STOCKS TELEGRAPH

Tag: Uniswap

  • Uniswap comes on top in terms of Liquidity

    The well-known decentralized exchange(DEX) Uniswap (UNI) has more liquidity as compared to a  few significant cryptos exchanging matches than even the biggest centralized platforms like Binance and Coinbase, as per another review, co-created by a scientist at Uniswap.

    On the well-known exchanging pair of Ethereum (ETH) against US dollars (USD), Uniswap had twice more liquidity than both Binance and Coinbase, the review said. For Ethereum against Bitcoin (BTC), Uniswap’s liquidity was multiple times further than Binance and a great 4.5 times further than Coinbase.

    The Protocol’s more noteworthy market profundity exhibits that crypto-local [automatic market maker- AMM] market construction can outperform request book trades and change the conventional monetary market design to be more fluid, stable, and secure.

    The exploration was directed by Dan Robinson, head of the examination at crypto venture company Paradigm, as well as Gordon Liao who is a scientist at Uniswap.

    In the report, the two specialists composed that they have likewise found numerous stablecoin matches – including USD coin (USDC) and tie (USDT) – to have further liquidity on Uniswap than on its brought together rivals. For USDC/USDT, Uniswap v3 has about ~5.5x more liquidity than Binance.

    Contrasted with the most famous Ether exchanging matches on the incorporated trades, the most recent adaptation of Uniswap sent off about a year prior permits dealers to execute huge size exchanges at a cost range they favor all the more effectively, new exploration by Uniswap Labs, the primary engineer of the trade found.

    The report added that market profundity is additionally higher across all cost levels on Uniswap than on the major concentrated trades, expressing that this makes it considerably more invaluable for clients to execute bigger exchanges on Uniswap v3 comparative with brought together trades.

    Uniswap is by all accounts gaining ground, not in recuperating costs, but rather in tumbling to the most reduced possible levels this month. Thus, financial backers who have been holding out trust are gradually understanding that they could need to lose their good faith soon.

    Uniswap v3 is the biggest decentralized trade by exchanging volume, with more than $1.7 billion worth of resources changing hands in 24 hours, as indicated by information from Coingecko. In any case, Binance is the biggest concentrated crypto trade with $22.2 billion in exchanging volume over a similar period. Coinbase, in the meantime, logged $3.1 billion.

  • Uniswap (UNI) – On its way to $20?

    The native token of Uniswap DEX is UNI

    At the time of writing, UNI is being traded at the rate of $16.84 with an increase of almost 12% within the last 24 hours.

    The low within this tenure was around $15.03 and the high was approximately $17.09. The coin as being in the watchlist of many traders makes it rank all the way up to number 19th according to the latest data released by coin market cap.

    UNI during the month of May approached a near All-time High around the price of $45. The trading volume today on the other hand has increased by almost 200%.s

    The top exchanges for trading UNI are currently Binance, OKEx, FTX

    Technical Analysis –  Uniswap (UNI)

    UNI has been of the slow coins to move. On the chart, we can see that the price UNISWAP had been creating a higher high and higher low. But it can be seen that the structures didn’t have many differences in terms of values. It looked like as it was in a consolidation phase on a major time frame.

    The chart shows that the price of Uniswap (UNI) started to lose momentum and slowly started to fall. It soon broke the previous structure. This break of the structure was pivotal to show the direction of the movement.

    UNI - 1D

    The price of UNI fell down by printing two massive red candles. The second one had a huge wick which grabbed the liquidity below present below.  The price did have a reversal but it wasn’t strong enough to create a reversal in the pattern.

    Now an important point of interest is the presence in the order block. We can expect the price to show a reversal from this point. This can drive the price upwards and we can touch the daily order block. If the price becomes stable above it, we can look for a higher high. If the price fails to hold the level, this would drop UNI down. Lower time frame confirmations should be taken into consideration to have a cleaner entry.

    Price Prediction – Uniswap (UNI)

    UNI has been one of the slow gainers in the market. The price is still way low as compared to the all-time high.  According to wallet investor, the price of UNI is to reach a value of $29.694 in a year. In five years, the price is expected to reach a value of $88.806.

  • Uniswap (UNI) – Where can the price move now?

    At the time of writing, UNI is being traded at the price of $22.37. The price of UNI has increased by almost 2.92% in the past 24 hours. The maximum and minimum of the day are around $22.73 and $20.57. The daily trading volume has also increased by almost 38.84% in one day. UNI is listed on coinmarketcap at 17th spot according to market capital and has a market dominance of about 0.54%.

