Prediction

UNI Price Prediction Forecast — How Much Will UNI Be Worth in 2021?

  • Bullish Uniswap (UNI) price prediction for 2021 is $20.
  • Moreover, UNI bearish market price prediction for 2021 is $4.

Uniswap is one of the active cryptocurrencies that closes the year 2020 gracefully. Recently, the Uniswap treasury reached the amount of $500 million.

Aside from reaching the $500 million treasury fund, Uniswap’s total value locked (TVL) amounts to over $2.9 billion. As a result, UNI ranks as one of the top 5 DeFi apps in DeFi pulse.

Furthermore, Uniswap trades on exchanges such as Binance, Coinbase Pro, Bitfinex, and Okex. Lately, Uniswap became the partner of the KickEX exchange. Consequently, traders can now buy, sell and convert their tokens with more flexibility.

Do you think this market performance of Uniswap could make it a profitable cryptocurrency this year? Are you curious to find out? In this case, let’s head to the chart and find out in this CoinQuora Uniswap (UNI) price prediction 2021 article.

UNI Price Prediction

UNI Fibonacci Retracement
UNI Fibonacci Retracement (Source: TradingView)

Based on the graph above, UNI enters 2021 in favor of the bullish market. The chart above also displays the price surge of the crypto from $3.5 to $10.5. Specifically, this price boost has a growth rate of +200%, a percentage favored by investors. For this reason, the crypto is considered to be in a bullish position.

Today, the crypto trades a high price of $9.55 with a growth rate of over +70% in the past 7 days. If this trend continues, there is a big chance that UNI might break its resistance level of $10.52. Granted that, UNI’s price can go beyond $11 and reach the bullish price of $20. Of course, this is most likely to happen if the bullish market resides with the crypto.

However, if the bullish market turns against the crypto, the price of UNI might nosedive. In other words, UNI’s price can fall to almost $8, a price level below the Fibonacci level of $.236. In this case, the bulls must regain their composure and head back to the price above $9. Otherwise, the bearish market might gain the upper hand and drag the price of the crypto to $4.5.

FAQ

Is Uniswap safe?

The Uniswap exchange is safe since it does not require funds to be held in the exchange for the token swap. In addition, Consensys audits Uniswap smarts contracts.


What is Uniswap protocol?

Uniswap is a platform that uses the Ethereum blockchain. Also, UNI enables traders to trade without intermediaries with a high level of decentralization.

 

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. In other words, no information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

Jay Manila

A dedicated market analyst focused on the highs and lows of the cryptocurrency market. With a background in Business Administration, he tries to unfold his financial perspective to global readers.

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