UNI is a governance token of a decentralized exchange protocol, Uniswap. The token was launched in September 2020. The platform operates on Ethereum and is considered to be the largest application on this blockchain. The most important feature of Uniswap is the lack of an intermediary in the exchange process. Holders of UNI have the right to participate in a decision making process, they vote on changes that may occur on the platform.
Let’s take a look at some UNI statistics represented on coinmarketcap.com (as of 07/05/2021):
- UNI price is $40.01
- Market capitalization is $21,095,522,770.10
- Volume (24h) $1,202,178,830.30
- Circulating supply 523,384,244 UNI
- Total supply 1,000,000,000 UNI
- Max supply 1,000,000,000 UNI
- 24 Hour High $42.11
- 24 Hour Low $38.34
So far Uniswap has three main stages.
Uniswap v1 appeared in November 2018. It was the first time when such type of exchange service where anyone could pool assets into shared market was introduced.
Uniswap v2 was introduced in May 2020. This version brought in some new functions, better optimization, and increased AMM (automated market maker) adoption.
May 5, 2021 is lightened up with the Uniswap v3. This version has even more new features:
- Concentrated liquidity
This means that users will trade against individual positions combined in one pool within the desired price range. This will create individualized price curves with no gas cost increase within the liquidity pool.
- Multiple fee tires
The new version will offer three types of fee tires: 0.05%, 0.30%, 1.00%. It will help to compensate for a wide variety of risks.
- Active liquidity
Liquidity providers now will have an opportunity to specify a price range, if prices go outside this range, liquidity will be removed from the pool.
- Improved TWAP oracles
Uniswap v3 is about to introduce an improved version of time-weighted average priced oracles. Now one on-chain call will allow users to calculate TWAP for about 9 days. The new technology is cheaper and this helps to reduce costs by about 50%.
This project improves very fast and stays popular for obvious reasons. Let’s hope that the developer’s team has many features to share with us in the future.
Crypto community about Uniswap
Uniswap has a big and friendly community. Its members are super excited about any changes and new features. And this tells a lot about the product.
UNI price prediction 2021
Even though we cannot make a very precise prediction of crypto prices, we can analyze current trends and try to make a model for the future. Let’s take a look at the information about the UNI price that some services offer.
According to TradingBeasts.com, we will see the following picture (as of 05/05/2021):
Minimum UNI price for 2021: $32.377
Maximum UNI price for 2021: $54.670
Average UNI price for 2021: $41.018
Year-end UNI price predictions 2021:
Minimum expected: $37.175
Maximum expected: $54.670
Average expected: $43.736
Another service, WalletInvestor.com offers the following statistics (as of 05/05/2021):
Minimum UNI price for 2021: $62.672
Maximum UNI price for 2021: $75.341
Average UNI price for 2021: $68.956
Year-end UNI price predictions 2021:
Minimum expected: $79.523
Maximum expected: $92.511
Average expected: $86.030
According to Digitalcoinprice.com we can expect the following average price (as of 05/05/2021):
Average UNI price for 2021: $64.415
Average year-end UNI price expected: $64.22
UNI price prediction 2025
Most analytical resources predict that the UNI price will overcome a threshold of $100 by 2025, and will continue to grow throughout 2025. Some very optimistic prognosis shows that by the beginning of 2025 the UNI price will hit $300. However, all the analysts agree that the raise will not be absolutely smooth, and we will see some minor setbacks.
Historical price analysis
All Time High: $44.97 (May 03, 2021)
All Time Low: $0.419 (Sep 17, 2020)
Uniswap appeared in 2018. However, it surprised the Crypto World with its governance token only in 2020. UNI token became successful right after it was launched. Its price reached an all time high in one day and stayed at the same level for the next 5 months. In January 2021 the price broke through this level for the first time. In the period from January 2021 to February 2021 UNI increased by 350%, and the upgoing trend is still continuing.
We can witness an enormous leap forward, which means that the interest in this product is on a very high level. Uniswap was able to offer a unique service to the Crypto World and in return it got a growing price.
We hope that this article helped you to see the existing trend of the UNI price development and to understand the reasons for that. We also kindly remind you that this article is provided for informational purposes only and does not provide any investment advice. Thank you for your attention.
SimpleSwap reminds you that this article is provided for informational purposes only and does not provide investment advice. All purchases and cryptocurrency investments are your own responsibility.