UNI cryptocurrency may fall by 50% in the near future

The value of the Uniswap cryptocurrency (UNI) may fall by 50% in the near future, as experts have pointed to signs of a long-lasting pullback. According to crypto analysts, despite the fact that the UNI token grew by about 80% in July and reached almost $ 9 (at the time of writing, Uniswap is trading at $ 8.39), its value may fall to $ 4.50 as early as September this year.

Interestingly, at the beginning of last week, Coinpedia experts included Uniswap in the list of the most promising digital assets. The UNI cryptocurrency, developed by the decentralized Uniswap exchange, was ranked second, receiving the title of the best long-term investment. At the end of June, Cointelegraph analyst Yashu Gola said that UNI would grow by 100% this year.

It is worth noting that despite various forecasts regarding the value of UNI, Uniswap developers are doing well and are one of the few who managed to hold their positions during market volatility. At the end of May, the decentralized cryptocurrency exchange Uniswap reported that the trading volume on the platform reached a record high and exceeded $ 1 trillion.