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In this article, we are going to make Uniswap coin price predictions for the next five years. Uniswap coin (UNI) is one of the most talked-about cryptocurrencies of 2021. You have probably noticed how swiftly this cryptocurrency rises, especially if you keep an eye on the charts. Therefore, it is not surprising that the Uniswap coin is currently sitting just outside the top ten with nearly $10.1 billion market capitalization.
It is important to note that the Uniswap coin has grown in popularity mainly because of the uniqueness of its primary exchange platform, the Uniswap. Uniswap leverages liquidity pools rather than operating as a market maker to build more efficient markets. In the Uniswap sector, both individuals and bots contribute liquidity to the exchange. They do this by putting a pair of tokens inside a smart contract that other users can buy and sell. The liquidity providers then receive a share of the trading fees received by Uniswap in exchange for their services. You should note that this share is specifically for the trading pair. Indeed it is the opposite of what all the other decentralized exchanges usually do.
The subsequent sections will go into the nitty-gritty and shine a light on the Uniswap coin. We aim to ensure that every reader has a solid understanding of the Uniswap coin and benefits from the price predictions that we will do at the conclusion. Additionally, we have a section with proper answers to all the frequently asked questions.
What is Uniswap Coin (UNI)?
The Uniswap coin (UNI) was founded in November 2018 by Hayden Adams. Interestingly, Hayden Adams is also an Ethereum developer. The UNI is an Ethereum based token that drives Uniswap. As we had earlier stated, Uniswap is an automated liquidity provider that aims at making exchanging Ethereum (ERC-20) tokens as simple as possible. In other words, Uniswap improves efficiency by using adaptive ways to solve liquidity difficulties. It is important to note that significant liquidity problems plagued the early decentralized exchanges, which necessitated the creation of Uniswap.
In the very first place, Hayden designed the UNI coin to enshrine Uniswap as a publicly-owned and self-sustaining infrastructure formally. Later, the Uniswap protocol made several upgrades to protect Uniswap’s indestructible and autonomous properties. For instance, if the owners of the Uniswap coins vote on a protocol change, the development team will recode and apply it. It’s different from the other decentralized exchanges where the founders have the final say on issues and changes in their platforms.
Interestingly, on Uniswap, there is no order book or central facilitator. Order books match bids and offer on a centralized exchange like Coinbase. Uniswap made this possible by inventing the Automated Market Maker (AMM) approach. In this approach, users feed Ethereum tokens to the Uniswap liquidity pools, and then algorithms set the market prices.
In short, Uniswap seeks to keep token trading automated and open to anyone who owns tokens while also enhancing trading efficiency over traditional exchanges. Uniswap does this by allowing peer-to-peer trading in which users can earn incentives by supplying tokens to Uniswap liquidity pools. Most importantly, everyone on the Uniswap network can contribute tokens to liquidity pools. They can also trade the UNI coins or even develop and market their economy.
Uniswap Coin Value And Price History
The Uniswap coin has a market cap of about $13,518,099,625 and a fully diluted market cap of about $21,536,052,460. It was trading at $21.54 as of 18th November 2021. The Uniswap coin also has a circulating supply of 627,823,666 coins and a maximum supply of 1,000,000,000 coins. You should note that all the Uniswap coins will be made available over the next four years, after which Uniswap will implement a 2% “perpetual inflation rate” to keep network participation up. It is important to note that the value of the Uniswap coin is pegged on Uniswap.
With the automated market-making process, the Uniswap protocol incentives activity by limiting risk and lowering costs for all parties. Additionally, users no longer need to prove their identity, and technically anyone can create a liquidity pool for any pair of tokens. Each trade on the platform removes a given number of tokens from the pool in exchange for a certain number of the other token, consequently adjusting the price. It is important to note that there are no fees associated with listing tokens. This feature allows a massive number of Ethereum tokens ready for trading without users registering.
Interestingly, there was no ICO for the Uniswap coin. Instead, any Ethereum address that had interacted with Uniswap before September 1, 2020, received the option to claim 400 Uniswap tokens, which were worth around $1,400 at the time. This unique approach increased the possibility of profit and improved users’ ability to control their portfolios. In addition, the Uniswap coin has grown in popularity this year as due to the decentralized finance phenomenon and the resulting increase in token trading. In conclusion, Uniswap aims to overcome the liquidity problems experienced by platforms like EtherDelta.
Uniswap Coin Price History From 2020 to Now
First and foremost, let us look at Uniswap coin’s history before making its price prediction.
17th September – 31st December 2020
Open price: $3.00 Close price: $5.17
The Uniswap coin price started at a high note in 2020 and was trading above the $1 hurdle.
Later on, the Uniswap coin price shot up to trade at $5.53 on 25th September. That was the highest price recorded that year. It is also an excellent example of how cryptocurrency prices are volatile.
However, shortly after, the Uniswap coin trading price decreased slightly to $3.67 on 5th October, 2020. On 7th October 2020, the Uniswap coin recorded its lowest price at $2.46.
