI) Price Prediction: What UNI Plans Ahead for Investors?

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Uniswap (UNI) is one of the top decentralized, permissionless protocols created by the Ethereum developer Hayden Adam.

The platform came as a plan to launch ETH and AMMs to a broader audience. UNI ranks #25 in CoinMarketCap and is popularly known for simplifying the automated trading of decentralized finance (DeFi) tokens.

As an automated market maker (AMM), Uniswap has gained influence in the crypto community due to its DeFi phenomenon and related increase in token trading after its launch in November 2018.

The crypto project aims to improve trading effectiveness while keeping the process automated and open to users. Historical data on the past and present price action of Uniswap will assist in predicting its future market trend.

Uniswap (UNI) Historical Price & Market Actions

CoinMarketCap (a popular crypto analytical platform) stated that Uniswap has performed well since its launch on Nov 2. 2018.

Also, after the launch of its latest version – Uniswap V3, on May 5, 2021, which consists of exclusive features such as greater capital effectiveness for liquidity providers, improved infrastructure, and amazing execution for investors, UNI experienced an all-time high of $44.97.

Currently, Uniswap’s price is at $5.19, and it’s ranked No. 25 among all cryptocurrencies. According to CoinMarketCap, the coin has 577,501,036 UNI in circulation, with a 24-hour trading volume of $54,926,386.

Uniswap’s live market cap is $2,998,199,112, involving a maximum supply of 1,000,000,000 UNI coins. In the short term, Uniswap got to various prices at the beginning of June, recording $5.0217 on June 1 and $5.2741 on June 28, 2023.

The bears took possession of UNI’s market from the bulls, causing the token’s price to drop from $5.0819 on June 3 to 4.0565 on June 11, 2023.

However, on June 25, UNI started a new green trend, from $5.4397, with a firmer bullish trend, which caused the coin to maintain a positive market from $4.8 to $5.4. It hit $5.5 on July 1, 2023.

Also, in the past 30 days, UNI’s price rose by 30.62% and added $1.21 to its value of $3.95; this pushed its market cap to $2,978,795,698. In the last 24 hours, Uniswap’s price has dropped by 2.05%; over the past 7 days, it further dropped by 8.49%.

As of today, June 10, 2023, UNI is currently trading at $5.221.

UNI Might Completely Enter the Bearish Trend in the Short Term

UNI’s technical chart above showed that Uniswap might completely enter the bearish trend in the short term.

The UNI token trades above the 50-Day Simple Moving Average (SMA) and below the 200-Day SMA. This indicates that the token is bullish in the short term and bearish in the long term.

The asset has the Relative Strength Index (RSI) of 57.98 within the neutral zone. This indicates that the market is almost out of the favor of the bulls as it is slightly above 50.

Again, UNI’s Moving Average Convergence Divergence (MACD) is trading slightly below the signal line with a little red histogram bar.

This shows the market is bearish today, and the selling pressure has increased noticeably. Meaning that the asset’s market may be bearish in the short term.

Uniswap’s Support and Resistance levels

Considering the chart above, if the bears increase selling pressure, UNI’s market price might reach the $4.820 support level. However, if a piece of news that could favor the bulls should come up, the token might gain and reach the $5.605 resistance level.

If it tries and crosses this resistance, it could create a positive market sentiment within the UNI’s market. This might increase investors’ investments, pushing the token’s price to a $6.331 resistance level.

Note that cryptocurrencies always fluctuate in market price and have high volatility. Making an in-depth analysis and having risk management before investment is necessary.

Expert’s Price Prediction for Uniswap in The Short and Long Term

Uniswap’s future market price is predicted by some experts at CryptoNewsZ, and by 2023, they said the token would have the lowest and the highest prices, around $4.55 and $11.05, respectively.

By 2026, the experts noted that UNI’s market price could be $14.61 and $21.03 for the minimum and maximum prices, respectively. By 2028, they said that the asset could have a lowest price of $23.48 and a highest price of $33.80.

By 2023, the team also predicted that the UNI could have the maximum and the minimum prices around $54.21 and $37.66, respectively.

