Have you decided to take part in the campaign? You can buy Uniswap (UNI) on Coinbase and eToro.
As one of the first decentralized financial applications (DeFi) on the Ethereum platform, Uniswap is an automated market maker (AMM) that keeps automated token trading open for anyone with tokens while offering more efficiency and better liquidity than many centralized exchanges.
What is Uniswap?
Uniswap is an automated liquidity protocol used for trading ERC-20 tokens on Ethereum. Each liquidity pool is defined by a smart contract with a few functions that enable trading in crypto.
UNI is Uniswap’s governance token. It gives holders the privilege to vote on protocol changes. Uniswap users can also become liquidity pool providers, giving them rewards while enabling peer-to-peer trading.
UNI market position
Uniswap ranks 11th on CoinMarketCap with a price of around $ 25 and a market capitalization of over $ 15 billion. Its fully diluted market cap is over $ 25 billion, so there’s plenty of room for growth here.
Why should you care about market capitalization? Because it is the key to determining the value of a coin or token. Market capitalization represents the total value of all coins already mined and is calculated by multiplying the total number of tokens in circulation by the current value of each token. A fully diluted market capitalization is the value of the total supply of tokens multiplied by the price per token.
You should keep this in mind when considering an investment, as coins with a market cap of $ 10 billion or more are considered less volatile. Coins with a market cap between $ 1 billion and $ 10 billion are more volatile, but they also have more growth potential.
Josh Enomotos Bull Case for Uniswap
Former Sony Electronics business analyst Josh Enomoto lists UNI as one of his altcoins to watch out for.
Enomoto believes that Uniswap’s focus on automated trading through DeFi applications, along with relatively stable volume trends, suggests that “additional support could push UNI to new levels”.
Robert Kiyosaki’s bear case for Uniswap
Although Uniswap is one of the most popular decentralized exchanges out there, there are still those who fear that the market as a whole is headed for a crash. Financial expert and author Robert Kiyosaki has warned his followers to prepare for “the greatest crash in history”.
Kiyosaki urges fans to stock up on gold, silver, Bitcoin and Ethereum before the crash occurs. He is also concerned that China’s ban could be mirrored in the United States, leading to Bitcoin being outlawed.
However, it is true that this advice is not specific to Uniswap. As for bitcoin, it tends to have a trickle down effect on altcoins. If one cryptocurrency is banned, it stands to reason that the rest will be ostracized as well. That being said, trying to ban cryptocurrencies isn’t easy. If a crash does occur, it may be more of an opportunity than a hardship.
Where can you get UNI. to buy
You can buy Uniswap tokens on multiple exchanges, including Coinbase and eToro. Coinbase is the largest exchange in the United States. It is perfect for beginners, but also offers many functions for experienced cryptocurrencies. Coinbase is considered extremely secure.
eToro is another great option and has a unique feature called CopyTrader. This way you can follow popular traders and mirror their trades in real time.
Commissions
Accountant
$ 0
1 minute review
Coinbase is one of the largest trading platforms for cryptocurrencies on the Internet. From Bitcoin to Litecoin or Basic Attention Token to Chainlink, Coinbase makes it exceptionally easy to buy and sell large cryptocurrency pairs.
You can even earn cryptocurrency rewards through Coinbase’s unique Coinbase Earn feature. More advanced traders will love the Coinbase Pro platform, which has more order types and advanced features.
While Coinbase doesn’t offer the cheapest prices or the lowest fees, its simple platform is easy enough for absolute beginners to master with just a single trade.
