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This year has been a tough sail for Uniswap since May 2022, when the Terra/Luna implosion caused a cascade of bankruptcies, layoffs, and liquidations. Subsequently, the chain of unfortunate market and geopolitical events like the Russian invasion of Ukraine, U.S. inflation, and 3AC and Celsius insolvency, has also contributed to the downward pressure on the price of UNI.
With the recent massive downfall of the crypto market caused by FTX contagion, is it possible for Uniswap to reclaim its all-time high in 2023? Continue with the article to learn about Uniswap price analysis and prediction by Coinpaper.
Read also: Did Bitcoin Bottom Already?
What is Uniswap?
Uniswap is a decentralized exchange (DEX) built on Ethereum blockchain that allows users to swap and trade more than 700 cryptocurrencies. It is designed to be a decentralized, permissionless, and trustless protocol where anyone can buy or sell digital assets without needing to rely on a centralized intermediary. Uniswap also allows users to track their trades, view the market’s order book, and access advanced trading features.
Uniswap (UNI) price
Currently, Uniswap Price is USD. UNI has a circulating supply of coins and a total supply of . If you are looking to buy or sell Uniswap, Uniswap is currently the most active exchange.
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Uniswap price prediction 2023
The current market sentiment is full of fear, uncertainty, and doubt (commonly known by the acronym FUD), as fears of FTX contagion mount. At the moment, it’s difficult to assess exactly how much damage has FTX collapse has done to the crypto industry, since some affected crypto companies may be already secretly insolvent due to highly leveraged positions, as we have seen in the aftermath of Terra's implosion.
According to our estimates, it will take months for the full scale of FTX bankruptcy to become clear, so the turning point for the crypto market won’t come before late Q1 to early Q2 2023, although for now, it seems that the industry has absorbed most of the damage.
Another market factor that should be taken into consideration is how successful will be the U.S. Federal Reserve’s efforts to curb inflation. For now, there is reason to believe that Fed is making some progress in its attempts to cool the overheating economy — on November 30, Federal Reserve Chair Jerome Powell announced it’s time to slow the pace of coming rate hikes, which immediately triggered a positive reaction from both crypto and equity markets.
Given the above information, one can easily guess that there will be a considerable divergence between bullish and bearish Uniswap 2023 price predictions due to multiple unknown factors. For this reason, we estimate that the bullish scenario will see Uniswap price at $9.02 to $10.1. On the flip side, a fading interest in the new meme coin may push the price of Uniswap to $5.2-$4.8 lows.
Uniswap price prediction 2024
In 2024, the global macroeconomic backdrop is likely to be more favorable to the crypto market, adding value to Uniswap (UNI) and other cryptos. However, the possibility of black swan events similar to the collapse of FTX cannot be completely ignored.
Keeping this in mind, we foresee the price of Uniswap to climb as high as $12.6, with the more distant prospect of reaching $14.8 in 2024. The bearish scenario is likely to see Uniswap (UNI) trading between $7.05 and $6.9 in 2024.
Uniswap price prediction 2025
Since it’s practically impossible to foresee what market factors will influence cryptocurrency prices in 2025, this part of our Uniswap (UNI) price analysis and prediction is based on pure speculation and observation of Uniswap historical price movements.
Our Uniswap 2025 price forecast expects UNI to rally towards $21.2 and reach $26.5 by the end of the year. The bearish scenario would see Uniswap at $13.7 to $11.05.
Uniswap (UNI) price prediction 2026
Looking ahead four years, to 2026, Coinpaper's price prediction for Uniswap is neutral. In 2026, we expect Uniswap to reach at least $36.8 before climbing higher to $41.1. In case of a bearish scenario, Uniswap may fall to $19.8.
Is Uniswap (UNI) a good investment?
Due to the volatile nature of the crypto market, investing in any cryptocurrency carries a high degree of risk, so it’s important to do your own due diligence before buying any token. Still, UNI can be a good investment since Uniswap is one of the most credible decentralized exchanges with a potential to grow. In general, UNI may be a great addition to your cryptocurrency portfolio if you believe in the future of DeFi.
Bottom line
Are you ready to invest in Uniswap? Very few if any analysts forecast its value going down to zero, although you can’t be sure these days, so make sure you always do your own research before making investment decisions. And keep in mind that cryptocurrency prices can be extremely volatile, so trading crypto always involves a high degree of risk.
You can buy UNI from many crypto exchanges, including Uniswap
Disclaimer: Coinpaper does not recommend that any cryptocurrency should be bought, sold, or held by you. Always conduct your own research and consult your financial advisor before investing in any digital asset.
FAQs
Who created Uniswap?
Uniswap was founded by Hayden Adams, a computer engineer from New York.
What was the all-time high for Uniswap (UNI) ?
The all-time high price of Uniswap is $ on 2021-05-03
