Uniswap (UNI) is showing signs of a break out amid a market-wide recovery. CoinGecko’s Uniswap data shows that UNI’s price has risen by 10.7% in the daily charts and 15.2% over the previous week. Despite the sharp rebound, the asset is still down by 17.6% in the monthly charts. Uniswap’s (UNI) rally comes amid a bullish outlook from Standard Chartered. The bank anticipates the asset to breach the $100 mark by the end of the decade. Let’s discuss why.
Standard Chartered Predicts $100 For Uniswap: Why?
According to Standard Chartered’s Geoff Kendrick, we will experience a surge in tokenized real-world assets (RWAs) and DeFi. Uniswap (UNI) has already positioned itself as a top choice for tokenization. Even BlackRock, the world’s largest asset manager, entered the DeFi space earlier this year with the launch of BUIDL tokenized US Treasury fund on Uniswap via Securitize.
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Kendrick anticipates Uniswap (UNI) to hit the $100 mark by 2030, a rise of about 3384% from current price levels. The analyst further expects the asset to hit a potential maximum price of $6.50 by the end of 2026. Hitting $6,50 from current price levels will translate to a rally of about 126.4%.
Risks To Be Aware Of
While Standard Chartered’s projection for Uniswap (UNI) is quite bullish, you should take caution when investing in cryptocurrencies. The market is still quite weak and volatility remains high. The recent market upswing was likely due to a peace deal between the US and Iran and the opening of the Strait Of Hormuz. Many anticipate inflation to cool off as oil prices decline.
Cryptocurrencies are high-risk assets that face steep price dips periodically. Uniswap (UNI) is currently down by more than 93% from its May 2021 all-time high of $44.92. UNI’s price could see massive swings before hitting the $100 target.
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