Uniswap replaces the old order book paradigm with an automated market maker (AMM) protocol, which allows for open market access.
Uniswap is a fully decentralized crypto exchange that works on the Ethereum blockchain and is the most popular DEX. Without going through a KYC process, anyone may swap any ERC token in a few clicks. Furthermore, it employs an automated liquidity protocol, which is a relatively novel trading paradigm.The team’s goal is to connect the financial markets to the decentralized finance (DeFi) ecosystem, which will lower the barrier to entrance.Holders of UNI tokens acquire the ability to vote on future platform enhancements and adjustments. Let us review the UNI price
UNI Price Prediction
Bullish Scenario: If UNI manages to break above the resistance level at $13 then it would be slightly bullish. If it gains some momentum and buying pressure builds up then we might test the next resistance level at $15.86 and $19.28. Breaking above $28.21 price level with significant buying volume will lead to a good chance of making a new ATH and crossing above $45.
Bearish Scenario: UNI has been in a downtrend since the last few weeks. But If the current support level $9.53 doesn’t hold then it will hit $6.84, $4.51 and below sooner or later.
Join us on Telegram to receive free trading signals.
For more information on cryptocurrency, visit the Altcoin Buzz YouTube channel.
Images courtesy of TradingView.
The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.
Do your own due diligence and rating before making any investments and consult your financial advisor. The researched information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.