Some other analytical groups at Bitcoinwisdom predicted that by 2023, UNI could have $6.50, $7.58, and $8.13 for the lowest, average, and highest prices, respectively.

By 2025, the team also shared that the asset could have an average price of $16.71, a minimum price of $15.66, and the maximum price of $18.27.

By 2029, they also predicted that the token’s market price could be around $36.55, $37.59, and $39.16 for the lowest, average, and highest prices, respectively.

Again, some expert team at Bitnation predicted that by 2023, the asset’s market price could have an average price of $7.81, a minimum price of $6.25, and the maximum price of $9.37.

By 2027, they also shared that UNI may have market prices of $27.07, $28.63, and $30.20 for the lowest, average, and highest prices, respectively.

By 2031, they also predicted that the asset could have average, minimum, and maximum prices at $47.90, $49.46, and $51.02, respectively.

Factors Affecting the Price of Uniswap

Uniswap as crypto is also affected by various factors that cause changes in the general crypto market.

These factors include the law of demand and supply, macroeconomics, market sentiments, recent development within a crypto network, etc.

Market Sentiments

Market sentiments influence all cryptocurrencies. When there is a negative sentiment, most investors panic about further losses of their assets, thereby forcing such assets to drop in price.

When a positive market sentiment follows a piece of news in favor of the general crypto market or a particular coin, investors would like to invest more.

This is relative to UNI as crypto and may also affect its market behavior.

Bitcoin Price Performance

The price action of Bitcoin always affects the market price of other cryptocurrencies. If Bitcoin gains, others will gain, and when it drops in market value, others will also depreciate.

During the SEC’s lawsuit on Binance, which occurred on June 5, 2023. Bitcoin dropped from $26,968.22 to $25,445.17 on June 4 and June 5, 2023.

UNI also dropped in market price between these same days from $5.0124 to $4.7330 on June 4 and June 5, 2023.

The General Crypto Market Cap

The general crypto market carp is the metric that summarizes all the general performance of cryptocurrencies.

When the general crypto market cap gains, this could trigger positive market sentiment in the individual crypto markets, including Uniswap.

Investors would like to make buying decisions based on the general crypto market cap gain, but when the market cap is down, the reverse becomes the case in all crypto markets, even for UNI.

Wall Street Memes (WSM) Presale

The Wall Street Memes presale started on May 26, 2023, raising $100K in a matter of minutes. The presale’s explosive start was probably caused by its already solid internet reputation and a history in cryptocurrencies.

Furthermore, the Wall St Bulls NFT Project (founders) sold out more than $2.5 million in 32 minutes during the NFT craze of 2021.

After the launch of the NFT collection, the creators continued their business in the crypto and stock markets, gaining over one million followers through sharing memes and other social media content.

An airdrop is open to users that follow all of the WSM social media accounts, buy $WSM tokens, and provide proof of purchase, among other requirements.

Users can participate in the presale by signing into the official Wall Street Memes website, connecting their cryptocurrency wallet, and exchanging their ETH, BNB, or USDT for $WSM tokens.

The project provides a $50K airdrop and 420 extremely uncommon NFTs as Bitcoin Ordinals to coincide with its meme coin presale. WSM tokens worth $50,000 ($10,000 each) will be awarded to five lucky winners as compensation from the airdrop.

A total of 2 billion Wall Street Memes tokens are available, with 50% being made available during the presale, with a maximum of $30,577,00.

Additionally, the project uses a WSM airdrop to reward community members who successfully achieve specific tasks. Over $300,000 was raised on the presale’s first day, and over $500,000 was raised in the first 48 hours.

By any measure, this is a remarkable accomplishment that puts Wall Street Memes among the top ICO of 2023. These actions will probably just increase investors’ interest in Wall Street Memes. At a selling price of $0.0313, $WSM is now in stage twenty-two of its presale.

There are 30 stages, with the last stage’s cost anticipated to be $0.0337. Also, the project has raised $13,817,596.38 during the ongoing presale. As of today, July 10, 2023, WSM has raised $13,888,047.48, reaching the stage benchmark of $14,651,887.05 as of writing.

Newest Meme Coin ICO - Wall Street Pepe

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