    UNI before the crash had achieved it all-time high around the price of $2.70 in May 2021. During the crash, UNI created a bottom and dropped down to $45. As compared to other coins UNI has been one of the slow gainers but it is still comparatively closer to the bottom than the ATH. But the way it is moving. During the crash, it created a bottom of $13.

    UNI has a total supply of around 1B tokens and has a circulating supply of around 627M coins. UNI can be traded at a lot of different exchanges such as crypto.com, OKEx, Huobi with different trading pairs.

    Technical Analysis – Uniswap

    On the daily time frame, UNI has one of the cleanest charts on the daily time frame. The price was making lower highs and lower lows and ultimately shifted the structure of the price. The price was consolidating for a lot of days. During the structural shift, the price printed a green candle and by doing this left an order block. This order block has now been mitigated.

    The price broke down from the accumulation phase and touched the order block. Now there is no reason for the price to the drop down. A smaller order block has also been created by the price to move upwards.

    UNI -1D

    A possible movement for the price is to move upwards and touch the trend line resistance. From there we can expect a possible reaction from the price. If the price from there drops down we can expect it to drop down to touch the new unmitigated order block. From there possible longs can be taken by taking confluences into consideration.

    Price Prediction – Uniswap(UNI)

    Uniswap(UNI) has been one of the highly bullish coins in the market. According to wallet investors, UNI in one year is expected to reach a value of $38.89. In five years, it is expected to touch $113.606.

  • Uniswap coin price to succumb to the bears?

    Uniswap coin has been trending downwards but as the cryptocurrency market regained some bullish momentum so did Uniswap. At the time of press, Uniswap coin stands at a price level of $15.62. The price has increased by 6% in the past twenty-four hours while the daily trading volume has also been increasing. Although in the weekly timeframe, Uniswap has declined by nearly 10%.

    Uniswap Coin Technical Analysis

    The market sentiment for the cryptocurrency continues to be bearish. Out of the total twenty-six technical indicators, fourteen are standing at a position of the sell while seven indicators are standing at a neutral position with five bullish indicators. The oscillators are bullish while the moving averages are bearish.

    Uniswap Coin Technical Analysis
    Uniswap Coin Technical Analysis

    Uniswap coin has been identified to be operating in a descending channel formation. The cryptocurrency has been oscillating up and down inside the formation. Per a trader’s analysis, the cryptocurrency is expected to test the lower boundary as support, and once established, an upside pullback can be expected from Uniswap coin. On the upward move, Uniswap can reach towards the upper boundary at $14.45. Although the price target is lower than the current price, it will provide a good return from the low.

    Uniswap Coin Future Prospects

    Uniswap is one of the most popular decentralized exchange or also known as an automated market marker. The exchange provides a better alternative to centralized exchanges for those who want greater control. The future potential of the cryptocurrency is huge. A testament to the protocol’s importance is Uniswap making up more than 50% of the market cap of Grayscale’s new DeFi fund.

    According to the estimates of Wallet Investor, Uniswap coin will be trading hands at $53 in a year’s time while the five-yea price is predicted to be at $200. Digital Coin Price is also bullish on the cryptocurrency, albeit not as much. Per their estimates, Uniswap coin will end the year with a price level of $23 and reach towards $71 by 2028.

  • Uniswap (UNI) Coin – DeFi Education Fund & bearish momentum

    Uniswap (UNI) Coin – DeFi Education Fund & bearish momentum

    Uniswap (UNI) has been declining after seeing a slight bullish momentum in the market. Currently, the cryptocurrency is moving in tandem with the market – going downhill. At the time of writing, Uniswap stands at a price level of $17.16. The price has declined by 4% in the past twenty-four hours while the trading volume has dropped by 12%.

    Uniswap (UNI) technical analysis

    The market outlook for UNI coin is strongly bearish. Out of the total twenty-six technical indicators, sixteen are giving out a signal of sell with ten indicators standing at a neutral position with zero indicators at buy. Both the oscillators and moving averages are strongly bearish.

    Uniswap (UNI) technical analysis
    Uniswap (UNI) technical analysis

    Uniswap has been identified to be operating in a triangle formation. The cryptocurrency has been oscillating up and down inside the formation and the bearish momentum in the market indicates towards a break out to the downside from the formation. The lower boundary of the formation has been established as a strong support level and if the level is not sustained, the bears can gain momentum. If the bearish scenario plays out, the price target set at $9.90 will be activated followed by $6.90.

