Cryptocurrency Uniswap is predicted to grow 100% this year

According to Cointelegraph analyst Yashu Gola, the price of Uniswap (UNI) could double. Gola believes that in order to start its growth, UNI must overcome a key technical resistance level in the near future. Otherwise, Uniswap will see a 45% drop in price.

A sharp rise in value is not new for UNI — in April 2021, the cryptocurrency grew by more than 7000% from its initial price since its launch in September 2020 (from $ 0.419 to $ 43). At the same time, in 2020, to draw attention to the new token, the project team distributed tokens for free to everyone who managed to apply. Currently, due to the market downturn, Uniswap’s price is $ 5.04.

However, the Uniswap developers are doing well and are one of the few who managed to hold their positions during the 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.