UNI Coin, also known as
Unicoin, has been facing significant turbulence in recent times. The cryptocurrency is currently grappling with bearish pressure, with its market cap retaining $5.9 billion. Adding to the challenges are the accusations, brought by the
U.S. Securities and Exchange Commission (SEC), alleging that the crypto firm engaged in $100 million fraud. Not taking things lightly, Unicoin has been fighting back against these accusations, accusing the SEC of distorting its documents and pushing a 'fabricated narrative.' As the tussle continues,
Uniswap's price rebounded above $11, with analysts seeing a pathway towards $120 in the new cycle.
On the positive side, institutional bets on
Ethereum could benefit Uniswap. There are indications of a major
Uniswap (UNI) and ETH movement signaling deepening ties within Decentralized Finance (DeFi). With Bitcoin holding firm above $118K, other altcoins, including UNI, are latching on this momentum to extend their rally.
Nevertheless, convergence of factors such as selling pressure from UNI whales and debanking issues cloud Uniswap's long-term outlook. As a strategy, Unicoin has signaled its intention to move into the digital asset treasury business by acquiring a controlling stake in
Diamondlake. Despite the market turbulence, UNI remains set for strong growth, possibly targeting $19-$20 before surging to $30.
UNI Coin News Analytics from Mon, 16 Dec 2024 08:00:00 GMT to Sat, 30 Aug 2025 20:16:44 GMT -
Rating -2
- Innovation 0
- Information 0
- Rumor -3
