UNI Price Analysis: UNI acquired Crypto The Game
In the year 2020, Uniswap(UNI), a decentralized exchange, gained immense popularity in the world of DeFi. They introduced their very own cryptocurrency called Uniswap (UNI) in September 2020, and its value skyrocketed, propelling it into the top 40 cryptocurrencies within a matter of days.
UNI is gaining popularity as time passes. This article will cover UNI’s price, recent updates, technical analysis, and historical price trends.
Today’s Price
As of 11 June 2024, UNI is currently priced at $9.65, and its trading volume in the last 24 hours reached $379,170,002.18. Over the past day, the price has dropped by 1.34%, but it has seen a 1.82% increase in the last 7 days. With a circulating supply of 750 million UNI tokens, Uniswap’s market cap stands at $7,307,914,739.
Technicals
The price is testing out the ascending triangle horizontal resistance zone. A successful test would serve as a bullish confirmation.
After a period of decline, UNI’s price broke out and moved above the 200-day moving average. This led to a significant surge to $12.00. However, the price has since pulled back to the $10.00 support zone. This presents a potential opportunity for buyers, with a target of $12.00 and a stop loss of $9.25.
Despite the recent pullback, the price is still in an uptrend, with positive short-term, medium-term, and long-term trends.
Currently, the momentum is bearish, but the price is not overbought or oversold. Key support levels are at $8.00, while resistance levels are at $12.00 and $17.00.
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Price History
UNI has been on the rise from the past week, with a solid increase of 1.8%. This positive trend has continued since the last month, resulting in a significant growth of 36.4%. If this upward momentum persists, UNI could prove to be a valuable asset.
UNI hit its lowest price at $1.03 back on Sep 17, 2020, which was over 3 years ago. Since then, the current price has skyrocketed by a staggering 843.75%.
On the other hand, UNI reached its all-time high of $44.92 around 3 years ago on May 03, 2021. In comparison, the current price is 78.36% lower than that record-breaking high.
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NEWS
Uniswap Labs has acquired the well-known blockchain game Crypto: The Game (CTG).
Former Coinbase Exec Ammori Joins Uniswap as New Chief Legal Officer
Price Prediction
In June, the price of UNI might be around $9.98, with a potential minimum of $9.72 and a maximum of $10.24. This could result in a potential return on investment (ROI) of 26.2%.
Endnote
In summary, UNI is doing really well in the world of DeFi, growing steadily and offering exciting chances for investors. Despite some ups and downs in its price, the strong base and positive market trends suggest it could bring profits in the future.
Uniswap’s recent smart moves, like acquiring Crypto: The Game and hiring Coinbase’s ex as new Chief Legal Officer, show they’re set for more success. In June, UNI’s price could be around $9.98, potentially giving a gain of 26.2%.
It’s definitely worth keeping an eye on this asset because it could be a big winner.
