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Cryptocurrencies:  7,545Markets:  31,643Market Cap:  $390,880,805,47524h Vol:  $91,591,819,420BTC Dominance:  62.4%
Market Cap:  $390,880,805,47524h Vol:  $91,591,819,420BTC Dominance:  62.4%Cryptocurrencies:  7,545Markets:  31,643

Trader Claims Uniswap’s UNI Will Plunge to $2.00 Prior to Platform’s V3 Launch

Trader Claims Uniswap’s UNI Will Plunge to $2.00 Prior to Platform’s V3 Launch

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Trader Claims Uniswap’s UNI Will Plunge to $2.00 Prior to Platform’s V3 Launch

NewsBTC1 week ago
Published on October 18, 2020 01:00 GMT+0edited on October 18, 2020 04:31 GMT+0

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Uniswap’s UNI token has been struggling to garner any sustainable upwards momentum over the past few days and weeks, with each rally being met with massive inflows of selling pressure that force its price lower.

There are no immediate catalysts for it to see any significant upside, as it will still be quite some time before any governance proposal is put forward and passed to distribute fees to holders, and there’s no definitive date for when V3 of the platform will be released.

Until either of these two events take place, it remains unclear as to when the cryptocurrency will be able to see any sustained upwards momentum.

One narrative that could bolster the cryptocurrency in the future is the regulatory clampdown and series of hacks seen by centralized exchanges as of late.