Uniswap’s price has experienced some turbulence recently, although UNI has managed to come out of it relatively unscathed. The team of the famous exchange keeps rolling out the updates, which makes a lot of people excited for the Uniswap coin’s future. We gathered some Uniswap price predictions to aid people like that.
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Uniswap Fundamental Analysis
Uniswap (UNI) is an ERC-20 token issued in September 2020 by Uniswap — creators of the eponymous DeFi trading protocol and the exchange. The project itself was launched in 2018.
At Uniswap’s core is an Automated Market Maker (AMM), which is a technology that replaces the order book. Traditional exchanges would use such books to match orders so that there was enough liquidity; in contrast, AMMs fulfill orders from liquidity pools — as the name suggests, automatically, which reduces delays and slippage. Liquidity pools are generated by the people who deposit their money — or tokens, in the case of crypto — to the pool and earn interest on their deposit. They are called liquidity providers. On the other side of this equation are traders, who generally can execute their trades very quickly, thanks to AMMs. Their exchange fees form the basis for the liquidity providers’ rewards.
This system has worked quite well for Uniswap, which is one of the most known and trusted providers of such services. Both its success and the general vision for Uniswap as a decentralized, publicly owned entity prompted the project’s team to launch UNI — the governance token initially distributed to Uniswap’s early users. The token enables such users to vote on the changes to the protocol.
Uniswap Live Price Chart
In the first days after its launch in September 2020, Uniswap’s token price has jumped up, reaching above the $6.7 mark. This surge was short-lived, and by October UNI’s price was mostly bouncing between $2.5 and $3.5. This went on until the next year, when, right at the beginning of January, UNI easily reached the $9 mark. The crypto market euphoria continued well into the spring, which meant good news for Uniswap. In early May its price peaked at $44.97, probably spurred not only by the general market sentiment but also by the exciting developments in Uniswap protocol itself, which went through a major upgrade the same month. Since then, UNI token price has generally been in decline, although it somewhat recovered from its latest low of $14.05. In late July the Uniswap token’s price seemed to start trending up again, but it hasn’t been climbing long enough for any definitive prognoses yet.