UniSwap’s (UNI) Price Predicted to Plunge Amidst Tough Market Conditions

When FTX collapsed, UniSwap (UNI) was among the few cryptocurrencies expected to perform positively. However, that didn’t happen. While the lawsuits involving Binance and Coinbase were supposed to attract more users to this altcoin, that excitement quickly faded. This industry-leading altcoin’s price could fall to as low as $3.75. But why? UniSwap (UNI) UniSwap’s (UNI) price experienced a rapid 12% increase last week as worried investors flocked to the leading DEX while the prominent CEXs grappled with lawsuits. One week later, the UNI price dropped by approximately 3% as it couldn’t overcome the critical $5 resistance. Although UniSwap is the largest decentralized exchange globally, rivals like PancakeSwap and Balancer have made significant inroads into its market share in recent weeks. According to data provided by Glassnode, UNI is struggling to attract new users this week. The chart below shows a decrease in new addresses created on the Uniswap network since […] The post UniSwap’s (UNI) Price Predicted to Plunge Amidst Tough Market Conditions appeared first on COINTURK NEWS.