Best for
- New cryptocurrency traders
- Cryptocurrency traders interested in important pairs
- Cryptocurrency traders interested in a simple platform
benefits
- Simple platform is easy to use
- Comprehensive mobile app reflects the desktop functionality
- The Coinbase Earn feature rewards you with crypto as you learn more about available coins
disadvantage
- Higher fees than competitors
Commissions
Accountant
$ 50 for the US and Australia; $ 200 everywhere else
1 minute review
eToro, headquartered in Cyprus, England and Israel, has been offering forex products and other CFD derivatives for retail clients since 2007. A key asset to eToro is its social trading activities, including OpenBook which allows new clients to copy trading with the platform’s top performers. Its social trading features are top notch, but eToro is losing points due to the lack of tradable currency pairs and disappointing research and customer service features
Best for
- US-based cryptocurrency traders
- Social and Copy Traders
- Simple user interface
- Community engagement and tracking of other traders
benefits
- 25 cryptocurrencies
- Extensive network of social trading functions
- Large customer base for new traders to follow suit
disadvantage
- US traders can only buy cryptocurrency
Commissions
FOR FREE
Accountant
$ 10.00
1 minute review
Voyager is a leading name in cryptocurrency investing, giving you access to over 50 tokens and coins. Buy, sell, and exchange assets using Voyager Crypto’s simple mobile platform, available as a free download for iOS and Android users.
When you invest through Voyager, you don’t pay any commissions, which is a huge advantage when compared to other cryptocurrency brokers. Voyager is also one of the few brokers we’ve seen that allow users to earn interest on their crypto investments.
Although the broker could do more to improve their customer service, it is an excellent option for beginners and seasoned professionals alike.
Best for
- Cryptocurrency investors looking for a wide variety of supported projects.
- Investors who prefer mobile trading.
- Anyone interested in earning interest on their crypto investments.
benefits
- Simple, straightforward and intuitive mobile platform
- Rich in investment opportunities
- Allows users to earn interest on selected crypto investments
disadvantage
- Available for mobile users only – no desktop platform
- Limited ways to contact the customer service team
How long will it take for UNI to reach US $ 100?
While the decentralized exchange (DEX) originally opened with its 1st version in 2018, it took another 2 years for UNI to hit the market at $ 3. The price has risen (and fallen) rapidly since then, and many experts believe it could hit $ 100 within 6 years. Because it is difficult to predict prices, experts’ expectations for Uniswap vary.
Some experts predict that UNI will cross the $ 100 mark by 2025. Others believe it will average $ 100 by the end of 2023. Whatever price prediction you’re looking to track, the consensus is that Uniswap will go up. All you have to do is hold it and wait.
Where can you keep UNI safely
Most people “in the know” recommend keeping your cryptocurrencies in a wallet, not an exchange, unless you are trading or making other transactions. This is because crypto is more secure in a wallet, especially wallets that are not connected to the internet. Exchanges are always online and as such can be hacked or experience glitches and shutdowns that affect your ability to access your cryptocurrency.
You can choose between hardware wallets or software wallets. Often times, people use both. Here are 2 of the best options available.
Best for
Crypto enthusiasts
Best hardware wallet: Trezor
Trezor supports over 1,700 coins and tokens. Both the Trezor One and Trezor Model T support Uniswap so you can choose the one that best suits your needs.
Trezor Model T is the premium choice with its full-color touchscreen and some other nice features, but both are safe and offer top-notch support.
Best software wallet: ZenGo
ZenGo is a uniquely secure software wallet because it is keyless. However, this does not mean that your wallet can be accessed by everyone. Instead, it means accessing your wallet through facial biometrics.
It couldn’t be safer!
BZ
Bonus section:
The SEC has taken a closer look at Uniswap as well as many other DEXs, so keep an eye on developments.
Current crypto prices
Cryptocurrency prices are volatile and constantly changing. Even the most bullish crypto will have its ups and downs. It’s important to be aware of this so that you don’t panic if you drop. Check out the real-time prices of the top cryptocurrencies in our table below.
So is Uniswap a good investment?
Uniswap has an excellent reputation and most experts seem to agree that it is a good investment. You have to decide for yourself how good it is. Remember to do a thorough research of each investment and never invest more than you can afford to lose.
Benzinga has developed a specific methodology to rank cryptocurrency exchanges and tools. We prioritized platforms based on offers, prices and promotions, customer service, mobile app, user experience and benefits, and security. To see a full breakdown of our methodology, please visit our cryptocurrency methodology page.
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