The cryptocurrency market is booming, and the Uniswap price prediction shows that its native token, UNI, has surged more than 700% since its launch in September 2020. As of January 2021, UNI was trading at around $27.62, up from its initial listing price of just $3.38.
So far, 2022 wasn’t the best year for all cryptocurrencies, including Uniswap, as UNI prices dropped from their all-time high of $41.76 to a low of around $20.
Price prediction has it that in 2023, Uniswap will continue to increase in value. Analysts are predicting that the price of UNI could reach a peak of $50 or higher by the end of the year.
Recently, the Uniswap platform saw another boost in activity when Orbeon Protocol, a decentralized investment platform that has seen an 805% price increase, completed its second stage of presale as investors speculated whether ORBN will be listed on Uniswap. In just six hours, it raised over $60 million from public and private investors.
The surge in the Uniswap price is primarily attributed to its successful decentralized exchange (DEX). Uniswap has become one of the most popular DEXs in cryptocurrency, offering users a secure and efficient way to buy and sell Ethereum-based tokens.
Alongside the surge in UNI’s price, another token that is gaining a lot of attention in the crypto space is Orbeon Protocol. Orbeon Protocol is a new protocol that aims to improve liquidity and increase capital efficiency on Uniswap.
A Quick Overview of Uniswap
Created in 2018 by Hayden Adams, Uniswap is an automated market maker protocol that allows users to swap and trade Ethereum tokens. This protocol uses a smart contract, which ensures that all transactions are secure and transparent.
The main advantage of Uniswap is its liquidity feature — since the exchange does not require any middlemen or brokers, it provides a much faster and more reliable trading experience.
However, the main drawback of Uniswap is its need for more capital efficiency. This means that users need to pay more gas fees than other DEXs, and liquidity on the platform is only sometimes sufficient for high-volume trades.
Orbeon Protocol Surges in Presale
Orbeon Protocol (ORBN) is a decentralized investment platform that aims to revolutionize the venture capital industry. By bringing together retail investors and startups in the web3 space, Orbeon Protocol is democratizing crowdfunding and changing the way business raise capital.
Startups can use Orbeon Protocol (ORBN) to mint equity-backed, fractionalized NFTs, which can be purchased and traded from as low as $1. This allows retail investors to support budding entrepreneurs, while startups can raise capital more efficiently than ever before.
For starters, many experts believe that Orbeon Protocol will help drive liquidity on Uniswap should its native token, ORBN, be listed, which could result in higher trading volumes and further price appreciation for UNI.
ORBN grants holders with various benefits like transaction fee discounts, staking, and governance rights. Many estimate that ORBN will surge to $0.24 after presale, a massive 6000% increase from its initial price of $0.004. Currently trading at $0.0362, ORBN is certainly on this trend, with an 805% increase already recorded.
Find Out More About The Orbeon Protocol Presale
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.