Uniswap, (UNI), is showing signs that it will break through amid a general market recovery. CoinGecko’s Uniswap data On the chart for the day, UNI is up by 10.7%. Over the last week it has risen 15.2%. The asset’s monthly chart still shows a 17.6% decline despite the sudden rebound. Standard Chartered has a positive outlook for Uniswap (UNI). The bank expects this asset to surpass the $100 threshold by the year 2020. Why?
Standard Chartered predicts $100 for Uniswap – Why?
Geoff Kendrick from Standard Chartered says that tokenized RWAs and DeFi will be on the rise. Uniswap has established itself as a leading choice in tokenization. BlackRock, one of the largest asset managers in the world, has entered the DeFi market earlier this year. launch BUIDL tokenized US Treasury Fund on Uniswap through Securitize
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Kendrick predicts that Uniswap will reach the $100 price mark by 2030. That’s a jump of 3384% over current levels. By the end of the year 2026, the analyst expects the asset will reach its maximum possible price of $6.50. The analyst expects the asset to reach a maximum price of $6.50 by 2026.
Risques To Be Wary Of
Investing in cryptocurrencies is a risky business, even though Standard Chartered has a bullish outlook. Market volatility is high and the market remains weak. Recent market gains were likely due to the recent peace agreement between Iran and the US, and also the opening of Strait Of Hormuz. As oil prices fall, many expect inflation to slow down.
The price of cryptocurrency is volatile and can drop steeply at any time. Uniswap is now down 93% compared to its high in 2021 of $44.92. UNI could experience massive price swings until it reaches the $100 goal.
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Source: watcher.guru