    Uniswap’s “DeFi Education Fund” dumped

    Uniswap had been tangled in controversy because of its DeFi Education Fund which is a lobby fund. The DEF was introduced by Harvard Law Blockchain – a student organization aimed at increasing the adoption and awareness of the blockchain technology. The lobby fund has received $20 million or 1 million UNI tokens to be used for the purpose and the fund is to be allocated over a period of five years. Many users were not in support of the DEF already; however, the fund liquidated $10 million right away which further worsened the situation. The organization argues that the liquidation gives them more flexibility in spending the funds.

  • Uniswap (UNI) coin price to cross 0?

    Uniswap (UNI) coin price to cross $100?

    Uniswap (UNI) has reversed its downward trajectory and began moving upwards towards the end of June. The cryptocurrency has been oscillating up and down but moving upwards largely. At the time of writing, Uniswap stands at a price level of $21.25. The price has increased by 6% in the past twenty-four hours while it has declined in the past seven days. The daily trading volume is also dropping.

    Uniswap (UNI) technical analysis

    The market sentiment for cryptocurrency is bullish. Out of the total twenty-six technical indicators, eleven are giving out an indication of buy with ten standing at a neutral position and only five indicators bearish at a sell signal. Both the oscillators and moving averages are bullish in general.

    Uniswap (UNI) technical analysis
    Uniswap (UNI) technical analysis

    Uniswap (UNI) had been operating with an ascending trend line earlier; however, the recent price movements show that the cryptocurrency may have broken off from the upward trend. At the time of writing, UNI coin appears to be oscillating between two major price levels which lie at the Fibonacci retracement levels – the support at $19 and the resistance at $21. The upcoming price action will be determined by which of these price levels will prove to be stronger. If the support fails, then subsequent supporting levels can be found at $18 followed by $16 and $14. If the resistance is broken then the next will lie at $24.

    Uniswap (UNI) coin price prediction

    The long-term price prediction for UNI crypto are bullish. According to the projections of Wallet Investor, Uniswap crypto is expected to be priced at $62 after a year’s time while the five-year projection shows a price level of $227. The price prediction of Digital Coin Price is similar although not as much bullish. Per their projections, UNI crypto will end the year at $31.5 while the price in 2028 is expected to be $96.

  • Uniswap (UNI) coin price prediction

    Uniswap (UNI) coin price prediction

    Uniswap (UNI) is on a downhill trend. At the time of writing UNI coin stands at a price level of $17. The price has slightly increased in the daily timeframe, although not so much to reverse the bearish trend. The daily trading volume is falling rapidly with a decrease of 35% in the past twenty-four hours. Uniswap is the eleventh largest cryptocurrency in the market and one of the most famous decentralized exchange.

    Uniswap (UNI) Technical Analysis

    The market sentiment for Uniswap is bearish. Out of the total twenty-six technical indicators, fourteen are giving out a signal of sell while ten stand at a neutral position with only two indications of buy. The oscillators are neutral in the twenty-four-hour timeframe while the moving averages are strongly bearish.

    Uniswap (UNI) technical analysis
    Uniswap (UNI) technical analysis

    Uniswap has broken off from an ascending channel formation as the bearish momentum overtook the market. UNI crypto had been declining quicky along a downward resistance line. The cryptocurrency is fast approaching a strong support level at $13. UNI coin is expected to stabilize in the region and if the support level holds, Uniswap will be able to reverse its trajectory. In that scenario, Uniswap’s first price target would lie at the Fibonacci retracement level of 0.382 which lies parallel to the price level of $25 followed by $32.

    Uniswap (UNI) future in 2021

    The future projections of Uniswap (UNI) are extremely bullish despite the recent downtrend in the market. Wallet Investor’s projections show the coin to reach towards $70 in one year while the five-year forecasts project a staggering price level of $274. Digital Coin Price’s projections are not as bullish but Uniswap is still expected to go up. Uniswap is predicted to be operating at $50 in 2025.

  • Uniswap (UNI) coin to test support level soon?

    Uniswap (UNI) coin to test support level soon?

    Uniswap (UNI) has declined by nearly 3% in the past week – suggesting a bearish outlook for the cryptocurrency. UNI coin went as low as $15 amidst the market crash but has recovered since although the cryptocurrency has not begun an uptrend yet. At the time of writing, Uniswap (UNI) stands at a price level of $27.16. The price has been declining in the past twenty-four hours while the daily trading volume has been increasing.

    Uniswap (UNI) Technical Analysis

    The market sentiment for Uniswap is bearish as the cryptocurrency is declining. Out of the total technical indicators, eleven are giving out a signal of sell, eight are standing at a neutral position while seven are indicating a buy signal. Both the oscillators and moving averages are bearish.

