Price for today
14,159 USD 3,86%
0,00014780 BTC 3,86%
Name: Uniswap
Symbol: UNI
Circulating supply: 0 $
Max supply: 0 $
Price: 14,158533 $
Volume 24h: 46144209 $
Market Cap: 8.018 B $
Percent change 24h: 3,9 %
Uniswap (UNI)- is the token which was launched on the 16th of September, 2020 by the same-name decentralized exchange. Since the day of its creation Uniswap has been actively growing, developing and self-sustaining under the full control of the community. The implementation of UNI (ERC-20 token) is mainly necessary to support governance principles that help the protocol continue to evolve. UNI was launched with the aim of finally transforming Uniswap into a self-sufficient and autonomous infrastructure by supporting the principle of self-government.
Uniswap is one of the newest tokens that quickly became a phenomenon in the DeFi sphere. Its protocols facilitate liquidity and trade Ethereum-based ERC-20 tokens. But is it a good investment to make in 2021?
The Uniswap platform is an independent protocol ecosystem that runs on Ethereum. Its main purpose is to create liquidity, but it also operates as a crypto exchange blockchain. Uniswap is also an open system, which means that any user can look through the code and modify it. Taking into account that it is decentralized, Uniswap quickly found its audience and became one of the largest decentralized services.
The UNI coin was launched in September 2020. Based on the Ethereum blockchain, the Uniswap token is a vital element of the network. It is a developed governance instrument, which supports the infrastructure of the system, making crypto trading automated.
In order to help you make an investment decision, we present a UNI token price chart to you. It visualizes the historical changes of the Uniswap token’s prices. On these graphs, you find online trading data of UNI crypto in two colors. The green color represents an increase, and the red one — a price decrease. The vertical axis is the price scale, and the horizontal axis is the time scale, which allows you to see the exact time when the price changed.
Starting from the $0.419 point, the UNI price was increasing quickly. By May 2021, it had reached a $43.31 peak. During the first half of 2021, the price per token was within a $4.5-$44.97 range. Despite the steady Uniswap price increase, the cryptocurrency is still recovering after the May 2021 market crash.
When you decide to swap your UNI tokens, here is an instruction:
UNI coin is a mineable token. Users can get the coins through liquidity mining, which is also called yield farming. It works as follows:
If a trader doesn’t want to mine these tokens, they can buy this cryptocurrency on exchange platforms like Godex. With this service, you can buy or sell coins with the highest exchange rates and gain profit by participating in its affiliate program.
As a DeFi platform, Uniswap operates using smart contracts to validate transactions. There are two types of contracts available: Exchange and Factory. They were created in order to achieve specific goals. The former holds a pool of tokens, and the latter builds new Exchange contracts.
Every platform has its own unique elements. The same applies to cryptocurrency. So, what about Uniswap and UNI coins? Here are their distinguishing features:
The maximum number of UNI coins is 1.000.000.000. Over 50% of these coins are already circulating on the crypto market.
The distribution of UNI coins occurs based on the four-year plan. Currently, the coins are divided between several parties:
According to WalletInvestor experts, the price of UNI coin will increase in five years up to $200. TradingBeasts experts express a similar idea. They believe that this token’s price will increase by 195% till the end of 2024.
Based on these predictions, we can say that Uniswap is a good long-term investment thanks to its steady increase of the price. Still, if you see that it doesn’t bring you any profit, remember that you can swap it to any other cryptocurrency you find promising.
