Is Investing in a Uniswap Coin a Rational Decision?

What is a Uniswap Coin?

Uniswap Coin is a cryptocurrency and is symbolized and listed under the symbol of UNI at the crypto trading exchanges. UNI Coin is an Ethereum token that is structured to easily exchange the Ethereum (ERC-20) tokens to improve the liquidity of funds. UNI coin empowers Uniswap exchange. UNI is an authorized token for the Uniswap exchange. Along with the Uniswap protocol, it is available for trade on other three major crypto exchanges. Uniswap exchange is a popular devolved trading protocol exchange that facilitates automated trading of Decentralized Finance (DeFi) tokens. 

History of Uniswap (UNI)

Uniswap exchange was established in November 2018 by Hayden Adams. Originally, UNI was introduced on 16th September 2020. Later in December 2020, the exchange launched its governance token called UNI Coin officially through a retrospective airdrop to users who have interacted with the protocol either by swapping tokens or providing liquidity. UNI is a relatively new cryptocurrency, to be precise. It is less than two years. Even though it is a fourth-generation cryptocurrency in the crypto market, it has not much history to discuss. The current crypto coin market cap ranking of UNI Coin is at 9th position with a live market capitalization of USD 22,195,570,664. The total number of tokens issued in the market is 1,000,000,000 (1 Billion) UNI coins. However, out of which, only 523,384,244 UNI coins are circulating in the market.

How Does Uniswap Work?

Uniswap exchange is like any other centralized crypto exchange that facilitates trading using a conventional bid book system. Basically, at this exchange, buying and selling orders of various crypto tokens are listed on the platform with the price value in a respective order format. Now coming to the Uniswap crypto coin trading, for which there is an inevitable process that needs to be adhered to, and the said process is as follows:

Step 1: Opening an online account with a reliable crypto exchange.

Step 2: Register and create your Ewallet for storing cryptocurrency.

Step 3: Then buy UNI tokens as per your capacity and financial planning.

Step 4: After purchasing UNI tokens, you can sell them at a suitable price.

Step 5: After purchasing apart from selling, there are three other options, namely – 1) Buy and Hold UNI tokens, 2) Trade with other cryptocurrencies, 3) Invest in Uniswap Startups.

Uniswap Price Prediction 2021 and Beyond!

After its inception from till the end of 2020, the UNI coin stable reached up to USD 3 per token. However, we can still quickly brush over how the price has improved over the few years that the UNI coin has been growing in the market. Thus, moving further with the same pace, the price sprang up to USD 5 at the start of January 2021, and by the end of January 2021, the price per UNI Coin was USD 9.8, which almost 300 percent rose in value within a month. In February 2021, maintaining the pace, the coin’s price reached USD 30 per UNI coin. Industry experts and analysts believe that the UNI token may reach up to USD 100 by the end of December 2021. Also, looking at the UNI coin’s bullish performance and market conditions, it speculated that the price of the UNI token would increase by eight to nine folds in the next five years, that is, till 2025. However, experts are also speculating that the price of UNI will be based on the potential return made through fees which should be controlled decisively at a point. To know more further, you must check out CryptoNewsZ.com’s Uniswap price prediction for next 5 years with detailed analysis.

Top 3 Exchanges to Invest in Uniswap: List

Uniswap’s governance token UNI Coin is obtainable and accessible for trading on major cryptocurrency exchanges against any other altcoins, cryptocurrencies, stable coins, fiat currencies, and more.

The list of top three exchanges where buying, selling, and trading UNI coin digital token is possible are -: Binance Crypto Exchange, OKEx Crypto Exchange, and Coinbase Pro Crypto Exchange, apart from Uniswap’s protocol itself.

Is It Profitable to Invest in Uniswap?

Looking at the rising price trend of UNI coins till now and the speculations and UNI price prediction, it can be said that investment in UNI coin crypto tokens is a good and profitable option. Many investors and experts who believed in UNI coin said that the coin is very promising and investors can make huge profit from it. Before making investment in UNI, you must research and check out the Uniswap predictions made by the industry experts.

Conclusion

The UNI token is a relatively newly created digital token empowered Uniswap exchange. Hayden Adams created it in December 2020. UNI Coin is an Ethereum token structured to easily exchange the Ethereum (ERC-20) tokens to improve the convertibility of assets for immediate funds. UNI token permits token holders to participate in the protocol’s governance; for example, they can participate in government voting on few critical decisions such as using the treasury or future upgrades and many others. Coming to the price growth of the currency, it can be seen that the token’s value has always been on a rising spree since its inception. Even the industry experts and speculators predict the price to rise to USD 100 per UNI token in the next five years, that is to say, till 2025. UNI Coin is available and tradable on significant cryptocurrency exchanges such as Binance Crypto Exchange, OKEx Crypto Exchange, Coinbase Pro Crypto Exchange, and its own Uniswap’s Protocol against altcoins cryptocurrencies, stable coins, fiat currencies, and many others. This summarization has portrayed sufficient input regarding the UNI Coin and its journey in the competitive crypto market. Thus, it can be stated that investing in UNI Coin is worth it, and it is a good idea to consider it as an alternate investment option.

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