đ Uniswap Price Prediction as UNI Reaches For The $10 Mark â Is $50 Possible?
đ Uniswap (UNI) Dips to $9.0
Uniswap (UNI) dropped to $9.0, down 10% from earlier session highs near $9.80, as broader market sell-offs hit cryptos. Bitcoin dipped below $67,000, and Ether fell to the $3,600s.
đ° Market Reaction
The drop may be a "sell-the-news" reaction to positive catalysts like the SEC's anticipated approval of spot Ethereum ETFs and the FIT21 bill passing the House.
đ Uniswap Price Prediction
$10 is a significant resistance level for UNI. Despite the dip, UNI could still rally higher, potentially reaching $17 later this year. The SECâs U-turn on Ethereum ETFs could positively impact Uniswap, reducing regulatory pressure.
đ Is $50 Possible?
Uniswap hit $45 during the 2021 meme coin mania. This cycle could surpass the last, with Bitcoin hitting new highs. A $50 target for UNI is possible, implying a market cap of just over $50 billion.
đ Uniswap Alternative: Dogeverse (DV)
Investors seeking bigger gains might consider the multi-chain meme coin Dogeverse. Currently in presale, it has raised over $15 million. Dogeverse aims to be the multi-chain equivalent of Dogecoin and is launching on six popular blockchains. The presale ends on June 3, with the official launch on June 5.
