Uniswap (UNI) Price Prediction 2024-2030: Will UNI Price Hit $50 Soon?

• The price of UNI could remain bullish for most of 2024, and could be $31.88.
• UNI might experience major declines in 2026 and 2027 as the crypto market could be in a bear phase.
• UNI’s price could hit three-digits in 2030, and the price could be $150.

Trading tokens used to be complex in the early days of the crypto market. During that period, a lot of the now popular exchanges did not exist. But it was not only that, not every token launched was listed on centralized exchanges. 

As such, there was a need to introduce a decentralized platform to facilitate trades of relatively less popular cryptocurrencies. This was where Uniswap (UNI) came in. Starting, Uniswap began as an Ethereum-only based decentralized exchange.

However, it has since expanded its reach, and in turn, helped with the adoption of its UNI— its native token. In this article, you will learn about the fundamentals of Uniswap, the tokenomics, and the price prediction for UNI from 2023 to 2024.

Uniswap (UNI) Real Time Market Status

What is Uniswap?

Uniswap can be referred to as a decentralized trading exchange or an automated market maker for trading tokens in Decentralized Finance. Uniswap launched in 2018 intending to create a trading pool that serves the crypto market like the way some platforms attend to traditional finance institutions.

With the decentralized exchange, Uniswap solves the liquidity challenges users face in the market. Also, the project is built on Ethereum (ETH). As such, it is secured by the blockchain and indirectly operates on the Proof-of-Stake (PoS) consensus mechanism.

Fast forward to 2020, Uniswap launched the UNI token which is a governance cryptocurrency of the protocol. Apart from governance, UNI helps with interacting with other protocols as well as some cryptocurrencies built on the Ethereum blockchain.

However, there have been different versions of Uniswap. For instance, the protocol introduced the Uniswap V2 in 2018. At that time, it only focused on trading ERC-20 tokens like UNI while offering features like flash-swaps and price oracles.

But in 2021, the protocols went ahead and launched the V3 on Mainnet. This provided a better infrastructure and easy execution for traders. Currently, Uniswap does not support Ethereum only as it has expanded to other chains. 

Some of the chains supported include Base, BNB Chain, Polygon, Optimism, Celo, and Avalanche. However, you should note that the supported chains are not limited to those listed above.

UNI Current Market Status

UNI’s price as of this writing was $11.27. This value was an 18.85% increase in the last 24 hours. Like the price, the trading volume around the token also jumped. But the increase was incredible this time as it rose to $858.12 million.

The surge in trading volume was a tremendous 445% hike within the same period the price rose. This increase was a sign that interest in UNI was picking up, and much more than many other altcoins in the market.

Should the volume continue to rise alongside the price, the value could hit another high this week. However, if the volume gets too high, UNI could reach a local top, and this could draw back the price.

Meanwhile, Uniswap’s market cap was $6.76 billion, indicating that it has become a top 20 cryptocurrency.  The maximum supply of the token is 1 billion. It is the same as the total supply. However, only 599.95 million tokens are in circulation.

Buying UNI is just like buying Bitcoin (BTC) on an exchange like Kraken. However, some other exchanges to buy the token include Binance, Coinbase, OKX, Kraken, Upbit, and many more. Also, you can use a decentralized exchange like Uniswap v3 to buy the token.

Uniswap (UNI) Price Analysis

UNI has been faced with challenges with the U.S.SEC for some time as the regulator has been trying to label it as an unregistered security. However, the token has been able to overcome that fear, uncertainty, and doubt with the price increasing on many levels.

Still, there are opinions noting that UNI’s price could plunge at any time. At the same time, some believe the price is going so much higher. Whichever side of the divide you are, find out the price prediction from 2024 to 2030 in this segment.

Uniswap (UNI) Price Analysis – Bollinger Bands

In the last week of May, UNI became less volatile, according to signals from the Bollinger Bands (BB). Besides that, the price of the token kept falling as bears pulled it down. However, the bands began expanding on Juen 3 as UNI flashed a bullish engulfing candle which sent the price to $10.40 at first.

Later on, another candlestick appeared, sending the token as high as $11.50. As of this writing, the BB indicated high volatility, suggesting that UNI might undergo another round of significant price fluctuations.

Also, the upper band of the BB had touched UNI’s price at $11.48. This caused a retracement to $11.22. In a highly bearish case, UNI’s price could drop to $10.07. However, a bullish continuation could drive the token toward $12.

Uniswap (UNI) Price Analysis – Relative Strength Index (RSI)

The Relative Strength Index ( RSI) tracks momentum. With this indicator, traders can know if an asset is in a bullish phase, bearish one, overbought, or oversold.

