Can Uniswap Price Reach $10 by Q4 2024?




Uniswap (UNI), one of the leading decentralized protocols, has seen an impressive rise in its price recently. Known for its ability to facilitate large trading volumes using smart contracts, Uniswap has attracted significant attention. Let’s dive into the factors behind its latest performance and where the price could be headed.

Uniswap’s Recent Performance



  • UNI gained 4.16% within 24 hours, pushing its price to $7.60 as per Coinpedia Markets data.
  • Trading volume surged by 22.13%, reaching $156 million.
  • A volume-to-market ratio of 3.5% highlights potential as a solid investment.

Bullish Technical Indicators for UNI

  • Uniswap recently broke out of an ascending triangle pattern, signaling accumulation from large investors.
  • A price surge of over 10% occurred after the breakout, although recent gains settled at 4%.
  • The MACD turned bullish, with histogram bars indicating positive momentum.
  • RSI showed UNI as overbought but with room for further gains before a reversal.

These factors point to a bullish outlook, with a potential target of $10 by Q4 2024, offering a 36% increase from its current price.

Growth in Layer 2 Trading and v4 Update


  • Monthly Layer 2 (L2) trading volume on Uniswap nearly tripled compared to last year, reflecting growing interest.
  • Uniswap’s upcoming v4 update will introduce “Hooks,” allowing liquidity pools to set specific requirements.
  • This new feature could add useful functionalities but may also raise concerns, like the introduction of a “KYC” hook, limiting access to verified wallets.

Grayscale’s Positive Outlook for UNI

  • Grayscale recently included UNI in its list of promising cryptocurrencies for Q4 2024.
  • UNI stands alongside other assets like Sui Network (SUI) and Optimism (OP), while tokens like Render (RENDER) were removed from the list.

Is UNI Poised for More Gains?

With increasing trading volumes, a bullish technical setup, and strong market positioning, Uniswap appears ready for further gains. The combination of external factors like L2 growth and Grayscale’s positive outlook supports a potential upward trend for UNI in Q4 2024. Readers can explore more detailed price predictions to get an in-depth view of Uniswap’s future.

Uniswap Price Prediction 

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