logo

Uniswap Price Prediction 2023-2031: Will UNI Keep Steady?

uniswap price prediction

Uniswap Price Prediction 2023-2031

Today, Uniswap is excited to introduce Permit2 & Universal Router—new smart contracts that increase the flexibility of token approvals & aggregate ERC20s & NFT swaps into one. Permit2 improves the security, UX, and flexibility of ERC20 token approvals with features like:

  • Shared approval management across applications
  •  Universal permits for any token
  •  Time-bound token approvals
  •  Batch approvals & revokes for tokens

Permit2 and Universal Router are non-upgradable, unowned, fully audited, and open-sourced. They will be released following a two-week bug bounty period (more details to come.) These developments came at the heels of Uniswap’s coup on 15 November when it became the second-largest exchange after Binance for Ethereum trading.

Ethereum has undergone a series of upgrades toward its next version, Ethereum 2.0. Unfortunately for Uniswap, the upgrades are taking a long time and affect Uniswap in terms of long processing time and high gas fees. However, there are means by which the price impact could be reduced but before we get into these methods, let’s have a backgrounder on Uniswap and its token UNI. With this Uniswap price prediction, let’s determine if those who invest in the UNI V3 will get 3x profit.

The introduction of the v3 factors could help propel Uniswap cryptocurrency prices skywards, especially considering the available data shows that the update has already helped Uniswap become the largest DEX on the Ethereum network. Lower transaction fees have also made Uniswap more accessible to a new class of users. 

Today’s Uniswap price is $5.97 with a 24-hour trading volume of $107,161,761. Uniswap is up 0.72% in the last 24 hours. The current CoinMarketCap ranking is #16, with a live market cap of $4,547,929,270. It has a circulating supply of 762,209,327 UNI coins and a max. supply of 1,000,000,000 UNI coins.

Let’s take a look at UNI’s fundamentals, analyze the past prices and find out what experts are saying about its future price actions.

Also Read:

Overview

ITB Widget Example

Uniswap was created on 2 November 2018 by Hayden Adams, a former mechanical engineer at Siemens. He informed his followers through Twitter that it is only a few weeks since the launch of the Uniswap v3, and it is already the highest volume DEX protocol on OxPolygon. He further noted that its price is only $45million on TVL too.

Uniswap (UNI) is one of the most prominent decentralized finance (DeFi) exchanges. The DeFi protocol was founded in 2018 by former mechanical engineer Hayden Adams. The Uniswap exchange functions as a 100% on-chain automated protocol market maker on the Ethereum blockchain. The AMM allows DeFi users to swap ether (ETH) for any ERC-20 token without intermediaries, solving many of the liquidity problems most exchanges face. 

How does Uniswap work? 

Uniswap pioneered the Automated Market Maker model, in which users supply Ethereum tokens to Uniswap “liquidity pools”, and algorithms set market prices based on supply and demand (as opposed to order books matching bids and asks from users on a centralized exchange like Coinbase). 

By supplying tokens to Uniswap liquidity pools, users can earn rewards while enabling peer-to-peer trading. Users supply tokens to liquidity pools, trade tokens, or even create and list their own tokens (using Ethereum’s ERC-20 token protocol). There are currently hundreds of tokens available on Uniswap, and many popular trading pairs are stablecoins like USDC.

Some of the potential advantages of decentralized exchanges like Uniswap include:

  • Self-governing: Funds are never transferred to any third party or are generally subject to counterparty risk (i.e. trusting your assets with a custodian) because both parties are trading directly from their own wallets.
  • Global and permissionless: There is no concept of borders or restrictions on who can trade. Anyone with a smartphone and an internet connection can participate.
  • Ease-of-use and pseudonymity: No account signup or personal details are required.

Uniswap Smart Contracts

Uniswap is just a bunch of smart contracts that work together to make a decentralized exchange. Smart contracts are uploaded to the blockchain, and since it’s on the blockchain, the code has the same immutable, decentralized, and borderless capabilities as cryptocurrencies. Smart contracts can transfer money autonomously based on the parameters in the code, allowing for highly efficient financial services.

Investors send their cryptocurrency or coin funds to a Uniswap smart contract to earn interest on their holdings; these investors are referred to as liquidity providers. The smart contracts that hold their cryptocurrency are called liquidity pools.

