- December 22, 2020
- Posted by: virtualxstore
- Category: trading
What is Uniswap?
UNI is the native token of Uniswap, the popular decentralized trading protocol, known for its role in facilitating automated trading of decentralized finance DeFi tokens.
It aims to keep token trading automated and completely open to anyone who holds tokens, while improving the efficiency of trading versus that on traditional exchanges.
Uniswap creates more efficiency by solving liquidity issues with automated solutions, avoiding the problems which plagued the first decentralized exchanges.
Since the launch of the ICO in September 2020, the coin found monthly support at $3.46 and has been holding that for the entirety of the months of November & December. Going into the start of the next year, if UNI can continue holding above $3.46 then it’s going to go up and retest it’s previous ATH .
I believe Uniswap is a great decentralized exchange and it’s native token UNI is looking very good, here are my targets long the way up to previous ATH: