Uniswap Exchange announced it would start filling liquidity for test listing and begin test trading, causing its native token UNI to surge. If you are attracted to unique features and want to learn how and where to buy it, this guide is for you.
Top places to buy Uniswap now
As UNI is such a new asset, it’s yet to be listed on major exchanges. You can still purchase UNI using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy UNI right now, follow these steps:
1. Buy ETH on a regulated exchange or broker, like eToro ›
We suggest eToro because it’s one of the world’s leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It’s also beginner-friendly, and has more payment methods available to users than any other available service.
2. Send your ETH to a compatible wallet like Trust Wallet or MetaMask
You’ll need to create your wallet, grab your address, and send your coins there.
3. Connect your wallet to the Uniswap DEX
Head to Uniswap, and ‘connect’ your wallet to it.
4. You can now swap your ETH for UNI
Now that you’re connected, you’ll be able to swap for 100s of coins including UNI.
What is Uniswap?
It is a popular decentralized trading protocol, known for its role in facilitating automated trading of decentralized finance (DeFi) tokens.
An example of an automated market maker (AMM), Uniswap launched in November 2018, but has gained considerable popularity thanks to DeFi’s growing popularity and associated surge in token trading.
It aims to keep token trading automated and completely open to anyone who holds tokens, while improving the efficiency of trading versus that on traditional exchanges.
Uniswap creates more efficiency by solving liquidity issues with automated solutions, avoiding the problems which plagued the first decentralized exchanges.
Should I buy UNI today?
Considering how hard it is to come up with an accurate cryptocurrency prediction, you should never take any decisions affecting your finances before an in-depth market analysis. Don’t invest more than you can afford to lose.
UNI price prediction
Wallet Investor advises against investing in Uniswap. They predict its price will drop from its current level of around $9.81 to as little as $1.30 in just one year, equivalent to a loss of -87%.
If you invest $100 in UNI now, you might be left with $13 in a year. Of course, this is just one price prediction. Some analysts are bullish on it.
Uniswap on social media
⚠️#UNI‘s 12h chart is setup to nearly double as it has recently shown a BREAKOUT above its resisting trend line! $UNI is now on EXTREME ALERT as with this break, it is setup to climb over +78% to reach the target at $17.86 and we may be witnessing the beginning!#Uniswap pic.twitter.com/qorAALBd31
— JAVON MARKS (@javonnnm) February 27, 2022
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