Liquidity providers are necessary for Uniswap to operate, as it’s how they can provide liquidity to trade on the platform. Instead of ordering books, the smart contract calculates the price of each cryptocurrency market asset. This is how a Uniswap smart contract works.

Why do people trust UNI?

People have become aware that one can not turn a billionaire in the short term or long term when you invest wisely in crypto. Hence they buy tokens based on the coin’s long-term actual performance. This is all the more reason for you to be in UNI for the long term, not the short-term gains.

Why is UNI keeping steady despite the bear market?

The credit goes to the faith investors have reposed in the asset. At the same time, it is an excellent reason that UNI is listed on the exchange to show excellent performance. This triggers investor response and shows a great deal of motivational sentiment—no wonder the token shows a constant up-rise consequently. Our perfectly optimized content goes here!

Uniswap Price Prediction 2021 - 2025 3
Source: Uniswap Pool

Uniswap is just a bunch of smart contracts that work together to make the decentralized exchange. Smart contracts are uploaded to the blockchain, and since it’s on the blockchain, the code has the same immutable, decentralized, and borderless capabilities as cryptocurrencies. Smart contracts can transfer money autonomously based on the parameters in the code, allowing for highly efficient financial services.

Investors send their cryptocurrency or coin funds to a Uniswap smart contract to earn interest on their holdings; these investors are referred to as liquidity providers. The smart contracts that hold their cryptocurrency are called liquidity pools.

Liquidity providers are necessary for Uniswap to operate, as it’s how they can provide liquidity to trade on the platform. Instead of ordering books, the smart contract calculates the price of each cryptocurrency market asset. This is how a Uniswap smart contract works.

How to reduce price impact on UNI

  • Change the Uniswap Exchange Version. Choose among the Uniswap versions, V1 (old version) and V2 new version V3. On the bottom navigation bar, you will select V1 as the version you want to use to transact the swap. You will check that you understand the disclaimer and click on continue with V1 for the transaction.
  • Break down transactions and reduce the number of purchases. The price impact mechanism is problematic for big transactions. This problem can be solved by reducing the number of assets for trade and buying or selling the desired amount of transactions.
  • Changing the price slippage tolerance. Due to excessive price fluctuations and the lengthy process of registering a buy or sell transaction in decentralized exchanges, an increase in price slippage helps to complete the transaction.

Uniswap Historical Price Analysis

Although the decentralized exchange (dex) has been around since 2018, it wasn’t until 2020 that the Uniswap cryptocurrency token came into existence. In the first year of its release, it had an initial price of just $3.00. However, because of the ferocious hype surrounding it, Uniswap price change increased to $7.00 by 19 September 2020, according to CoinMarketCap.

After the hype and excitement began to wind down, the price also began to fall, but it did not experience a drastic price change than other tokens, nor was its all-time low after the fact. Its all-time low was at $1.03 on 17 September 2020, before its price increase, according to CoinGecko. 

Although, CoinMarketCap states its all-time low to be $0.4190 on that same day. It experienced its all-time high of $8.44 only a day after it began to calm down and decline. UNI’s price continued to decline as the months rolled by, although it never went below $2 before it again began to slowly increase in price, thanks to the 2020 bull run. 

UNI finished the year 2020 with a price of $5.00. Since then, it has continued to increase, being on the verge of surpassing its former all-time high.

Uniswap operates on a decentralized P2P exchange automated market maker (AMM), away from conventional cryptocurrencies. Before we dig into the Uniswap price prediction, let us have a look at some of the unique features of Uniswap.

Being linked to Ethereum enabled as two smart contracts, Uniswap has a unique provision of liquidity providers (LPs). This unique feature of Uniswap acts as a significant catalyst in entirely removing the hurdle concerning token mining. In a manner, it promotes transparency by eliminating intermediaries or permission.

Hence, digital assets are linked as pairs instead of individual cryptocurrencies. As a decentralized protocol for automated liquidity provision on Ethereum, Uniswap took the entire crypto space by surprise during the pandemic; Uniswap decided to launch this token UNI on 17 September 2020.

Uniswap New Development

Uniswap secures $165 million in Series B funding to facilitate the propagation of the network’s security and simplicity to more people globally.

Also, in October 2022, Uniswap Labs announced the launching of Uniswap v3 on 5 different chains, with more coming. Uniswap v3 offers a massive liquidity base compared to several centralized exchanges, and liquidity providers also get better fees.

