UNI’s future after Gnosis and Moonbeam launch

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uniswap (uni) price has exploded since the beginning of december. here are the next price targets

Uniswap UNI/USD is an Ethereum-based decentralized exchange. It features its own governance token known as the UNI token, which lets users participate in the decision-making process of how the platform gets run.

The platform was founded by Hayden Adams, who is a former engineer at Siemens, and the exchange began trading in 2018, whilst the token was launched in September 2022. 

The launch of Gnosis and Moonbeam as a catalyst for growth

Uniswap has kicked off 2022 with numerous developments. Just on April 15, 2022, we covered how they launched Swap Widget.

The Uniswap governance community ended up deciding that Uniswap should go live on two new chains.

These chains include Gnosis and Moonbeam. 

Two votes passed almost unanimously throughout the previous week, where 99.9% of votes were in favor of launching on each chain.

On May 23, 2022, Uniswap Labs made an official announcement that Uniswap would be deployed across both chains.

In terms of the numbers, 50.7 million UNI in favor of Moonbeam and 46.1 million UNI in favor of Gnosis. The 0.01% of votes or 3,080 UNI were against each launch.

This has the potential to boost the value of the UNI token going forward, so let’s go over how much.

Should you buy Uniswap (UNI)?

On May 24, 2022, Uniswap (UNI) had a value of $5.60.

uni usd 1

In order for us to get a better perspective as to what kind of value this is for the cryptocurrency, we will be going over its all-time high point of value, as well as its performance throughout the previous month.

The all-time high point of value of Uniswap (UNI) was on May 3, 2021, when the token reached a value of ​​$44.92.

When we take a look at the performance of the token throughout the previous month, Uniswap (UNI) had its highest point of value on April 4 at $12.09, while its lowest was on April 30 at $7.39.

Here, we can see that the token decreased in value by $4.7 or by 39%. However, at $5.60, UNI is a solid buy, as with these launches, the token can reach a value of $9 by the end of June 2022.

The post UNI’s future after Gnosis and Moonbeam launch appeared first on Invezz.

from Market Analysis – Invezz

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