The Uniswap price prediction indicates a bullish future for the DeFi token. Given its unique position in the crypto markets, short-term estimates point toward a target of $12.01 and a long-term target of $100.
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What is Uniswap (UNI)?
Uniswap is the largest decentralized exchange on Ethereum with over 1400 cryptocurrencies listed on its platform. The platform provides services like lending, borrowing, staking, yield farming, and much more.
The latest iteration of the decentralized exchange is known as the Uniswap V3, with older versions like Uniswap V2 still active.
Fundamental Analysis
Uniswap plays a central role in Ethereum’s DeFi ecosystem and is the largest DEX on the blockchain.
The platform is valuable to the Etheruem blockchain as a top revenue contributor as well as a top DeFi service provider. Uniswap alone consumes around 16% of the total gas available on Ethereum.
Further, the growing demand for DeFi in the future could prove the highest beneficial for Uniswap as the largest DEX.
Another reason why UNI is super bullish on DeFi crypto is the positive outlook for DeFi regulation shortly. As a result, most DeFi protocols have gained double-digit growth numbers this week.
Technical Analysis
Uniswap has been in an uptrend from the first week of August to the first week of November when the crypto gained almost 50% in a day and skyrocketed from $6.77 to $9.66. This was a marketwide phenomenon and resulted from the US elections.
Once Uniswap reached bove $9.5 level, it did not correct, much. Rather the crypto has been trying to cross the resistance at $9.4. After this, the price is expected to cross $12.5 within November.
Coming to the technical indicators that show the price momentum. We have RSI near the levels of 70 and trying to breach these levels.
Further, we also had a MACD crossover four days ago on daily charts. This crossover signified the dominance of bulls in the crypto markets. Further, this also shows that the price surge might continue in the future.
If other market factors like geopolitics and regulations support crypto markets, we might see UNI crossing $20 by the end of the year.
While investing in any crypto, check out its tokenomics to avoid unexpected unlocks.
Uniswap Price Prediction
By the end of 2024, we see UNI end up between $12.5 and $20. In the long term, we expect UNI to cross $100 based on strong fundamentals and a central role in DeFi markets.
Uniswap Price Prediction 2024
UNI seems poised to cross $12.5 within November and if the geopolitical tensions in the Middle East subside, we may see UNI even cross $20.
Uniswap Price Prediction 2025
By the peak of the alt season in 2025, UNI could end up crossing $30 or even 35, based on the expected relaxations in crypto taxation.
Uniswap Price Prediction 2026
UNI could reach its current cycle peak in early 2026 and end up making a peak of around $40. However, we also expect corrections in the crypto markets due to the bull-bear cycle that may take UNI to $35 by the end of 2027.
Uniswap Price Prediction 2027
Given that US elections will have a profound impact on global crypto regulations, we could see a rise in pro-crypto regulations.
In such an environment, we do not see much correction in UNI and it could as well reach $50 by the end of the year.
Uniswap Price Prediction 2028
The pre-halving rally of 2028 could take UNI towards $75 to $80 depending on the intensity of the rally.
UNI Price Prediction 2029
A post-halving rally and a post-halving alt season could see further growth in UNI taking it above $100 by the end of the year 2029.
UNI Price Prediction 2030
The growing role of DeFi in the global financial landscape could provide UNI with an opportunity to rule the DeFi markets. With positive regulations, we may see UNI cross $100 and easily sustain above those levels by the end of the decade.