Uniswap Technical Analysis

Uniswap has been on a highly volatile trend since the historic crash of the crypto market in May, and now the bearish trend has converted into a death rally for several cryptocurrencies following the collapse of a crypto exchange giant FTX. The dump of FTT tokens has plummeted the crypto market, plunging leading assets to the bottom level in the price chart. However, the developing team behind Uniswap is promising a bright future despite the recent turmoil, and the community is optimistic about UNI’s future prices as the UNI coin can ignite a bullish comeback soon. Our Uniswap technical analysis aims to bring an in-depth analysis of the current price trend of Uniswap with technical indicators to help you in making the appropriate investment decision. 

Observing the 1-day price chart of Uniswap, UNI price is poised to spark fresh surges in a few months after initiating a slight downward retracement. Uniswap has witnessed a significant impact in the price chart after experiencing a massive selloff in the price chart as whale investors of Uniswap started liquidating their positions after being panicked by the collapse of the FTT token. UNI coin began its bearish trend after making a fake breakout near its fundamental resistance level of $7.78 on 5 November. 

According to CoinMarketCap, Uniswap is currently trading at $5.96, with a downtrend of 0.3% from yesterday’s price. After making a low of $4.6 on 9 November, Uniswap formed support near its 23.6% Fib retracement from its current price level. UNI price has been building a short-term bearish momentum before making a bullish reversal as the RSI-14 is progressing slowly to the North as it has recovered from the mud of a support region of 30 and is currently hovering around an initial bullish region of 45. Moreover, the crypto market is currently in a recovery phase as the impact of FTX is fading with better-than-expected CPI data. 

Uniswap Price Prediction 2023-2031: Will UNI Keep Steady? 1

Moreover, our Uniswap technical analysis reveals that the battle between Binance and FTX may leave a prolonged effect on multiple altcoins, and Uniswap is no exception. Bears are building a dominating selling pressure for UNI, which may plunge this digital asset to a critical level of $5.3. The MACD line trades in negative territory, marking the current price momentum as unstable. The Bollinger bands are also getting closer in the price chart as the lower limit is at $4.6, acting as a crucial support level.

Uniswap Price Prediction 2023-2031: Will UNI Keep Steady? 2

If the UNI coin drops below this support level, it can plunge hard and trade near the bottom level of $3.2. Conversely, the Bollinger band’s upper limit is at $7.7 near the EMA-200 trend line, above which Uniswap may head towards its next resistance level of $9.6. It is anticipated that Uniswap may be projected for a downtrend to $5.1, where Uniswap will build an initial support level for an upward trend to its EMA-200 level. 

Uniswap Price Prediction by Cryptopolitan

Uniswap price has witnessed substantial volatility since the beginning of 2022, and UNI price was able to reach a yearly high of $43.08 prior to the historic crypto market crash. However, the bullish momentum of UNI did not sustain for a long period as it got affected by the strong bearish pressure in May, plunging the token’s price to $3.63 in June. Uniswap token made a slight recovery in the last few months, but the recovery phase was wiped out due to the recent FTX’s demise, which initiated a death rally for the token with a bottom price range between $5 to $6. 

Our Uniswap price prediction for 2023 is a maximum trading price of $11.13 for 1 UNI; $52.37 maximum price in 5 years and a maximum price of $248.06 10 years from now. As of today, Uniswap is 86.75% below the all-time high of $44.97.

Uniswap Price Prediction 2023-2031: Will UNI Keep Steady? 3
YearMinimumAverageMaximum
20239.549.8611.13
202413.8014.1916.39
202520.3221.0324.38
202629.4230.2634.87
202743.6144.8252.37
202865.2767.0675.22
202996.6799.35114.69
2030143.19147.17170.30
2031200.35207.71248.06
Note: All prices in USD = 1 UNI

Uniswap Price Prediction 2023

In 2023, it is expected that the price of Uniswap cryptocurrency will reach a maximum level of $11.13, with an average trading price of $9.86. Uniswap’s price may go as low as $9.54.

Uniswap Price Prediction 2024

Uniswap may skyrocket in the near future and is projected to touch a maximum price of $16.39. According to our technical analysis, Uniswap price might consolidate and record a low of $13.80, with an average trading price of $14.19.

Uniswap Price Prediction 2025

In 2025, it is expected that the maximum trading price of 1 UNI token will be equivalent to $24.38. The average UNI token price is expected to be around $21.03 in 2025. Uniswap price can touch the bottom at $20.32.

