Uniswap increased 75%

[Little Mouse]

Over the past few weeks, I think I have been bored of hearing uniswap here and there and it seems like it has been a trend among the community. I just have noticed through coinbase it has increased 75%. What has happened actually?

[disconnectme]

Uniswap is one of the leader in the DEFI space and I believe people are going to value that in, if Sushi hit $12 before the dump then expect Uniswap to hit at least $10 in coming days, there are a lot of whales acquiring this and I think people a lot people see the free money and quickly dump and now regretting selling early and looking to buy back and these is pushing the price up he more.

[optimisticcm]

Recently, it is trending mainly because of the launch of their token called UNI and it has really shaken the market up.
UNI has been offered to regular uniswap platform users for free in the quantity of 400 UNI per wallet which has made people crazy because it is almost worth $2000 of free money and icing on the cake is that the price of UNI tokens is continuously growing and does not seem to stop anytime soon.

[Jackl87]

Every big exchang tries to list Uni now to get a share of the big trading volume that it creates.
In the end every exchange wants to make money.
I have the feeling that we could be at the hight of the fomo right now. Price was already over 8 $ and now it is at 6,25$.
It will be interesting to see at which price lvl uni will stabilize.

[BitcoinPanther]

Over the past few weeks, I think I have been bored of hearing uniswap here and there and it seems like it has been a trend among the community. I just have noticed through coinbase it has increased 75%. What has happened actually?

 

Uniswap with the current trend is a hot exchange due to it being popular with DeFi trading.  It gain a lot of advertisement and promotion which caters lots of attention from traders.  It is normal for the exchange to have an increase of 75% due to this reasons.

[target]

You wouldn't be so bored if you got some UNI to claim with your ETH wallet. It got to be the biggest giveaway so far this 2020. This is sort of an airdropped to those users who had once tried the Uniswap exchange before Sept 1. If you did so you can claim yours.

People had just new they can earn more out of the airdropped they got by providing liquidity to the pairs in the DEX so every body's doing so.

Every big exchang tries to list Uni now to get a share of the big trading volume that it creates.
In the end every exchange wants to make money.
I have the feeling that we could be at the hight of the fomo right now. Price was already over 8 $ and now it is at 6,25$.
It will be interesting to see at which price lvl uni will stabilize.

If the trend continues up to 2021, the price could be at least $30+. I read on one of the telegram chat.

[Gvent]

Over the past few weeks, I think I have been bored of hearing uniswap here and there and it seems like it has been a trend among the community. I just have noticed through coinbase it has increased 75%. What has happened actually?

is it necessary to pump tokens for some reason?
someone decided to make good money, so they pour huge funds into the purchase of UNI tokens
as soon as the price rises to the desired level tokens will be sold off

[akram143]

Over the past few weeks, I think I have been bored of hearing uniswap here and there and it seems like it has been a trend among the community. I just have noticed through coinbase it has increased 75%. What has happened actually?

Just over night, because this token launched jut recently and listed on most of the reputed exchange which made the prices to increase a lot, probably it will increase more in the short term.

[bayu7adi]

I have the feeling that we could be at the hight of the fomo right now. Price was already over 8 $ and now it is at 6,25$.
It will be interesting to see at which price lvl uni will stabilize.

The hype about DeFi, as well as the existence of UniSwap which is the center of the DeFi token, has made UNI tokens experience a rapid price increase. This coin model will only follow market trends in the short term. Going up like a jet, going down like a thunderbolt.
With a total of 1 billion tokens, it is likely that this coin will stabilize in the 1 USD - 4 USD price range.

[shakesbear]

Uniswap distributed most of the tokens to users, and the funds were able to buy only a part with a long lock, I think now whales are buying Uni.

[rhomelmabini]

They may get UNI or something in an airdrop but that wouldn't change the fact that they got higher gas fees now that people experiencing over on one trade and there's no denying in it. If gas fees wouldn't be reduced or they have no solution over it then expect it's just a matter of time before they no longer be the Uniswap that's exciting to hear as before.

Here's just a recent article about it: https://hackernoon.com/the-surging-eth-gas-fees-could-dethrone-uniswap-but-what-are-the-alternative-v6393wbj

[Ridwan Fauzi]

Over the past few weeks, I think I have been bored of hearing uniswap here and there and it seems like it has been a trend among the community. I just have noticed through coinbase it has increased 75%. What has happened actually?

