Before the emergence of the Ethereumblockchain, cryptocurrency trading was done on centralized exchanges like Kraken, Bitfinex, Poloniex, and Gemini, where limit orders and order book-based trading was implemented, with high trade volumes and increasing liquidity. Order book-based trading is a form of trading where buy and sell orders are placed in a list alongside the total amount in each order, showing market depth. Market depth is the amount of buy and sell orders for a digital asset placed in the order book. Trades were executed by placing a buy or sell order matched with a sell or buy order on the opposite side of the order book of any digital asset.
WHAT IS UNISWAP?
Uniswap is an open-source, decentralized exchange built on the Ethereum blockchain. Uniswap is an automated liquidity protocol where there is no order book or any centralized party required to make trades, allowing users to trade without intermediaries and with a high degree of decentralization and censorship-resistance. Created by Hayden Adams on November 2nd, 2018, to implement a protocol first described by Ethereum co-founder Vitalik Buterin, Uniswap has replaced the traditional architecture of digital asset exchanges with a design called Constant Product Market Maker, a variant of an Automated Market Maker (AMM). Hayden tweeted the Uniswap news,
“Excited to announce the launch of @UniswapExchange! It’s a protocol for automated exchange of ERC20 tokens on Ethereum.”
Automated market makers are smart contracts that hold liquidity reserves (or liquidity pools, as the name implies) which traders can trade against. Liquidity providers fund these reserves or pools. Uniswap allows its users to have full control of their funds at all times as opposed to a centralized exchange by giving users control of their private keys, also giving room for quick trades. According to Defipulse, Uniswap is currently the fifth-largest decentralized finance (DeFi) platform with over $3.7 Billion worth of crypto assets locked away on its protocol. The fast growth and expansion of the DeFi market have catalyzed Uniswap’s exponential growth, surpassing Coinbase’s daily trading volume on August 30th, 2020. Hayden Adams, the founder of Uniswap, tweeted this Uniswap news,
“Wow, Uniswap 24hr trading volume is higher than Coinbase for the first time. Uniswap: $426M Bank Coinbase: $348M. Hard to express with how crazy this is.”
On September 16th, 2020, Uniswap news of UNI’s airdrop (Uniswap’s governance tokens then worth about $1,200) to all its users who interacted with the Decentralized exchange by either swapping tokens or providing liquidity was released. UNI allows its holders to participate in governance decisions like future upgrades via voting. UNI was distributed to about 50,000 active Ethereum addresses, making this airdrop one of the most widely distributed tokens in the cryptocurrency space. September was a month to remember Uniswap users as Uniswap’s monthly volume of $15.4 Billion surpassed Coinbase’s monthly volume of $13.6 Billion. This happened just a month after Uniswap surpassed Coinbase in daily trading volume.
Upon releasing this Uniswap news, Ethhub founder, Anthony Sassano, explained how this growth in Uniswap volume proves that Ethereum is continuously impacting crypto and blockchain. Sassano said,
“They told you that decentralized exchanges on Ethereum were a fad – they were [so] incredibly wrong. DEXs did $23.5 billion worth of volume in September alone! Betting against Ethereum has and always will be a bad move.”
PRICE HISTORY OF UNISWAP
First priced at about $3.6 per UNI, Uniswap value has been on the rise since its initial airdrop, with the initial airdrop worth about $1,200, now worth over $8,300 a Uniswap price of $20.8, an increase of about 500%.
As many centralized and decentralized exchanges rushed to list UNI, Uniswap price quickly began a downtrend in September with airdrop sellers controlling the market, with UNI price hitting an All-Time Low of $1.79 November 5th, 2020. Within this period, DeFi lost some of its momenta as most DeFi coins and tokens hit new lows while the yield farming craze calmed down.
With DeFi gaining popularity with a new wave of users in November, Uniswap price, just like other DeFi coins/ tokens, broke out of its downtrend a few days after hitting it All Time Low, entering an accumulation phase while Bitcoin surged higher. Uniswap prices ranged between $3 and $4 for the remainder of the year.
On December 31st, 2020, UNI price broke out of its accumulation phase, entering an uptrend and moving a massive 1,188% from an all-time low of $1.79 to an All-Time High of $22.7 on February 10th, 2021.