For UNI, the RSI on the 4-hour chart was initially overbought as the reading was 76.10. However, data at the time of writing showed that the reading had slipped below 70.00, indicating that bullish dominance was waning. 

Should the indicator reading continue to fall, then UNI’s price could drop below $11. However, if bullish momentum remains, the token could evade a notable correction.

Uniswap (UNI) Price Analysis – Moving Average Convergence Divergence

Indications from the Moving Average Convergence Divergence (MACD) showed that UNI’s momentum remained bullish. This was because the MACD reading was positive. Furthermore, the 12 EMA (blue) was above the 26 EMA (orange), indicating that buyer dominance was present.

However, the 26 EMA was rising as well, suggesting that sellers are not giving up on taking back the control baton for UNI. For now, the momentum could remain bullish. But if the longer EMA hits the same level as the shorter one, UNI could slowly decrease from the highs.

Uniswap (UNI) Price Prediction 2024

UNI’s price looks set to hit a higher value before the end of 2024. Coin Edition observed this after examining the price on the weekly chart. On the chart, UNI went through a depression phase between May 2022 and January 2024.

At that time, the price of the token changed hands between $4.04 and $8.64. However,  a breakout of this phase seemed to have occurred as the price continued to aim for higher value since February.

Furthermore, the Chaikin Money Flow (CMF) surpassed the neutral area, indicating a good level of capital was flowing into UNI. Also, the Accumulation/Distribution (A/D) indicates increasing buying pressure.

In addition, the Fibonacci indicator identified $11.22 (0.382 Fib) as support for the token. As such, UNI’s price might go higher. From the look of things, the cryptocurrency might pump into the 1.618 golden ratio which was at $31.88, and this could be the target in 2024.

Uniswap (UNI) Price Prediction – Resistance and Support Levels 

To check the resistance and support levels for UNI, Coin Edition went back to the 4-hour chart. On the chart, we spotted support at $9.11. Then, there was resistance at $10.01 which bulls have flipped, and assisted UNI’s price in hitting $11.77 at some point.

However, another resistance appeared at $11.55. A close above this resistance could send UNI higher. But if bears reject the upswing, UNI could drop to $9.

Uniswap (UNI) Price Prediction 2025

Something that has helped UNI’s price is the changes it made to the fees on the protocol. As a result of this, demand for the token has been increasing. In 2025, this could trigger a higher price as activity on the protocol might also jump. Thus, UNI might hit $58.90 in 2025.

Uniswap (UNI) Price Prediction 2026

UNI might experience a decline in price in 2026 as a lot of liquidity could be taken out of the market. Given that the selling pressure could be intense, UNI might drop to $43.82.

Uniswap (UNI) Price Prediction 2027

The price of UNI might continue to decrease in 2027. This is because the broader crypto ecosystem could be in a bear phase. As such, prices of altcoins could fall, and UNI could slip to $30.

Uniswap (UNI) Price Prediction 2028

UNI’s price is expected to hit a higher price in 2028. By that time, the dominance of ETH could be more than Bitcoin. As such, cryptocurrencies linked to the Ethereum blockchain could increase. From our projection, UNI could hit $73.44 in 2028.

Uniswap (UNI) Price Prediction 2029

Another altcoin season is expected to happen in 2029. Due to the benefits of the season, UNI could experience a surge in network growth and active addresses. As such, the price of the token could be three digits and hit $113.61 in 2029.

Uniswap (UNI) Price Prediction 2030

The price of UNI might continue to increase in 2030. This is because the use cases of the Uniswap protocol might have expanded beyond trading tokens alone. By our price prediction model, UNI could trade at $150.

Uniswap (UNI) Price Prediction 2040

UNI’s bullish momentum might slow down in 2040. However, that does not mean that the price of the token would not increase. However, the value might not double from the highs of 2040. Thus, UNI could change hands at $223 in 2040.

Uniswap (UNI) Price Prediction 2050

By 2050, the price of UNI could be more than 2x the price in 2040. By that period, Uniswap could be leading the trading volume of other decentralized exchanges by billions of dollars. Therefore, UNI’s price could be worth $475.13

Conclusion

As it has done in the past, Uniswap, as well as UNI, might continue to remain relevant in the market due to its solid use case. However, in a bear market, the price of the token might plunge as holders might take profit and withdraw liquidity out of the market. But going forward, UNI’s price could be higher especially as the crypto market cap is expected to hit $10 trillion at some point.

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