Uniswap (UNI) Poised for Rally Post-Bitcoin Halving, Signals DeFi Boom
In Brief
Uniswap (UNI) could perform surprisingly strong after the next Bitcoin halving. Recent on-chain data suggests that UNI could play a leading role in a potentially upcoming DeFi season. A significant increase in exchange withdrawal and a negative MVRV ratio signal a potential rally for UNI. Moreover, the total assets locked in Uniswap have increased, indicating a regained trust from traders.
UNI: A Potential Market Leader After the Bitcoin Halving?
A recent event, in which a whale withdrew substantial amounts of UNI tokens from the Binance exchange, aroused the interest of market observers. This behaviour suggests that the whale does not plan to sell its UNI holdings in the near future, which can be interpreted as a bullish signal for the price of UNI. Despite previous uncertainties and a price drop due to legal concerns by the US SEC, UNI has experienced a value increase of 8.31% in the last seven days and is currently traded at $7.81.
DeFi Could Be in the Spotlight
The fact that the aforementioned whale also withdrew Compound (COMP) tokens from Binance suggests that not only UNI, but the entire DeFi sector could experience an appreciation. This contrasts with the last bull markets, in which DeFi was not the focus. However, the current developments could bring about a rethink in the perception and valuation of DeFi tokens.
UNI Regains Trust
Another positive indicator for UNI is the increase in total assets locked in Uniswap (TVL) by 138% in the last 30 days. This shows that trust in the protocol is being restored and more assets are being invested in the protocol. Should this trend continue, the price of UNI could approach its historical highs.
Our Assessment
Given recent developments and data, UNI could indeed become an unexpected frontrunner after the next Bitcoin halving. The signs of an impending DeFi season, coupled with regained trust in Uniswap, provide positive signals for investors. While the market always remains unpredictable, the current trends offer an interesting perspective for those who are invested or plan to invest in DeFi and specifically in UNI.
Sources: AMBCrypto, DeFiLlama, Santiment
The 3 best cryptocasinos
| Wagering requirements | 40x bonus |
| 40x free spins winnings | |
| Minimum deposit | 20 USDT or equivalent |
| Maximum bet | 2 USDT |
| Bonus validity | 30 days to claim |
| 14 days to wager |
- Max bonus: 1 BTC • 150 BCH • 17 ETH • 333 LTC • 600,000 DOGE • 30,000 USDT • 42,857 XRP • 428,571 TRX • 100,000 ADA • 125 BNB • 30,000 BUSD • 30,000 USDC
- Maximum bet per round: 0.000066 BTC • 0.01 BCH • 0.0011 ETH • 0.02 LTC • 40 DOGE • 2 USDT • 2.8 XRP • 25 TRX • 6.6 ADA • 0.008 BNB • 2 BUSD • 2 USDC • 3 CAD
- Free spins are credited on “Max Miner” by Gamebeat.
| Wagering requirements | 40x bonus |
| Minimum deposit | 0,1 mBTC |
| Maximum bet | $5 per spin |
| Bonus validity | 7 days to wager |
- Max bonus amount: 1 BTC/10 ETH/10,000 USDT/10,000 USDC/100 BCH/200,000 TRX/35,000 ADA/150 LTC/125,000 DOGE
- There is no cap on winnings or withdrawals.
| Wagering requirements | 35x bonus |
| 35x free spins winnings | |
| Minimum deposit | €20 |
| Maximum bet | €5 |
| Bonus validity | 14 days for deposit bonus |
| 7 days for free spins |
- This bonus has no limit.
- 10 Free Spins per day over ten (10) days on Gates of Olympus or Book of Ra Deluxe.
Advertising transparency