Uniswap (UNI) has been gradually increasing in price over the last few months and today has pumped over 13%.
Being the leading decentralized exchange with $927 million 24-hour volume, Uniswap (UNI) could potentially be undervalued at current prices.
Will Uniswap reach $10? Uniswap is available for trading on OKX.
Uniswap (UNI) Price Prediction 2022
It seems accumulating Uniswap in June would have been a fantastic decision for most buyers in the crypto markets.
Following the deleteriously bearish move when Bitcoin crossed the 200-week moving average in June, Uniswap (UNI) has already recovered by over 90%.
Uniswap (UNI) is still one of the most reputable and promising decentralized exchanges and is doing very well to be holding rank #17 on Coinmarketcap with a market capital of $4.96 billion.
The Uniswap (UNI) prices in June 2022 were very similar to the bear market prices of November 2020 before Uniswap (UNI) them rocketed in price by over 2,000% to an all-time high of $44.95.
UNI/USD – Weekly Time Frame.
As we can see from the charts above, Uniswap (UNI) has been hit hard by the crypto winter, decreasing in value from all time high by over 92%.
The current market capital of Uniswap (UNI) sits just below $5 billion dollars at present. The market capital all time high for Uniswap (UNI) was $22.57 billion back in May 2021.
Because there is more circulating supply now, we could see the market capital of Uniswap (UNI) exceed the previous all time high market capital but still have a lower trading price.
My prediction is that by the next crypto bull run we might see a $40-50 billion dollar market capital Uniswap (UNI) with a trading price around $40-50 depending on the circulating supply at the time.
As you can see from the above price chart, Uniswap (UNI) is still in a macro-downtrend and is yet to form any reassuring higher highs.
Social analytics also suggest that Uniswap (UNI) is currently trending across Twitter and most likely various other platforms.
Current price levels could be described as undervalued and I would expect the price of UNI to chop between $4 and $9.50 for the remainder of the crypto winter.
Uniswap (UNI) Video Analysis
Uniswap is a fantastic decentralized exchange and we should use the price as a barometer of its performance or success.
I speculate that Uniswap will ferociously pump in price over the next few years, especially in the next crypto bull run.
Seeing a $50-100 Uniswap (UNI) by 2025 and beyond is most likely a pragmatic target.
As more DeFi tokens and apps launch on the Uniswap Protocol we will see higher liquidity, overall trading volume and as a reflection of the ecosystem growing a potential increase in price.
Interested buyers can head over to the OKX exchange which will also automatically enroll you to the chance of winning $10,000 when signing up.