Uniswap UNI/USD is a decentralized exchange (DEX) that enables users to essentially trade cryptocurrencies on it.
UNI is the native cryptocurrency token that is consistently used by the Uniswap platform, and anyone is given the opportunity to earn UNI through it.
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The Uniswap Crypto Ventures Wing formation as a catalyst for growth
We covered how Uniswap (UNI) aided Ukraine crypto donations through a new interface on March 2.
The company that created Uniswap, specifically, Uniswap Labs, launched a venture wing as a means of investing in projects across Web 3.
This information came from an official announcement published on April 11, 2022, where Uniswap Labs claimed that its goal is to unlock universal ownership and exchange for everyone.
The main goal of the Uniswap Labs Ventures initiative is to invest in teams at different stages as well as levels of the Web3 stack, from infrastructure to developer tools as well as consumer-facing applications.
They will also focus on investing in projects which are also closely aligned with their values, such as long-term building, open collaboration with communities, and an emphasis on users.
Should you buy Uniswap (UNI)?
On April 12, 2022, Uniswap (UNI) had a value of $9.34.
In order for us to get a better perspective as to what kind of value point this represents for the UNI token, we will be going over the token’s all-time high point of value, alongside the performance that the token showcased throughout the previous month.
When we take a look at the all-time high point of value for the Uniswap (UNI) token, we can see that it achieved a value of $44.92 on May 3, 2021. This means that the token was $35.58 higher in value or by 381%.
With that in mind, when we take a look at the performance of the token showcased throughout the previous month, Uniswap (UNI) had its lowest point of value on March 15, with a value of $8.19.
Its highest point was on March 31, when the token reached a value of $12.32. This marked an increase in value of $4.13 or by 50%.
With all of this taken into consideration, we can expect the value of the UNI token to increase in value to $13 by the end of April 2022.
Where to buy right now
To invest simply and easily, users need a low-fee broker with a track record of reliability. The following brokers are highly rated, recognised worldwide, and safe to use:
- Etoro, trusted by over 13m users worldwide. Register here >
- bitFlyer, simple, easy to use and regulated. Register here >
*Cryptoasset investing is unregulated in some EU countries and the UK. No consumer protection. Your capital is at risk.
Source: https://invezz.com/news/2022/04/12/unis-growth-in-value-after-uniswap-labss-venture-wing/