Uniswap Price Prediction 2026

The Uniswap protocol and its fundamentals are overwhelming, which can bring a high of $34.87, with an average price of $30.26. It is anticipated that the Uniswap price will trade at a minimum level of $29.42.

Uniswap Price Prediction 2027

Uniswap may experience a bullish market trend and extend its bullish momentum as it is projected to touch a maximum price of $52.37, with an average trading price of $44.82. Uniswap may record as low as $43.61 by the end of 2027.

Uniswap Price Prediction 2028

In 2028, UNI token holders may generate a lucrative ROI as the price of Uniswap is expected to reach a maximum price of $75.22, with an average trading price of $67.06. Our technical analysis reveals that Uniswap may reach a minimum of $65.27.

Uniswap Price Prediction 2029

Our UNI price prediction states that Uniswap’s price is anticipated to hit a maximum price of $114.69. The average price of Uniswap is predicted to be $99.35, with a minimum price of $96.67.

Uniswap Price Prediction 2030

In 2030, it is expected that the UNI token price may witness a massive price rise as its maximum value may be around $170.30, with an average trading price of $147.17. Uniswap may touch a minimum value of $143.19 if it retraces downward.

Uniswap Price Prediction 2031

Uniswap may bring a wave to portfolios as the Uniswap token has bright promises ahead. The price of Uniswap is projected to reach a maximum value of $248.06, with an average trading price of $207.71. The minimum trading price of Uniswap is predicted to be $200.35 by the end of 2031.

Uniswap Price Prediction By Wallet Investor

According to Wallet Investor’s Uniswap price forecast, UNI coin can turn out to be a lousy investment option if considered for both the short and long term. According to their technical analysis, Uniswap may witness a massive bear market as it can make an average trading price of $0.549, with a minimum value of $0.274 and a maximum value of $0.823. The website further predicts that the death rally will continue as the UNI token may achieve an average price of $0.1071, with a minimum value of $0.0536 and a maximum value of $0.161. 

Uniswap Price Predictions By DigitalCoinPrice

DigitalCoinPrice is bullish on Uniswap price prediction as the website predicts that the price of UNI is anticipated to cross the level of $13.65 in 2023. By the end of the year, Uniswap can make a minimum value of $12.62 with a maximum price of $15.14. In 2028, UNI is expected to surpass $40.28. By the end of the year, Uniswap is projected to reach a minimum value of $40.15 and a maximum value of $42.55.

Uniswap Price Prediction by Trading Beasts

Trading Beasts’ Uniswap price forecasts analyze a fruitful future for the UNI token as the digital asset is projected to make an immense price growth and hit an average trading price of $6.28885 with a maximum value of $9.24832 and a minimum value of $7.39865 by 2023. In 2025, the UNI coin is estimated to hit an average price of $12.31470 with a minimum value of $10.46750 and a maximum value of $15.39338. S

Uniswap Price Prediction by Industry Influencers

The ongoing developments of the Uniswap platform have attracted a wide range of investors and crypto analysts to produce their viewpoints on future price movements. Uniswap provides excellent hope to the crypto community as the platform offers developers advanced tools to build innovative decentralized applications. Forecasters provide mixed predictions about the UNI token’s future prices as the bullish forecast suggests a value of over $122 by 2030, whereas the bearish prediction lies near the $20 price barrier. A famous crypto analyst, Mr. Legend Crypto, predicts that the UNI token will surpass its previous highs and pave its way for a bullish move up to $105!

@Jacob Crypto Bury, a crypto analyst, gives a detailed analysis of the price movement of Uniswap.

YouTube video

I’m extremely optimistic about the future of Uniswap and not because of the fee switch in particular (though I think it can be used as a lever for growth).

Erin Koen

Conclusion

Uniswap is a decentralized exchange built on the Ethereum blockchain. With the Ethereum network’s Merge update completed, the Uniswap protocol is expected to operate at a higher level of scalability. Users will no longer have to trade higher costs for better performance. With the launching of Uniswap v3, experts expect the uniqueness and efficiency of the network to reach more people around the world.

