UniSwap Price Prediction: What will happen to UNI in 2022?

Uniswap has recently been on a downtrend since mid-January, we are expecting a turn soon with the bullish trend in the cryptocurrency market currently.

Uniswap price movement  in the last 24 hours: Uniswap retest downside, bullish trend continue

UNI/USD  traded in a range of $9.18- $9.89, indicating a moderate spike over the last 24hours. Trading volume has declined by 8.22percent, totaling $225 million.

UNI/USD 4-hour chart: UNI seems to have a bullish trend

[caption id="attachment_230115" align="alignnone" width="1153"] Uniswap price chart by TradingView[/caption]

In the 4hour chart, we can see the Uniswap price setting a higher low and a lower high indicating consolidation in an increasingly narrow range. UNI prices saw a sharp reversal this week after a continuous downtrend.

What do influencers think about the price direction of Uniswap?

Popular youtube analyst  Crypto prince applauded Uniswap as one that was on its way to being the best altcoin. Uniswap operates on a  decentralized P2P  exchange automated market maker.

The analyst also pointed out that the main feature that will contribute; to the rise of Uniswap is that being linked to  Ethereum enabled two smart contracts to earn interests and provide liquidity directly from the liquidity providers.

Uniswap currently trades at almost six times more than starting in 2022 so the trend may be seen till December 2022.

Should you invest in Uniswap in 2022?

Uniswap is a decentralized exchange coin linked with  Ethereum. It has several unique features that enable it to provide liquidity directly from liquidity providers; therefore acting as a major catalyst in entirely removing the hurdle concerning token mining thus promoting transparency and eliminating the middlemen.

Instead of the individual cryptocurrencies, the digital assets come in pairs hence the platform governs the liquidity for these parts;  accordingly as a decentralized protocol for automated liquidity provisions on Ethereum. Uniswap launched this token during the pandemic on September 17, 2020; making millions for all those holding it.

The vision of UNI stands tall and firm leaving behind footprints on the technological and functional eco-space.UNI nurtures hope along with convenience making the lives of the Uniswap users worldwide easy.

The relationship between supply and demand is the age-old phenomenon of contradiction that works for UNI token whereby, traders come to the market with aspirations that the Uniswap cryptocurrency market they hold will promise great returns.