The value of the Uniswap coin continued to deteriorate on 18th October. It traded at a dismal figure of $3.00.
In October 2020, Uniswap became the leading decentralized cryptocurrency exchange. And it was the fourth-largest cryptocurrency exchange overall by daily trading volume. In addition, Uniswap’s average daily trading volume was $220 million in the whole of October.
On 15th November 2020, the price was at an outstanding figure of $4.24. Later, on 20th December 2020, it closed the day at $3.77.
1st January – 18th November 2021
Open price: $5.1546 Close price: $20.0727
In 2021, the price of the Uniswap coin started at a promising figure compared to the previous year.
It closed the day on February 20th, trading at a reasonable price of $29.14.
At this juncture, it is essential to note that in March 2021, Uniswap was generating fees of around $2-$3 million per day. This amount was from the liquidity providers supporting the liquid markets.
On 13th April, the Uniswap coin price improved slowly to trade at $35.32 by the end of the day.
Later on 3rd May, the Uniswap coin price shot up to $44.97. It is the highest price of UNI recorded so far.
On 21st July, the Uniswap coin again proved that cryptocurrencies have wild price swings by trading at a low price of $14.02.
Uniswap history price summary
Based on the detailed past prices of the Uniswap coin, we can learn about its history price trajectory.
The chart below is the detailed history price of the Uniswap coin from 2020-2021.
|Date||Highest Price||Lowest Price|
|17th September-31st December 2020||$8.60||$1.76|
|1st January-18th November 2021||$45.0464||$4.3469|
Uniswap Price Prediction From Now to 2030
As a young cryptocurrency, Uniswap has much uncertainty on price and value. But here we try to analyze and predict the price of Uniswap in the following years.
Uniswap Price Prediction in The Rest of 2021
As we apply the Fibonacci Retracement figure on the whole of 2021, we can see clearly that Uniswap price is swinging between 38.2% and 78.6% line. For the most recent 40 days, the fluctuation narrowed to 38.2% and 61.8% zone.
Since it’s near the end of 2021, the lack of fluctuation will lock the price of Uniswap between $20 to $30.
Uniswap Price Prediction 2022
In 2021, the price of UNI began from $4.7 low then surged to the all-time high of $45. Now it’s swinging around the $25 zone. Without a doubt, Uniswap will reclaim $45 in 2022, making another new high. However, the UNI 1-month correlation with BTC reflected values is only 0.5. UNI is yet to join BTC’s surge party.
As we mentioned above, the resistance is at $30 now. In 2022, when Uniswap strikes through the resistance point, it will shuffle a high of $58.99 and a low of $27.67.
Uniswap Price Prediction 2023-2025
The max supply of UNI is 1 billion now. Unlike Bitcoin, 2% annual perpetual inflation for Uniswap will start in 2023. As a result, the scarcity of UNI won’t be like BTC in the future. The price fluctuation will be mild compared to other cryptocurrencies with limited supply. Throughout the year 2023 to 2025, UNI will shuffle between $47 to $78.
Uniswap Price Prediction 2026-2030
The long-term forecast to 2030 is quite hard to make, for that the whole crypto market is highly volatile. With mild inflation, UNI will unlikely surge as high as BTC. We estimate it can climb $75 by the end of 2026 and cross $100 in 2030.
Summary of Uniswap Price Prediction
|Date of Year||Potential High||Potential Low|
|Rest of 2021||30||20|
What Do Investment Agencies Say?
The Wallet investors predict that the Uniswap coin is a good investment option with a long-term earning potential of +147.02% in one year. They also expect that the price of the Uniswap coin will shoot up to $58.948 in one year.
Long Forecast Investors
The Trading Beasts predict that the Uniswap coin will be trading at $22.456 by the end of this year. However, by March 2022, the price will have dropped slightly to trade at $21.419.
The prediction by these investors is that the price will be at $43.04 in 2022 and $108.61 in 2028.
FAQ of Trading Uniswap
Where to Buy the Uniswap Coin
There are many options from where you can buy Uniswap coins. They are available on practically every major exchange. However, you should know that it is safer to purchase Uniswap coins through a reputable global exchange such as Binance, Kraken, or Kucoin.
How to Buy the Uniswap Coin
You can purchase Uniswap coins in a few easy steps. Firstly, complete the sign-in process in an exchange platform of your choice. Secondly, get your account verified with legal documents. Thirdly, deposit some fiat currency. Last but not least, buy the Uniswap coins with your fiat currency pair.
Should I Invest in UNI
Yes. Investing in Uniswap coins is a good decision. Remember that it has a commanding lead over the competition, with an impressive 63.8 percent of the decentralized exchange market share this writing. However, you should tread carefully since cryptocurrency prices are very volatile.
The price analysis above shows that UNI will stay upward with mild fluctuation compared to other crypto coins with larger market capitalization. In the same vein, if you are a long-term investor, you may also read the price prediction about Cardano.