UNI is a prominent DeFi Token that has surged over 20% in the past 24 hours, attracting significant attention from the cryptocurrency market.
The recovery of the DeFi market, the strong increase in whale ownership, and positive expert opinions have fueled UNI's rapid rise in recent times.
MAIN CONTENT
UNI has increased by over 20% in 24 hours thanks to the resurgence of the DeFi market.
Whales have increased their UNI holdings by nearly 68%, reinforcing confidence in this Token.
Experts predict that UNI could triple in value if the positive trend continues.
Why has UNI surged strongly today?
Market data shows that UNI has increased from about 7.65 USD to nearly 11 USD in 24 hours, before stabilizing at 10.78 USD. Additionally, trading volume exceeded 1.5 billion USD, making UNI one of the best-performing Tokens in the past week.
The strong recovery of the DeFi market is seen as the main driver for UNI's explosion. As capital flows back into reputable DeFi platforms, Uniswap – the largest decentralized exchange – is the biggest beneficiary.
What role do whales play in this price surge?
The strong buying of UNI by large investors (whales) is a key factor driving the price up. Recent monthly data shows that the amount of UNI held by whales has increased by up to 68%, reflecting strong confidence from major institutions.
“The increase in whale ownership demonstrates positive signals and creates new appeal for the market.”
Tran Viet Anh, CEO of Blockchain Investment Fund, 6/2024
Additionally, the total value locked (TVL) on Uniswap has surpassed 5.71 billion USD, indicating that the platform is not only attracting capital inflow but also solidifying its position in DeFi.
Not only whales, but individual investors are also showing increased interest. Open interest in the UNI futures market has surged by 26.5%, demonstrating rising demand and positive sentiment in the market.
What do experts forecast regarding UNI's profitability potential?
Opinions from Yi Lihua, founder of LD Capital, indicate that UNI has the potential to triple compared to its previous peak if the upward trend of Ethereum continues. This view is based on the growing appeal of Uniswap in the cryptocurrency ecosystem.
“UNI could become one of the most attractive leveraged investment channels if Ethereum maintains its upward trend.”
Yi Lihua, Founder of LD Capital, 5/2024
Analyzing the current price movements of UNI and the next outlook
Recently, UNI has surpassed important resistance levels, triggering a new wave of buying in the market. Although there may be some corrections or sideways movements for stabilization, the upward trend still prevails.
Experts set the next price target for UNI around 14.45 USD, and it could even rise to 20 USD if the DeFi market continues to boom. The biggest challenge currently is to maintain above the psychological threshold of 11 USD and keep the upward momentum to 12 USD.
Frequently Asked Questions
What is UNI and how does it relate to the DeFi market?
UNI is a Token of Uniswap, the largest decentralized exchange, playing a crucial role in the DeFi ecosystem with instant and secure liquidity trading capabilities.
Why have whales been buying UNI heavily recently?
Whales are increasing their UNI holdings due to confidence in the DeFi recovery and the growth potential of Uniswap, as reflected in the TVL data and active trading.
What are the risks of investing in UNI currently?
Risks include strong price volatility due to the unstable cryptocurrency market and the possibility of price corrections after sharp increases; investors should manage risk carefully.
How much can UNI's price increase in the near future?
Experts predict that UNI could increase by up to 3 times compared to its previous peak if the positive trends of Ethereum and DeFi continue, approaching 20 USD.
How to effectively track UNI's developments?
It is advisable to monitor on-chain reports, TVL data, transaction volumes, and whale activity through reputable cryptocurrency analysis platforms.
Source: https://tintucbitcoin.com/uniswap-uni-token-tang-gia-hom-nay/
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