Uniswap's UNI Token, one of the leading DeFi coins, has seen significant movement recently. The token made headway after the U.S. Presidential election, soaring 28% and moving towards a 30% breakout following a 6-month correction.
Uniswap's price further increased by 25% leading up to the launch of
Unichain, a
Layer-2 network built on Optimism technology. This development led to decentralization concerns among holders. However, despite the SEC threatening enforcement action, UNI pushed forward, with the price surpassing $10 in a fresh breakout. Uniswap Labs projects that UNI holders could make $468M a year from the new Layer-2. The token also saw a 20% gain as a token reward proposal neared approval. Meanwhile, controversy arose when Prometheum labelled UNI and ARB as securities in their custody expansion. There were also reports of a cyberattack on Unicoin, which resulted in staff being locked out of Google services for four days. Despite these challenges, UNI continues to show potential, with further price increases predicted for 2024, 2025, and 2030.
UNI Coin News Analytics from Fri, 23 Feb 2024 08:00:00 GMT to Thu, 07 Nov 2024 00:12:13 GMT -
Rating 5
- Innovation 8
- Information 7
- Rumor 2