In 2021, the UNI coin became a favorite investment option as it made a powerful profit during the crypto boom. However, as 2022 drew near, the Uniswap token made a price dip as the altcoin season went on a bearish trend. However, Uniswap has one disadvantage as the platform only supports ERC-20 tokens, meaning that BTC cannot be listed until they are locked up in Ethereum contracts and converted into wrapped BTC (WBTC).

Uniswap will begin recovering in 2023 as the crypto market recovers from the crypto winter. It is impossible to tell when Uniswap will hit bottom, but it is undoubtedly undervalued and will be profitable in the coming years. Despite not sustaining its pricing beyond a honeymoon period, the Uniswap protocol has proven to be useful for early adopters. Analysts, however, are a little more cautious moving forward since the Uniswap protocol’s success is crucial.

Uniswap has become the largest and most dominating decentralized exchange protocol on the Ethereum network, implementing an open-source infrastructure with the integration of an automated liquidity protocol. The Uniswap DEX offers users a free listing of their tokens and a quick swap between tokens without registration. 

Uniswap Exchange is extremely safe, as it operates as a decentralized exchange and liquidity pool and is built on Ethereum, meaning it has the same security as the Ethereum blockchain. Since it is decentralized there is no central server to hack and gain access to users’ funds.

The crypto market is predicted to witness a massive bull run by the beginning of 2023, taking the UNI token on a bull run as the current trend can be the final capitulation zone. However, Cryptopolitan advises investors to do their own research and conduct investment advice from experts before investing in the volatile crypto market. 

Uniswap is also famous for its commitment to growth. Not too long ago, its community members voted to create a Uniswap Foundation, focusing on improving community governance and distributing grants to several projects in the Uniswap ecosystem. Also, WEB3 advancements will be a significant fuel; however, unfavorable legislation and market crashes might derail the positive performance of Uniswap.

Please be advised that all predictions for UNI cryptocurrency prices are extremely speculative and do not represent sound financial advice. Any significant investment demands thorough investigation and advice from knowledgeable professionals. Always use caution when trading, and never risk more money than you can afford to lose. Doing your own research is highly advised when investing.

[the_ad id=”48512″]

FAQs

Is Uniswap still worth buying?

The short answer is yes, Uniswap is still worth buying for many investors. The decentralized exchange still has a lot of potentials and is one of the most popular exchanges in space.

Does Uniswap have a future?

There is no doubt that Uniswap has a very strong future ahead. The team behind it is very passionate and committed to ensuring that the project succeeds. They have some very big plans for the future, and I believe that they will be able to achieve them.

Is UNI a good investment?

There is no simple answer to this question, as many factors to consider when making an investment decision. However, some key things to keep in mind when thinking about investing in Uniswap include the project's long-term vision, the strength of the team, and the growth potential.

Where to buy or sell UNI?

It’s easy to buy Uniswap tokens on the Changelly platform. Choose the exchange pair (fiat transactions are available), fill in your wallet address, and – voila! – your UNI tokens will be in your wallet in a matter of minutes. MoonPay and Indacoin provide a smooth Uniswap purchase using fiat (USD, EUR, GBP) via credit and debit cards (Visa/Mastercard), bank transfer, or ApplePay. Check out our widget below and get UNI tokens for the best possible rate.

Shawn Du'Mmett

Shawn Du'Mmett

Former IT development and consultant, remote team and collaboration expert, PM, CCO, writer, dreamer, idealist looking to collaborate with global teams on a global teal/turquoise organisation. Shawn's dream is working together openly, to get what writers need and want, and to solve biggest global problems. He is building a collaboration system from the start that everyone can own and define, allowing them to work together, to decide how it works and to their highest ideals.

Related News

Hot Stories

Luxembourg expands PayPal operations to cryptocurrencies
Metacade Presale for Web3’s First-Ever P2E Crypto Arcade Raises Over $670k in Under 2 Weeks
Ankr Price Prediction 2023-2031: Will the ANKR price go up?
Bitcoin, Ethereum, Filecoin, and ApeCoin Daily Price Analyses – 7 December Roundup
Telcoin Price Prediction 2023-2031: Is TEL a Good Investment?

Follow Us

Industry News

Luxembourg expands PayPal operations to cryptocurrencies
Grayscale Investments slammed with a lawsuit as GBTC plunges
Taylor Swift's $100M partnership with troubled FTX ended prematurely: Reports
Iran plans to freeze bank accounts for women without hijab
Revealed: the top-5 token Holdings of Alameda

Add Your Heading Text Here