TrendsWide
Contact US
  • Home
  • Trending
  • Health
  • Life Style
  • NBA
  • Reviews
No Result
View All Result
TrendsWide
  • Home
  • Trending
  • Health
  • Life Style
  • NBA
  • Reviews
No Result
View All Result
TrendsWide
No Result
View All Result
Home Economie

Uniswap Price Analysis: is it worth investing in UNI after Uniswap V3?

by souhaib
June 23, 2021
in Economie
0
Uniswap Price Analysis: is it worth investing in UNI after Uniswap V3?
74
SHARES
1.2k
VIEWS
Share on FacebookShare on TwitterShare on Reddit
ADVERTISEMENT


You might also like

‘momentum is continuing into 2022’

Astra Space stock closed down 20% on Monday: here’s why

Ripple, Dogecoin, Litecoin price forecast for February 2022

Uniswap UNI/USD has seen a lot of updates as of recently and this bodes well for the longer-term outlook. While the coin is trading higher on Wednesday, it is still down more than 50% from its early May highs. 

Does the dip from more than $40 to its current levels just shy of $20 represent a buying opportunity? We certainly think so and here is why.

Uniswap recent updates


Are you looking for fast-news, hot-tips and market analysis?

Sign-up for the Invezz newsletter, today.

On June 17, the Gelato Network launched the G-UNI Uniswap V3 management token. Its main aim is to perpetually maintain a liquidity range between 5% and 10% with the currency price of an asset pair, where an oracle network checks the prices and rebalances the liquidity pool positions every 30 minutes. 

It also automatically re-invests trading fees for compounding returns. This boosted interest in Uniswap a bit.

Uniswap Labs, as of June 22, has its first Chief Operating Officer Mary-Catherine Lader. This is the result of the token’s drop of value throughout the previous few weeks, as the entirety of the cryptocurrency market took a hit. 

On June 23, the UNI Grants Program also announced the final wave of UGP v0.1 where they are rewarding $336,800 to 14 projects advancing the Uniswap ecosystem through robust dev tools and infra. 

These projects, when successful and launched, will improve the ecosystem and in turn, increase interest in the Uniswap platform and cryptocurrency UNI which will lead to an increased value. 

Should you buy Uniswap now?

On June 23, Uniswap’s token UNI was worth $17.76. This being the case, it having a bullish run, and we can assume that it might get to the $20 mark with ease in the near-term. This isn’t an unreasonable target as it still implies a price that is more than half of what it traded at just a few weeks ago in May.

Furthermore, with the advancements of Uniswap V3, grants on projects that are improving the ecosystem further, as well as their new Chief Operating Officer at the lead, we could potentially see Uniswap raise its value to even $30 by the end of 2021, giving new buyers a unique opportunity to accumulate a position. Existing holders that bought at higher levels can also take advantage of the weakness and add to their positions to lower their average cost basis.

Uniswap Price Analysis: is it worth investing in UNI after Uniswap V3?

This being the case, it also has the potential of dropping back down in value after the hype dies down a bit, back to under $15, and if that happens, then it might be a sign to exit a position.

However, we aren’t anticipating a selloff to the $15 level so UNI is a good buy at $17, especially for long-term investors. 

Bottom line, not all of the 14 projects backed on UGP v0.1 might prove to be efficient, but even if one of them does, the value will go up. As such, buying UNI is a worthwhile investment opportunity to take if you have a genuine belief in the Uniswap ecosystem. 

Where to buy right now

To invest simply and easily, users need a low-fee broker with a track record of reliability. The following brokers are highly rated, recognised worldwide, and safe to use:

  1. Etoro, trusted by over 13m users worldwide. Register here >
  2. Plus500, simple, easy to use and regulated. Register here >



Source link

Share30Tweet19Share

souhaib

Recommended For You

‘momentum is continuing into 2022’

by souhaib
February 7, 2022
0
‘momentum is continuing into 2022’

Shares of Chegg Inc (NYSE: CHGG) are up 10% in extended trading on Monday after the student services company said it performed better-than-expected in Q4, despite COVID-19 uncertainty....

Read more

Astra Space stock closed down 20% on Monday: here’s why

by souhaib
February 7, 2022
0
Astra Space stock closed down 20% on Monday: here’s why

Read more

Ripple, Dogecoin, Litecoin price forecast for February 2022

by souhaib
February 7, 2022
0
Ripple, Dogecoin, Litecoin price forecast for February 2022

The cryptocurrency market is advancing this Monday, and this situation also supports the price of Ripple XRP/USD, Dogecoin DOGE/USD, and Litecoin LTC/USD. Bitcoin is trading above the $44,000...

Read more

Analyst: ‘Apple would be forced into it if Amazon goes after Peloton’

by souhaib
February 7, 2022
0
Analyst: ‘Apple would be forced into it if Amazon goes after Peloton’

Read more

Should I buy Uber shares in February 2022?

by souhaib
February 7, 2022
0
Should I buy Uber shares in February 2022?

Uber Technologies, Inc. (NYSE: UBER) will announce fourth-quarter earnings results this Wednesday, February 09, after the market closes. Uber shares have weakened more than 10% since the beginning...

Read more
No Result
View All Result

Recent Posts

  • Boosting Your Travel Insurance
  • 8 Common AI Tools for Implementing Test Automation
  • Lamar Odom looks unscathed as he is seen for the first time after crashing his Mercedes into two parked cars
  • DeSantis’s Relentless Retaliation Efforts To Destroy Disney Cuts Road Maintenance, Ends Minority Programs And Floats Building A State Prison Near Theme Parks
  • NIO’s Stock Is Falling. It’s the Latest EV Maker to Offer Convertible Bonds.

Browse by Category

  • Australia
  • Automotive
  • Business
  • Celebrity
  • Cryptocurrency
  • Deals
  • Economie
  • Education
  • Entertainment
  • Euro
  • Forex
  • Gaming
  • Health
  • Life Style
  • NBA
  • News
  • Politics
  • Reviews
  • Sports
  • Switzerland
  • Trending
  • U.S.
  • Uncategorized

Categories

  • Australia
  • Automotive
  • Business
  • Celebrity
  • Cryptocurrency
  • Deals
  • Economie
  • Education
  • Entertainment
  • Euro
  • Forex
  • Gaming
  • Health
  • Life Style
  • NBA
  • News
  • Politics
  • Reviews
  • Sports
  • Switzerland
  • Trending
  • U.S.
  • Uncategorized

Pages

  • Contact US
  • Newsletter
  • Privacy Policy
  • Terms & Conditions

© 2021 - TrendsWide

No Result
View All Result
  • Home
  • Contact US
  • Privacy Policy
  • Trending
  • U.S.
  • Economie
  • Deals
  • Reviews
  • Cryptocurrency
  • Health
  • Life Style
  • NBA

© 2021 - TrendsWide