The post Uniswap (UNI) Price Prediction 2022, 2023, 2024, 2025: Is UNI Coin A Good Buy? appeared first on Coinpedia Fintech News
DeFis have come into existence with the idea of no intermediaries. The sector is going mainstream in the industry, as investors are now evaluating digital assets based on its TVL in DeFi, amongst other factors.
Uniswap, a prominent cryptocurrency from this sector, aims to bring greater decentralization. The protocol’s native asset UNI is under the active consideration of marketers.
Are you considering investing in UNI but are dubious about its future prospects? Then, look no further as we decode the plausible Uniswap price prediction 2022 – 2025 and the years to come!
Table of contents
- Uniswap (UNI) Price Prediction 2022 – 2025
Synthetix Network Token
|Circulating Supply.||762,167,781.20 UNI|
|All-time high.||$44.97 On May 03rd, 2021.|
|All-time low.||$0.419 On September 17th, 2020.|
*The statistics are from press time.
Uniswap (UNI) Price Prediction 2022 – 2025
Uniswap Crypto Price Prediction For November 2022
Looking in the price chart, If it clears the roadblock above the neckline of $6, then UNI could explore newer heights. The altcoin could brush its potential high of $6.4352.
While the lack of stimulating catalysts and regular trades could limit the price to $5.9412. That said, the bears could pull the price to $5.264.
UNI Coin Price Prediction For December 2022
The digital asset might seek further attention from marketers towards the year’s final leg as it provides an easy way to exchange coins. As a result, the annual closing rate of Uniswap price prediction could reach the potential high of $7.1568
Regular trades might settle with the average price of $5.7360, but if it fails to sustain the momentum, the price may fall to $5.4464.
Interesting Read: CoinPedia Price Prediction.
Uniswap Price Prediction For 2023
If Uniswap gathers bullish momentum from the heights of the previous year, the price might brush its potential high of $9.3881. On the flip side, if the bears outweigh the bulls, the price could plunge to $7.3832.
That said, with only regular trades without bullish catalysts, the price might settle at $8.2865.
UNI Crypto Price Prediction For 2024
The year 2024 remains imperative for the crypto industry, as it marks the halving of Bitcoin. The event holds the potential to kick start a bull season. In such a case, the price of the altcoin could escalate to its potential high of $12.0548.
On the down side, factors like regulatory clampdown could haunt the price down to $9.979. Successively, the average trading price might occur at $11.0117.
Also Read: AAVE Price Prediction 2022 – 2025
Uniswap (UNI) Price Prediction For 2025
By the end of 2025, Uniswap would be growing its user base, which would seek impetus as the protocol creates liquidity. It might concentrate on newer projects to enhance the protocol to make it more user-friendly. That said, by the end of 2025, UNI could hit its potential high of $16.6835
Whilst regular buying and selling pressures could limit the closing price to $14.3031. Contrastingly, the price could plunge to $11.9227 if it fails to meet the market expectations.
Also Read: Sandbox Price Prediction 2022 – 2025
What Is Uniswap?
Uniswap is a well-known decentralized trading protocol built on the Ethereum blockchain, which aims to facilitate the automated trading of DeFi tokens. The protocol enables users to exchange any ERC20 token, including the native ETH token. Without middlemen, anyone with an Ethereum address can contribute to the exchange’s liquidity and earn from it.
UNI is the native token of the Uniswap protocol and entitles its holders to governance rights. This means that UNI holders can vote on changes to the protocol. The tokens were launched in an airdrop to thousands of users in mid-September 2020.
- Decentralised Exchange
The Uniswap company was founded by Hayden Adams in 2018 and is located in New York. It is a decentralized finance protocol that enables peer-to-peer market-making and is used to exchange cryptocurrencies and tokens. The name itself says it is unique and doesn’t use an order book to derive the price of the asset. The primary currency that this platform uses is Ethereum, the platform has received investments from venture capital firms including Union Square Ventures LLC, Paradigm Venture Capital, and ParaFi.
The traders and the investors are using Uniswap because of its usage in decentralized finance (Defi). Here, blockchain networks run on open-source software and are completely different from other cryptocurrency exchanges. The platform allows users anywhere in the world to trade crypto without an intermediary and users can swap tokens using liquidity provided by other users and charge a small fee whenever a trade is made. The first version of the uniswap protocol was a proof of concept for AMMs (Automated Market Makers), and the latest version is to allocate liquidity within a certain price range by introducing new options.
Uniswap is a decentralized exchange founded by Hayden Adams in November 2018. The protocol exists in the form of two smart contracts hosted on the Ethereum blockchain and a public, open-source front-end client.
It’s a 100% on-chain market maker allowing the swapping of ERC20 tokens, ETH to an ERC20, and vice-versa.
Also Read: Maker Price Prediction 2022 – 2025.
Latest Updates On Uniswap
Uniswap offering up to $3,000,000 to anyone who finds a bug in the Permit2 or Universal Router smart contracts as per their latest update on twitter.
CoinPedia’s UNI Price Prediction
As per Coinpedia’s formulated Uniswap price prediction. Specific collaborations and partnerships could boost the protocol, thereby propelling the price to $7.1568 by the end of 2022.
On the flip side, the price may drop to $5.7360, if UNI fails to concentrate on certain developments. That said, we can look forward to average levels of $6.4464 if the digital asset refrains from reacting to market sentiments.
Historical Market Sentiments
Uniswap entered the crypto market on the 17th of September with a trading price of $2.94. However, the price dramatically surged to $6.96 two days after the launch, as it was listed on several exchanges. Surprisingly, UNI plunged to $3.98 by mid-September and managed to reach $5.02 by the end of September.
UNI traded between $2 and $3 until the end of October. Then shockingly, UNI dropped to $1.80 by early November due to massive selling pressure. The price reached its resistance level by mid-November and remained at $3. By the end of 2020, UNI was trading at $4.62.
Uniswap made its way to 2021 with a trading price of $4.97. UNI hit $34.77 to register a new all-time high on the 7th of March. However, the price tumbled by almost 50% after the crash on the 19th of May.
In August, regaining the price momentum, UNI’s price surged to $30.46 from $14. Then, with a slight pullback, the asset traded at around $25 until November. After volatile weeks, the year was closed at $16.23.
UNI price made it to 2022 with a price tag of $16.80, just as the digital asset started picking up steam. It was pushed to $14.49 by the 8th of January. While the numbers rose to $18.18 over the week, the leg-up was short-lived, as the price fell to $9.60 by the 24th of January.
After hovering closer to its resistance level at $10.91 until the 19th of February, UNI saw its quarterly low of $7.48 on the 24th of February. Following its move through the turbulent weeks, the altcoin closed its quarterly trade at $12.37.
Just like any other cryptocurrency and the broader market, the second quarter has been brutal for the Defi token. After losing out over 57% of profits, in the second quarter. The current uniswap price is $5.9284.
Also Read: Avalanche Price Prediction 2022 – 2025
Uniswap is a decentralized exchange in the form of two smart contracts hosted on the Ethereum blockchain, as well as a public, open-source front-end client.
Uniswap is an automated liquidity protocol. There is no order book, no centralized party, and no central facilitator of trade.
No, Uniswap cannot be halved as it works on the Ethereum blockchain and it can only be mined.
The price of UNI might propel to a maximum of $9.1790 by the end of 2022.
The price of the altcoin could surge to its potential high of $46.4702 by the end of 2025.
Yes, Uniswap is a safe buy, the network presently hosts 322,019 active addresses.
Uniswap is available for trade across prominent cryptocurrency exchange platforms such as Binance, OKX, and BingX amongst others.