Now sitting at a UNI price of $20.8, Uniswap is the fifteenth most valuable cryptocurrency with a market cap of $6.1Billion and a market cap dominance of 0.44%.
UNISWAP PRICE PREDICTION
A $1,000 investment in Uniswap during the accumulation phase between November to December 2020 with an average buy UNI price of $4 would yield a return of investment (ROI) of about 415% ($4,150 with Uniswap’s current price at $20.8 at the time of writing) or about 460% ($4,600) at All-Time High of $22.7. Different Chartists, technical analysts, and top cryptocurrency influencers have used Uniswap price data to make their Uniswap Price predictions for 2021.
Wallet Investor Uniswap Price Prediction for 2021
Wallet Investor is a recognized investment firm that provides cryptocurrency, stocks, forex, commodity, and real estate statistics and price predictions using a unique Machine Learning and Artificial Intelligence (AI) algorithm. Wallet Investor released its AI’s Uniswap price prediction with a target of $48 in 2021(an ROI of about 140% from Uniswap’s current price) and a further parabolic rise to $169 in 2025, an ROI of about 800%. This Uniswap prediction is very bullish for Uniswap price, following the rise in adoption of DeFi and an increasing volume of Uniswap users.
DigitalCoin Uniswap Price Prediction for 2021
DigitalCoin is a crypto firm that provides live price feed for digital assets while also using this data to predict future price action of digital assets. DigitalCoin predicts Uniswap price to surge higher to a peak of $33 in 2021 and a further parabolic high of $69 in 2025, a 235% move from Uniswap’s current price $20.8.
Economy Forecast Agency Uniswap Price Prediction for 2021
The Economy Forecast Agency is an independent agency specialized in long-range financial market forecasts, using reliable models for long-term forecasting crude oil prices, digital assets, interbank interest rates, stock indices, precious metals prices, and other macroeconomic indicators. The Economy Forecast Agency predicts Uniswap price to hit a high of $32.04 in 2021 while remaining bullish through the entire year.
City Telegraph Uniswap Price Prediction for 2021
City Telegraph, a fintech and business-focused media/ news company, has made its Uniswap price prediction with a 2021 target of $33.591 and a further 2026 target of $100.134(about 400% from Uniswap’s current price) as City Telegraph expects a positive trend for Uniswap price in the coming years.
Crypto News Uniswap Price Prediction for 2021
Crypto News, a pioneer news media network covering events and happenings in the crypto space and the growing blockchain industry, has made its Uniswap price prediction for 2021 with a minimum target of $80 Uniswap price as more adoption of DeFi and blockchain technology takes place. This Uniswap prediction would give an ROI of over 200% from Uniswap’s current price.
REASONS FOR DIFFERENT UNISWAP PRICE PREDICTIONS
Several reasons have resulted in the different Uniswap price predictions.
- Global recognition and adoption of DeFi: The Federal Reserve Bank of St. Louis, on February 8th, 2021, released a result of its research into DeFi and how it may lead to a new paradigm shift in the financial industry, once again signaling the presence of institutions in the DeFi space. People demand the freedom of money with trust for the traditional financial system collapsing, the need for a decentralized, trustless, immutable and secure system to depend on grows. The cryptocurrency and blockchain industry could thus see increased volatility(impacting Uniswap’s value) in the coming year as more adoption by financial institutions and corporations occurs.
- COVID-19 pandemic: The breakout of Coronavirus in 2020 led to many countries and businesses’ shutdown, with a negative ripple effect on businesses and general living. With the end of the pandemic in sight, many corporations and individuals are looking for “profit yielding opportunities” such as digital assets trading, which operates 24/7 instead of the traditional markets. This remains one reason for the current parabolic move in the cryptocurrency market, which looks likely to continue.
- Unstable global economy: Andreas Steno, Chief global FX/FI strategist of Nordea, stated that more than $3 trillion was printed in 2020 alone, meaning that about 20% of all existing supply United States Dollar was created in 2020. Incumbent President of the United States, Joe Biden, recently stated his intention to release more stimulus packages before the end of Q1, meaning more dollars would be printed into circulation, reducing its value. This has encouraged investors, financial institutions, and corporate organizations to seek better value in precious metals, commodities, stocks, and other nascent technologies like Bitcoin and digital assets. Further instability in the global economy with events like printing fiat by governments could result in a ‘new age’ parabolic advance in the cryptocurrency/ digital assets market.