    Uniswap (UNI) had been identified to have formed a cup and handle formation. The bullish formation had yet to be confirmed by the price movements; however, Uniswap failed to confirm the formation as the price did not break above the neckline. Uniswap can also be seen to have been rejected a few times at the price level of $28 – making it a major resistance level. The cryptocurrency is also being supported by the price level of $24. Currently on a downtrend, Uniswap can be expected to test the support level.

    Uniswap’s controversial proposal

    Harvard Law School Blockchain and FinTech Initiative has made a governance proposal to set aside funds for political lobbying in favor of DeFi as the threat of regulation looms. The proposal would finance political groups that are working against DeFi regulation. The proposal had been controversial as many stakeholders think it unfair for a few lawyers and a single organization to manage lobbying funds. However, the proposal had been gaining popularity as well. ConsenSys – the Ethereum solution provider – has also expressed its support for the proposal and after securing a majority of favorable votes, the proposal is set to move forward to a full vote stage.

  • Uniswap (UNI) broke major support – Next support at $14

    Uniswap (UNI) suffered from a major pullback as Bitcoin fell below $30,000. Uniswap fell to as low as $16 in the daily timeframe while the high for the day was at $30. At the time of writing, Uniswap was trading hands at $24 apiece. The price had been falling sharply with a nearly 20% fall in the past twenty-four hours. On the other hand, the daily trading volume has gone up by 150%.

    Uniswap (UNI) Technical Analysis

    The market sentiment for Uniswap continues to be bearish. Out of the twenty-six technical indicators, thirteen are giving out a sell indication with nine standing on a neutral position and only four indicators giving out a buy signal. The oscillators are neutral while the moving averages are strongly bearish.

    Uniswap (UNI) Technical Analysis
    Uniswap (UNI) Technical Analysis

    Uniswap coin was operating in an ascending channel formation earlier; however, the bearish downtrend in the market has resulted in the cryptocurrency breaking out of the channel to the downside.  A trader had identified the price level of $24 as strong support which can lead Uniswap back towards the safe zone and, hopefully, to the channel formation. But the bears are in control of UNI crypto at the moment and Uniswap could not establish $24 as a support level. In the coming days, UNI coin will be testing other major support levels at $14 followed by $9.

    Will Uniswap (UNI) go upwards?

    Uniswap (UNI) is one of the most popular decentralized exchanges or automated market makers. The DEX garnered a lot of attention in a short time span. Uniswap recently launched the third iteration, v3, of the platform which saw trading volume parallel to 80% of the v2 in just a week. The v3 provides custom liquidity options which will increase capital efficiency on the platform. The innovation also makes market making more complex for liquidity providers while also making it more competitive; hence, decreasing the incentives for liquidity providers to shift to v3. It is yet to be seen how the newer version of the platform plays out, but it can possibly play a role in decreased liquidity on the platform.

    The young Ethereum co-founder has proposed to Uniswap to incorporate oracle functionality. Uniswap already provides oracle services but only for ERC-20 tokens. If the platform incorporates the technology, then there is a good chance of a price surge as decentralized oracles like Chainlink are in high demand.

  • Uniswap (UNI) to break all time high soon?

    Uniswap (UNI) has been on an upward trend since February 2021. Amidst various impulsive moves, Uniswap crypto had established many higher highs. The current all-time high stands at a price level of $44.97. Uniswap coin is, once again, on an impulsive move and; hence, it is expected to establish a new all-time high as it skirts close to the level. At the time of publication, Uniswap was trading hands $42.54 apiece. The price of the cryptocurrency has increased by 15% since yesterday while the daily trading volume has upped more than 30%.

    Uniswap (UNI) technical analysis

    The Uniswap (UNI) market has a strong bullish outlook. Out of the total technical indicators for the cryptocurrency, seventeen are giving out a buy signal while eight are standing at a neutral position with only one indication of sell. The oscillators and moving averages both are bullish.

    A trader has pointed out towards the formation of an ascending channel. Uniswap coin has been oscillating inside the channel formation since February. The upper and lower boundaries of the formation are acting as strong resistance and support levels, respectively. The market had taken a downturn as the Uniswap crypto began a downward move in the channel. However, the trader predicts an upward break out from the channel formation after such pullbacks towards the lower boundary. The breakout from the channel will place Uniswap at a price target of $47.

    Uniswap (UNI) price prediction

    Trading Beasts predicts the average price for Uniswap coin by the end of year to be at $40. By the end of 2024, Uniswap is expected to have a price level of $63. Wallet Investor, on the other hand, is bullish in their estimates. Wallet Investor places Uniswap at $113 by the end of 2021 and at $400 in five years’ time. Digital Coin Price projects the value of Uniswap to be $62 by the end of the year while the five-year projections predict Uniswap to be at $192.