While Bitcoin becomes highly volatile and drags all other cryptocurrency downtown, the uni token seems to be resistive of the lead crypto market activities. The bull run early January was the biggest as Bitcoin touched $41k which records it's all time high since the founding days of 2009. Ethereum had an after party during the early days of January, hitting $1k was a milestone reached. But on a rather historical playback, the bearish market was closer than it seemed, considering we are still in the early days of January, half way through the month, a Regressive Chart was acquired and up until now, there's still red marks everywhere, well not totally everywhere.
UniSwap
Uniswap is the world's largest decentralized exchange (dex) running on the Ethereum network. Uniswap allows users to trade cryptocurrency in an uncensored protocol. Uniswap is total resistance to any central authority and thereby bypasses any atom of fund seizing or bridge to how much of dollars you're pulling into the pool. Uniswap was Created by Hayden Adams in 2018, Uniswap enables traders to swap ETH or ERC-20 tokens on the platform without the need of any middlemen or third party. The former mechanical engineer at Siemens Hayden built the application running on the Ethereum network to help bypass centralized regulations and ease token swapping, creating passive income to liquidity providers. After receiving several grants as well as $100,000 from the Ethereum Foundation, Uniswap fully launched in November 2018.
Uni Token
Uniswap Protocol Token is a governance token that was launched early September, minting 1 billion tokens to circulate for the next four years. The Uniswap Protocol Token has shown great resistance, a highly firm price chart, stable formation, although people of course want a growing investment and not a rather stable or should I say stagnant one. Uni Token has been really resistive to attacks, yes the price may have dumped a bit but never below a dollar. While Bitcoin Ethereum and altcoins and tokens are experiencing a Regressive season, Uni Token is rather mooning.
Looking at the chart , we're seeing something similar to launching days of uniswap governance token. Just a few days back I was actually looking at how Uni Token is rather stagnant regardless of bulls and bears in the Crypto markets. No doubts, the Uniswap decentralized exchange (dex) plays a vital role in keeping the price non volatile but resistive and slightly stable. Ethereum was bullish for a few days before quickly retarding, the bounce back took on a few days trip, the price now is rather volatile because the next move is rather uncertain. While the curves and charts, markets and bears are leaving toxic sales and dumps thereby pulling the market downtrend, who is buying Uni and why?
Let's look at this, apparently we have a nice interaction in the Uni dex In the last 24hrs. $718.38m volume, $3.17b total provided liquidity, that makes it the largest in the world. Looking amongst the tokens list, we'd see Uni protocol token based at 8th position with a total liquidity of $ 60,553,311 and $25,798,661 volume.
Here we see three straight up greens that's if am not mistaken, from the last peak we see three running up ticks, the price from here may likely bull higher, if by chance Ethereum pumps again, that would just be enough to place Uni up above $10 and that would be crazy.
