Over the past few days, the Uniswap price has recovered, moving from a minimum $ 6.9565 last week to $ 10 today. Uni Token rose by more than 42% from the lowest point this month, since Unichain Mainnet brought 1 million transactions. So, what’s next at the price of Uniswap coins?
Unichain growth continued
Over the past few days, the price of Uniswap token has recovered, as the developers presented Mainnet Unichain.
Unichain is the Layer-2 network, which is aimed at simplifying how the Uniswap network works. This is a network that is aimed at uniting all other chains. Unichain also has significantly lower fees, which allows users to maintain most of their money.
The network also allows many popular developers to launch their networks. Some of the best players in Unichain – Morpho, Coinbase and Lido.
DEFI LLAMA data show that the leading players on the Unichain network are Uniswap, Dyorswap, UCS Finance and Passdex. Its total cost (TVL) in the ecosystem jumped up to $ 3 million.
Since the launch of Mainnet on Tuesday, Unichain has been engaged in more than 957,000 transactions and completed more than 3,206 intellectual contracts. The number of wallets in the ecosystem jumped to almost 52,000.
There is a chance that the Unichain network will continue to succeed in the coming months. Traiders will probably continue to choose Unichain from its interaction and cheaper fees.
Uniswap loses market share
The price of UNI coins fought because it lost the market share in the industry. The data show that Pancakeswap processed the volume of more than $ 100 billion over the past 30 days, while Uniswap processed transactions worth $ 105 billion. Raydium processed more than $ 122 billion for the same period.
These huge numbers mean that Uniswap loses its market share in the industry, in which it has always dominated in the past few years.
However, Uniswap continues to generate significant amounts of money on the network. This year he earned more than $ 171 million, which makes it more profitable than networks, such as Lido Finance, Aave, Aerodrome, Sky and Pancakeswap.
Over the past 365 days, he earned more than $ 2.3 billion, which made it fourth largest a network in the industry after Tether, Tron and Ethereum.
The price of Uniswap is faced with numerous catalysts. SEC is likely to release its charges against Uniswap, while the SEC can decide to approve the point UNI ETF. In the note, one analyst said:
“Uniswap-one of the best blue chip coins in the industry. He has numerous catalysts that can increase their price in the coming months. Its DEX volume remains high, the chances of a point UNI ETF are growing, and it has strong technical data. ”
Uniswap price forecast
Price University for TradingView
The weekly schedule shows that the price of the universa has passed to the side over the past few months. At the beginning of this year, it grew to $ 19.13, which was a noticeable level, because it was along 38.2% of the Fibonacci recovery point.
The price of Uniswap has formed an ascending, expanding clin table scheme. He also rose a little higher than the 25-week exponential sliding medium (EMA).
A growing expanding wedge scheme, as a rule, is a bear sign. Nevertheless, bear rupture usually occurs after it initially arranged a strong gap. This means that the coin will grow to 61.8% of the Pibonacci recovery point of $ 30.
On the other hand, a drop below $ 4.8 will indicate a more drawback, with the next point that will observe $ 3.10, its lowest level in 2022.
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