Uniswap Price Prediction- Will UNI Price Hit $100 in 2021?

Uniswap is one of the utmost decentralized exchanges for cryptocurrency that runs on the Ethereum blockchain. Uniswap is a protocol that allows users to swap ERC-20 tokens flawlessly. UNI combines tokens into smart contracts. 

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It gained a huge traction with a huge airdrop where-in each trader who traded on Uniswap received a reward of 400 UNI tokens for free. Since then Uniswap became the leader of DEX and UNI price gained bullish momentum.

Thinking of holding some UNI tokens this year? 

Or worried about your Uniswap investment and thinking about how high can it reach?

Don’t be worried, This article is meant to provide you with brief knowledge about Uniswap price prediction for 2021 and beyond. You will find out whether it is worthy to invest in Uniswap at the end. 

Let us try to find out some information on Uniswap.

Overview

What Is UniSwap?x

Uniswap is a decentralized exchange founded by Hayden Adams in November, 2018. The protocol exists in the form of two smart contracts hosted on the Ethereum blockchain, as well as a public, open-source front-end client. It’s a 100% on-chain market maker allowing the swapping of ERC20 tokens, as well as ETH to an ERC20, and vice-versa.

UniSwap enables its users to exchange any ERC20 token, including the native ETH token, without middlemen, and allows anyone with an Ethereum address to contribute to the exchange’s liquidity, and thus earn from it.

UNI is the native token of the Uniswap protocol, and it entitles its holders to governance rights. This just means that UNI holders can vote on changes to the protocol. The tokens were launched in an airdrop to thousands of users in mid-September, 2020. 

The introduction of the tokens will allow the community of holders to be involved in the governance of the protocol. 

1 billion UNI tokens was minted at genesis. 60% of Mothose was distributed to existing Uniswap community members, while 40% was  made available to team members, investors and advisors over the course of four years vesting periods. 

UNI Technical Analysis

2020

Uniswap entered the crypto market on 17 September with a trading price of $2.94 according to Coinmarketcap. The price dramatically surged to $6.96 in two days after the launch as it got listed on several exchanges around the world. Surprisingly, UNI plunged to $3.98 by mid September and managed to reach $5.02 by the end of September.

Later the price declined to $2.57 by early October as bears pulled the market down. With certain variations, UNI traded between $2 and $3 until the end of October. Shockingly, UNI dropped to $1.80 by early November due to massive selling pressure. The price reached its resistance level by mid-November and remained at $3 with certain fluctuations until December. By the end of 2020, UNI was trading at $4.62.

UNI Price Prediction 2021

Uniswap entered 2021 with a trading price of 4.97. UNI started to recover as the trend started moving up. Effectively, UNI hit $34.77 to register a new all-time high on 7 March. It might even reach higher with certain improvements with its protocol, the price might consistently rise by every month. By the end of 2021, uniswap might trade at $75.

Uniswap Price Prediction 2022

Uniswap might initiate the year 2022 with a price of $78. The price might significantly rise if the market becomes bullish. Uniswap might gain the attention of marketers as it provides an easy way to exchange coins. At the end of 2022, Uniswap might trade around $180.

5 Years UNI Price Prediction

In 5 years Uniswap will grow in user-base. It might concentrate on newer projects to enhance its protocol to make it more user-friendly. The price might escalate to newer heights if the bulls establish control over the bears. It might attain more investors as it creates liquidity. By the end of 5 years, Uniswap may trade at the $300 mark.

UNI Market Prediction

DigitalCoinPrice

 According to DigitalCoinPrice, Uniswap exchange is a profitable investment and its price may reach $52.89 per token at the end of 2021. And by the end of 2023 the price could hit $72.74 and by the end of 2025 the price can surpass $100 to hit $104.66

Long Forecast

According to Forcast, In the price may trade in between $58.46 to $67.26 by the end of 2021. And in coming years Uniswap could reach as high as $76.89.

Wallet Investor

 According to TradingBeasts, UNI might grow from $32.32 to as high as $100.37 by the end of 2021. Further the price may hit $361 by the end of 2026.

Our UNI Price Prediction

With a trading price of $4.97, Uniswap commenced the year 2021. Later the price started to grow. Certain collaborations and partnerships to boost the protocol might lead to Uniswap’s price surge. The price may drop, if UNI fails to concentrate on certain developments. By the end of 2021, UNI might be traded at a high price of $85.

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