What is the price prediction for Uni in 2023? Is Uni a good long term investment? Is Uni a good buy? Can you earn interest on Uniswap?

What is the price prediction for Uni in 2023?

Is Uni a good long term investment?

Is Uni a good buy?

Can you earn interest on Uniswap?

Whale Interest in Uniswap: UNI Price Comments
Whale Interest to UNI

Uniswap (UNI) price had plummeted due to the SEC lawsuit FUD surrounding Binance and Coinbase and the recent negative. On-chain readings show a group of strategic whales buying the dip, which often indicates a price increase. The SEC's lawsuit against Binance and Coinbase in June 2023 caused a surge in the crypto markets.

However, Uniswap (UNI) quickly climbed to the top-earning lists after daily trading volumes soared above $800 million, as reported on two cryptocurrency news sites COINTURK and COINTURK NEWS. This volume increase was not a good signal for the market. Because it was orders from vendors that inflated the volume.

Additionally, despite the headwinds the popular altcoin is facing, a strategic cluster of whales has resisted. On-chain data says a group of crypto whales holding between 100,000 and 1 million UNI tokens bought the dip between August 13 and August 21. As the price melted by 25 percent, the whales increased their savings by 3.25 million UNI.

At the current price of $4.7, the whales seem to have made a total of $15.5 million in purchases. The fact that whales invested such a large amount during the price drop also demonstrates their belief in Uniswap's medium and long-term performance.

What is Uniswap?

Uniswap is a popular decentralized trading protocol known for its role in facilitating the automated trading of decentralized finance (DeFi) tokens.

Uniswap, an example of an automated market maker (AMM), was launched in November 2018, but has gained considerable popularity this year thanks to the DeFi phenomenon and the associated surge in token trading.

Uniswap aims to increase the efficiency of trading compared to traditional exchanges, while keeping token trading fully automated and open to anyone who owns the token.

Uniswap creates greater efficiency by solving liquidity problems with automated solutions and avoids the problems that plagued the first decentralized exchanges.

In September 2020, Uniswap went a step further by creating and rewarding past users of the protocol with its own management token UNI. This added both the potential for profitability and the ability to shape the future of users – an attractive aspect of decentralized assets.