This will happen also to the coin who just release and get a chance to be traded on the popular exchange. I see UNI token has been listed as well in binance exchange and yeah its price movement is really crazy. I can't expect how they pump it, in a few times a go its price just in $3-$4 but now is traded in $6 range, how crazy it is?

[rexxarofmoknathal]

Over the past few weeks, I think I have been bored of hearing uniswap here and there and it seems like it has been a trend among the community. I just have noticed through coinbase it has increased 75%. What has happened actually?

DeFi is what happened. Uniswap has been the place for nearly all DeFi launched tokens and on top of that with the staking reward system that they provide there really isn't surprising how it managed to go beyond doubling in value

[bitmover]

Uniswap is one of the leader in the DEFI space and I believe people are going to value that in, if Sushi hit $12 before the dump then expect Uniswap to hit at least $10 in coming days, there are a lot of whales acquiring this and I think people a lot people see the free money and quickly dump and now regretting selling early and looking to buy back and these is pushing the price up he more.

I fear all those DeFi projects.
I think this is just a buble like the ico crazy in 2017... I would stay away...

Anything with the name DeFi in it is now pumping crazy

[Upgate]

Uniswap is a automated exchange maker for trading. An exchange that doesn't requires KYC for trading. You can easily swap token directly into your wallet without stress.
Majority of people that trading on uniswap before August 30 was rewarded by uniswap tokens of recent.
Uniswap is on high rise now, many project are beginning to have their token listed on it because of the it's unique trading nature.

[jossiel]

Over the past few weeks, I think I have been bored of hearing uniswap here and there and it seems like it has been a trend among the community. I just have noticed through coinbase it has increased 75%. What has happened actually?

Yeah, it's been trending after it was launched due to the Uni tokens that it has given to its eligible receivers. When something is trending, traders won't be that late to pump and buy it out of FOMO. Just like the yearn.finance, there's also a trend for this token.

I saw the launching price of it @$3 and later it was $7. Good for those who have kept it and they are ready to take profit. Don't be too greedy and wait until it goes on high as everything that goes up, must go down.

[bitbollo]

it was a bit that there was not a decent airdrop! congrats to anybody that was able to claim it.
DeFi is a term that contains a lot of projects. Some will collapse or goin directly to very low interest but some projects have a strong potential since create a sort of new product behind crypto currencies.
Isn't the same like ICO. During 2017 a lot of projects were launched in this innovative way for financing.
Some survive nowadays but mostly collapsed or touched very low value.  

[bitkanu]

Get in and get out as fast as possible. The hypetrain will slow down as the gas runs out.

It's too risky to shorting the UNI token as it has already traded at a very high price. It may possibly to get pumped even more but this coin is not yet getting any correction and just expect the correction will come very soon.
Last night there was a huge pullback from the $7 to the $5.5 and that could be the main reason why it's too risky to get into the token.

People should think for twice to do that too.

[AmoreJaz]

Get in and get out as fast as possible. The hypetrain will slow down as the gas runs out.

It's too risky to shorting the UNI token as it has already traded at a very high price. It may possibly to get pumped even more but this coin is not yet getting any correction and just expect the correction will come very soon.
Last night there was a huge pullback from the $7 to the $5.5 and that could be the main reason why it's too risky to get into the token.

People should think for twice to do that too.

i can say, this token is very risky than bitcoin right now. if you want to get in, exit as fast as you can if you are already in profit, dont aim for huge profits as it may not happen. the foundation of price is really not so solid. so the downfall is very imminent! what will happen if most users who got their UNI airdrop will sell? what will happen next?
 just think that once hype is over, where will they get their expensive price? if most of defi projects on their platform die, what's gonna be there? so think of possible scenarios and the repercussion to their platform.

[MCobian]

There are so many topics about the Uniswap project in the altcoin discussion section at the moment, and all the topics gave
positive responses against the Uniswap project. This proves that investment in Uniswap is very profitable, so I am not surprised
that Uniswap is able to increase by around 75%. With lots of positive news about the Uniswap project, it is creating a new trend
in the crypto community. Although the Uniswap project is very good, but always be careful investing in hype projects like Uniswap.
Because there must be a moment the price will drop, as happened to Chainlink after rising to $ 19, then the price dropped dramatically
to $ 10 now.