Long UNI next week and beyond Last year, Uniswap proved that DeFi is the real deal, not just a nice theory.
The decentralized exchange now has liquidity in excess of $3 billion and this Monday the daily volume broke $1 billion.
While Uniswap is still miles away from centralized exchanges in terms of the number of users and daily volumes, we think they’ve made enormous progress and have great momentum.
CND token holders are also interested to know more about UNI, the exchange’s token.
So we’ve asked the following question on the Cindicator platform:
“The cryptocurrency Uniswap (UNI/BTC) settled at 0.00018744 BTC at 10:32 AM UTC at the binance exchange on Friday, January 15. In your opinion, will UNI/BTC trade above 0.00021556 BTC (+15.0%) at any time before January 24?”
-------------------------------------
Assurance: 71%
This suggests that Hybrid Intelligence is bullish on UNI, expecting it to outperform Bitcoin.
We’ve also asked Hybrid Intelligence directly about long-term prospects of UNI vs BNB, which could be viewed as a proxy for centralised exchanges:
“Will Uniswap token UNI exceed Binance BNB token in terms of market capitalization at any time in 2021? (results according to coinmarketcap.com)”
-------------------------------------
Assurance: 63%
This means Hybrid Intelligence sees a high probability of UNI’s market cap (now it’s $1.9 billion) exceeding that of BNB’s (currently $5.8 billion) this year. From the current level, this implies 3x gains so this offers a decent risk-reward profile even beyond next week.
And if you want to automate your crypto trading — check out Stoic, the link is below.
