Analysts remain bullish about
Uniswap (UNI), despite the potential rise of competitors such as ZDEX and new AI coins.
Uniswap launched a feature to ease cross-chain transactions and a permissionless chain bridge, which can potentially push the
UNI price to $10. However, the launch of Unichain, Uniswap’s layer-2 network built on Optimism tech, has sparked concerns about decentralization among holders. At the same time, the surge of interest in the Zig network may diversify the investment focus of
UNIholders. Despite pressure from Avalanche (AVAX), Ripple (XRP), and ZDEX,
Uniswap recorded a 25% weekly gain ahead of Unichain’s launch. A report from DeFi suggested that Uniswap Labs and UNI holders could potentially make $468M a year from their new L2. In the meantime, Uniswap faces regulatory scrutiny, with the SEC issuing an enforcement notice. This has resulted in a dip in UNI price, which in turn, has stirred interest among whales looking to invest in other tokens. Continental Crypto firm Prometheum labelled
UNI and Arbitrum's tokens as securities in a controversial move. Despite a few setbacks,
Uniswap plans to fight back against the SEC, with the crypto firm’s founder and SUI Chain developer introducing $UNI, a new coin in the SUI Chain. Following the SEC enforcement action and a cyberattack, Uniswap settles CFTC charges over illegal margin products and the Unicoin exec explains why blockchain projects fail. Uniswap even went public on US Market, planning a primary offering on regulated trading platform INX.One. Looking forward,
analysts predict a potential 10% surge in
UNI price and that trading landscape in 2024 could be redefined by a Pullix (PLX) launch. Despite bearish crypto trends, Litecoin,
Uniswap, and Rollblock remain bullish. A couple of governance proposals and protocol upgradations are likely to impact the price of UNI as Uniswap plans on introducing uni.eth subdomains via the Ethereum Name Service and limit orders.
UNI Coin News Analytics from Fri, 23 Feb 2024 08:00:00 GMT to Wed, 23 Oct 2024 19:21:53 GMT -
Rating 7
- Innovation 7
- Information 6
- Rumor 5
