Uniswap (UNI) to $20? In Price Discovery Phase Good morning everybody!
Congratulations to all the Uniswap Hodlers and Investors. We've sailed through our previous all time high of $8.70 and now it's forming to be a solid zone for support. Resistance becomes support, that's always a good sign.
As of now Uniswap is in price discovery phase so I heavily caution people taking positions at these levels. I'm just not the kind of person that buys at the top especially at new all time highs. Uniswap has a lot of steam but please always bare in mind that it is overbought and past 70 on the Relative Strength Index (RSI). But that's just my personal preference.
I'm calling for a $20.00 Uniswap by March if we continue to grow at this pace. Another 100% increase from $10.00 will put Uniswap at $20.00 which is not a farfetched price target at all. This will put Uniswap at a total market capitalization of $6,000,000,000 doubling from where it is currently. These are reasonable goals considering what Uniswap is.
Uniswap is a Decentralized Exchange (DEX) meant to easily trade coins and create liquidity without any human involvement or corporate hierarchy. Meaning you will never need to divulge your personal information or identity to start using the platform. This is extremely powerful and attractive to many investors and traders alike. With this being said it is already a function product and platform being heavily utilized every second.
Decentralzied Finance (DeFi) is the future and as DeFi grows so will Uniswap. Uniswap is becoming the Binance equivalent of the DeFi ecosystem and is the current leader of Decentralized Exchanges (DEX's). It is already listed on Coinbase as well. I see Uniswap continuing to perform extremely well in the months to come.
Cheers! Much Love and Peace!
