Is Uniswap Token (UNI) a Good Buy?

Uniswap is a decentralized cryptocurrency exchange for mostly Ethereum tokens. Its launch led to the successful evolution of Decentralized finance (DeFi) that can never be forgotten in Crypto history soon. Uniswap native token UNI is used in making governance decisions in the platform. At the time of writing, Uniswap Token (UNI) is ranked in the 24th position in the CoinMarketCap ranking of cryptocurrencies. Uniswap is the largest Decentralized exchange in the world presently. UNI trades at $4.89 at present with a 24 hours decrease in price by 8.27%. Although Uniswap Token (UNI) has decreased by 47.7% in the past 30 days after attaining a 30 high price of $9.68 at the time of writing, it is still a good buy. Some of the reasons why UNI remains a good buy are: Uniswap Token’s past history Present Data of sellers’ pressure More incoming Ethereum projects Uniswap Token’s past history Uniswap Token (UNI) is one of the cryptocurrencies that many thought could collapse after it gave an airdrop of 400 UNI to all wallets that had used the exchange. The airdrop distribution was made on September 17th, 2020. Since this airdrop volume is 15% of its total supply, many thought that the token would collapse. This led to a decrease in the price of the token below $4, like those who claimed did a panic sell. However, less than 8 months after the distribution, UNI attained its present all-time high of $44.37 on May 3rd, 2021. This could have g...