UniSwap (UNI) Reviews for February 2023

Uniswap launches venture capital wing for Web3 investments. The firm says it has already invested in 11 companies and Web3 protocols such as Aave, MakerDAO, LayerZero and others, with plans to participate in the governance systems of some projects. Popular decentralized exchange (DEX) Uniswap has announced the formation of Uniswap Labs Ventures (ULV), a venture capital fund focused on investing in Web3 companies and projects. The firm will invest at any stage of development into various projects or technologies related to Web3, infrastructure, developer tools and consumer-facing applications as areas of interest, according to the announcement on Monday. The firm has already invested in 11 companies and Web3 protocols including decentralized money market Aave, the decentralized autonomous organization (DAO) behind the DAI stablecoin, MakerDAO and blockchain bridging protocol LayerZero. In the announcement, Uniswap expressed what it looked for in other projects it was interested in funding, but did not reveal any further projects it was planning on investing in.

Uniswap (UNI) has been holding above the 20-day EMA (24.55) for the past few days, which shows that bulls are trying to defend this support. However, the bears are in no mood to relent as they have not allowed the price to rise above the neckline. The buyers will have to push and close the price above the neckline to complete an inverse H&S pattern. This bullish reversal setup has a pattern target at $36.98 but the rally may not be linear as bears will try to defend the level at $31.41. The 20-day EMA is gradually rising and the RSI is just above the midpoint, suggesting that bulls have a slight edge. This advantage will be lost if the price breaks and closes below the 20-day EMA. In such a case, the UNI/USDT pair could drop to $22. This level may act as a support but if bears sink the price below it, the pair could extend the decline to $17.73. The 4-hour chart shows that the price has roughly been consolidating in a tight range between $24 and $26 for some time. Usually, such tight ranges result in the start of a directional move. If buyers drive and sustain the price above $26, the possibility of a break above the neckline increases. That could start the march toward the next overhead resistance at $30 and then to $31. On the other hand, if the price breaks below $24, the short-term trend may turn in favor of bears. The pair could then drop to $22.

Uniswap (UNI) broke and closed below the Sept. 7 intraday low at $21, suggesting that traders are rushing to the exit. The price is presently correcting inside a descending channel pattern. The 20-day EMA ($24.10) is sloping down and the RSI is below 41, indicating that bears have the upper hand. Any rebound from the current level is likely to face stiff resistance at the 20-day EMA. If the price turns down from this resistance, the UNI/USDT pair could drop to the support line of the channel. A break below $18 could open the doors for a possible decline to $13. This negative view will invalidate if the price breaks and closes above the descending channel. The pair could then gradually move up to $27.62.

Uniswap (UNI) rose above the downtrend line on July 30, invalidating the descending triangle pattern. This could result in a short squeeze as aggressive bears rush to cover their positions.If bulls drive the price above the $23.45 to $25 resistance zone, the UNI/USDT pair could rally to the stiff overhead resistance at $30. The moving averages have completed a bullish crossover and the RSI has risen into the positive territory, suggesting that bulls are in command. However, the bears may have other plans as they are likely to try to defend the overhead zone. If the price turns down from the zone but rebounds off the 20-day EMA ($19.25), it will suggest that traders are buying the dips. That will increase the possibility of a break above $25 and a rally to $30. Contrary to this assumption, if the price turns down and plummets below the moving averages, several aggressive bulls may get trapped. That may result in a drop to $17.24 and then to $13. The UNI/USDT pair could rise to $23.45 where the bulls may encounter stiff resistance from the bears. If the bulls do not give up much ground, it will suggest they anticipate a further rally. The upsloping moving averages and the RSI in the overbought zone also indicate that the sentiment favors a further rise. This positive view will be negated if the price turns down from the overhead resistance and breaks below the 20-EMA. Such a move will suggest that traders booked profits near $23.45 aggressively. That may result in a deeper pullback to the 50-SMA.

Long-awaited layer two scaling is finally being launched on Uniswap v3, albeit in a limited format initially. The long-awaited layer two scaling solutions upgrade for Uniswap has finally been spotted in the wild with the launch of version 3 on Optimistic Ethereum. In a post on July 13, the world’s most popular decentralized exchange stated that it was pleased to finally announce the alpha launch of Uniswap v3 on the Optimistic Ethereum (OΞ) mainnet. The alpha launch is a limited version of the full system which helps developers deploy the system gradually and address any issues that may arise.

With Uniswap’s TVL growing from $13.7 million to $8.5 billion since launching its v2 iteration, some onlookers believe the DEX’s v3 launch could spark the next DeFi rally. With the total value locked in decentralized finance on Ethereum now $89 billion, the market is eagerly waiting to see if the launch of UniSwap v3 could be the catalyst for DeFi’s next big bull run. Uniswap v3 promises advanced new features and opportunities for yield generation with its launch scheduled for May 5. Uniswap is emphasizing three new features for liquidity providers - customizable capital deployment across a markets’ entire price curve in the form of concentrated liquidity, tiered market maker fees offering boosted returns for volatile pairs subject to impermanent loss, and cheaper access to oracles for improved data integrity. The expected reduction in Ethereum’s fees due to the EIP-1559 upgrade come July is also expected to boost v3’s value proposition, and the latest version of Uniswap will also launch on Optimism after the layer-two rollups solution goes live. With its new concentrated liquidity feature promising users' unique and customizable yield products, a nascent DeFi sector specializing in tokenizing future yields appears poised to flourish. Emerging projects like Alchemix have recently enjoyed meteoric growth from the promise of tokenizing future yields, while the likes of Alchemist Coin are using Ampleforth’s V2 Geyser contracts to allow users to create nonfungible tokens representing claims to future Uniswap liquidity provider fees.

The most high-profile case of quick money in recent years has occurred with Uniswap users. In mid-September, she released her UNI tokens and distributed some of them to users. As a result, eight traders received from 95 thousand to 245 thousand coins. At the time of the asset's exchange rate, it ranged from $ 250,000 to $ 750,000. About 50 people received from 10,000 to 95,000 coins, that is, $ 25-250,000. In total, about 100,000 users won in different amounts. For example, according to one of the deals, an unknown trader withdrew 150 thousand UNI tokens worth about $ 430 thousand from the prize pool.The base prize was 400 UNI tokens, which at the rate at that time was approximately equal to $ 1000. This award was given to every trader who made at least one operation on Uniswap before September 1 of this year.

The release of Uniswap tokens helped not only traders make money. To receive a gift, users had to conduct a transaction. They were willing to pay $ 50 per transaction to collect the prize as soon as possible. As a result, the Ethereum miners, on whose blockchain Uniswap is running, earned a record $ 1 million in commissions in 1 hour.

In the wake of the hype around Uniswap, the little-known Unicorn token jumped from $ 0.0009 to $ 5.28. Users bought cryptocurrency for $ 5, although its real value was below a cent. The reason for this was the similarity in the name of the coin and the token of the popular Uniswap exchange. The situation that has arisen resembles the Pump & Dump of SushiSwap's "meme clones" - HOTDOG, PIZZA and KIMCHI, which took place in early September. In the case of Unicorn, extreme volatility originated in a project coin that has existed since August 2019. It is listed on the ProBit and CITEX exchanges, has the same as the native Uniswap token