Altcoin dominance is increasing. This will affect UNI price action.
Target: 160 by mid-December
Broader long-term view: As regulation gets tighter around crypto and as ETH switches to POS, UNI will become one of the dominant exchanges on the world's leading programmable blockchain. Strong positive trend of growing liquidity on uniswap. As of October 21, 3.4B of liquidity is provided on uniswap.
As people learn more about DeFi, DAOs, and Governance tokens, this will be reflected in uniswap's price.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.