Recently, why has $UNI been so weak, and when will there be a turning point to raise the coin price?
As the most iconic decentralized exchange in the Ethereum ecosystem, UNI has long maintained its position at the top of the DEX leaderboard thanks to its automated market maker mechanism, serving as a cornerstone for the development of the DeFi ecosystem. However, in recent times, the performance of the UNI price has been disappointing and has continued to weaken.
Qi Ge believes the reasons for this are as follows:
The UNI rewards distributed during the current Layer 2 mainnet ecosystem construction have triggered a large sell-off by holders, significantly increasing market selling pressure. At the same time, insufficient trading activity has also led to a lack of upward momentum for its price. Moreover, the long-term lack of practical empowering applications for UNI has become a focal point of concern for many investors.
However, as the bullish atmosphere in the crypto market intensifies, various projects are actively seeking breakthroughs. As an established star project, UNI is very likely to introduce significant positive news in the future to boost the coin price.
Currently, the position of $UNI has reached around 5.2, and spot can be built in batches. For specific operational ideas, pay attention to Qi Ge's stream 777!!!
