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The world\u2019s third-largest decentralized exchange has witnessed a spike in growth and market capitalization. Uniswap is leading the altcoin rally, gearing up for a 20% gain in price.\u00a0<\/p>\n
Uniswap, one of the largest decentralized exchanges, has clocked in over $712 billion in trade volume in 2021. The exchange has witnessed a nearly ten times increase in market capitalization. With massive growth, experts have noted a spike in Uniswap on-chain activity.\u00a0<\/p>\n
Hayden Adams, the creator of Uniswap, believes that the decentralized exchange will,\u00a0<\/p>\n
\nCross $1 trillion in cumulative volume with just its current 1-2m users.<\/p>\n<\/blockquote>\n
Uniswap<\/a> is leading altcoins in the ongoing bull run, posting over 25% gains over the past two weeks. The native token of the decentralized exchange has continued its uptrend since January 1, 2022.\u00a0<\/p>\n
Crypto intelligence platform IntoTheBlock observed a price rally in DeFi blue chips like Uniswap<\/a>. According to crypto data platform Crypto Cap Flow data, there is a spike in open interest in Uniswap futures, hitting $102.89 million. Increasing open interest is considered a sign of rising investor interest and demand for Uniswap.\u00a0<\/p>\n
@BullishTraderss, a pseudonymous crypto analyst and trader, has predicted that Uniswap<\/a> could preserve its uptrend; the next resistance for the token is at $23. Uniswap is looking to breakout resistance in the Bitcoin and USDT pairs.\u00a0<\/p>\n
\n\n$UNI<\/a><\/p>\n
The $UNI<\/a> Price Looking To Breakout The Resistances At Both Btc And Usdt Pairs ,New Impulsive Trend About To Start ,It\u2019s a Nice Buy Opportunity By High R\/R ,Targets On Charts pic.twitter.com\/ABCLQwjZAP<\/a><\/p>\n
\u2014 Bullish Traders™ (@BullishTraderss) January 5, 2022<\/a><\/p><\/blockquote>\n<\/div>\n
FXStreet analysts have evaluated the Uniswap price trend and predicted that the native token of the decentralized exchange is close to starting a new uptrend towards $60.\u00a0<\/p>\n
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