UNI is a token of the platform Uniswap. Its current price is around $5.08 by the time of writing, with a low of $3.37, and has a market cap of 3.6 billion dollars. Uniswap Labs said they had acquired the NFT marketplace aggregator Genie Tuesday to improve their support of non-fungible tokens.
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What is Uniswap?
Uniswap is one of the many decentralized exchanges that enable peer-to-peer trading. Unlike most other exchanges, you can trade your cryptocurrencies with Uniswap without being involved with a centralized third party. Users can easily build new Defi apps on the largest cryptocurrency project on Ethereum with Uniswap Build and get paid to build the future of finance.
What is UNI?
UNI is the token of the Uniswap platform, which is around $5.08 by the time of writing, with a low of $3.37. It reached a high of $31.39, and its current ranking is #20 according to CoinMarketCap, with a market cap of 3.6 billion dollars. UNI is an Ethereum token that powers UNISWAP, an automated liquidity provider that makes exchanging Ethereum (ERC-20) tokens easy.
UNI Coin Market Analysis
UNI has a max supply of 1,000,000,000 coins worth around $5.08 with a market volume of 297 million dollars, whereas the market capitalization is 3.6 billion dollars at writing.
UNI Price Prediction
On the 4H timeframe, the price action of $UNI/USDT has broken the double bottom neckline and bounced nicely upward. Currently, the price action is working above the horizontal support zone and going upward to break its resistance.
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Closing Thoughts
Discipline and Patience are the most important components of a successful trade. According to the above analysis, the coins we just discussed about might make you decent gains if other market conditions prevail favorably. Again, it’s your hard-earned money that you’ll be using. Do Your Own Research before investing.
Disclaimer: Our analysis is for educational purposes.