UNISWAP PRICE PREDICTION FOR 2025
Fundamental analysis of Uniswap’s price suggests a bullish momentum in the coming years as the adoption of decentralized finance continues, with Uniswap’s value growing massively in both price, volume, user base, and liquidity(from $24Million on June 1st, 2020 to $4.3Billion on February 11th, 2021).
Technical analysis of Uniswap’s price suggests a very bullish momentum for Uniswap’s governance token, UNI. As predicted by many analysts, a peak Uniswap USD price of $100 in 2025 is expected as Uniswap goes into price discovery, surpassing its high of $22.7. A retracement to the buy zones for Uniswap price as shown in the chart below should be expected before a new parabolic move, but in all, the momentum for Uniswap price remains bullish for the coming years.
Like many investors, institutions, and fintech companies adopt DeFi and blockchain, a parabolic rise in digital assets’ price is expected. In the short term, the Uniswap USD price could witness a few weeks to months of retracement and range from this parabolic move before finding strong support. Traders who can take leveraged longs and/or shorts on Uniswap trading pairs would make profits off a Uniswap price retracement, while long-term investors who have long-term targets hold Uniswap in their wallets. In the short term, Uniswap news of Uniswap listing on new exchanges, adoption, and new developments could send Uniswap price roaring again as the cryptocurrency market remains the most volatile market in the world.
Uniswap can be a profitable investment option for investors looking to invest in cryptocurrencies/ digital assets or traders monitoring UNI price action. At the current Uniswap USD price of $20.8, a $1,000 fiat purchase is equivalent to 48.1UNI, and based on the above prediction, a long-term increase is expected to happen, with a target price of $100. So within five years, a $1,000 investment would be worth over $4,000 with about 400%. Uniswap can be purchased and managed using Atomic wallet.
HOW TO PURCHASE UNI?
Atomic wallet who partnered with Simplex, the largest EU licensed card processing company, to enable its users’ carryout fiat-to-crypto and crypto-to-fiat transactions, is a multi-purpose universal wallet with support for over 500 coins, securely storing your digital assets and allowing other functions like staking, exchanging and managing digital assets with many trading pairs at higher exchange rates, live cryptocurrency price feeds as well as tutoring new traders and investors. Atomic wallet is a decentralized wallet which allows users to generate random 12-words seed phrase offline, with your private keys stored under your password on your device and no one having access to it. How can you buy UNI? It’s simple:
- Download Atomic wallet on your device.
- Secure your wallet by storing your seed phrase and private keys.
- Fund your bank account with sufficient funds.
- Input the amount of fiat to be spent on purchasing Uniswap.
- Verify your identity(done only once) and complete your purchase by clicking ‘buy now.’ In less than 24hours, your crypto/ digital asset would be in your wallet. This is the fastest legal way in the world to buy crypto with a credit card.
HOW TO EXCHANGE UNI?
You can easily exchange multiple digital assets/ cryptocurrencies to UNI and exchange UNI to other cryptocurrencies using Atomic wallet’s multi-purpose feature. Follow these steps:
- Login to your already secured Atomic wallet.
- Click ‘exchange’ on the wallet home page, as shown below.
- Please select your desired cryptocurrency and exchange it with UNI. You can also view your transaction history by simply clicking ‘order history.’
Uniswap is one of the most successful Cryptocurrency/ blockchain projects. Investing in any cryptocurrency/ digital asset is risky. Investments and trading is no joke as it can result in massive losses if the risk is not managed correctly. The above charts, comments, trading ideas, and information should not be taken as investment advice as all Uniswap predictions are based on speculation and cannot be taken as absolute. The information provided should not in any way be taken as an inducement to buy or sell or invest in cryptocurrencies/ digital assets. Every decision made as a result of the information/ Uniswap predictions provided here is solely your responsibility.
Visit Uniswap’s Official Website to learn more about Uniswap.
Join the Uniswap community and get involved in the project.
Uniswap Block Explorer
Track your UNI token transactions via the etherscan Block Explorer.
Follow @uniswap on Twitter to keep up with the latest updates and news.