Is UNI still worthwhile?
At present, the market as a whole is still on the decline. Except for Bitcoin and Ethereum, which are still barely holding the support level, there is almost no sign of stopping the decline of DeFi tokens at a glance.
YFI, regarded as the leading project in this round of DeFi field, has fallen below $20,000. As of writing, the price of YFI is $16,000, a drop of 60% from the highest peak of $41,000. It can be seen that the decline of the leaders in the entire field is so alarming, and the tokens in other subdivisions are even more difficult to escape. Uniswap is the leader in the field of decentralized exchanges.
Uniswap’s token UNI has fallen below $3 as of the time of writing, and some people even shouted the slogan of UNI “running to 1”. Many investors who bought in the past couldn't resist the blow to their hearts from this fierce drop, and they all threw away their tokens one after another, and various doubts about Uniswap appeared on the Internet.
So, is there any hope for UNI? Does Uniswap have a future? no doubt,I think UNI is promising and Uniswap is promising.
First of all, there is nothing new about the various doubts about Uniswap that appear on the Internet. These doubts existed long before Uniswap issued coins, and even before the Uniswap fire. It’s just that there were not many people who paid attention to it at that time, so this kind of questioning did not attract the public’s interest; but now there are more people who pay attention to it, and the market is not good, so it has become a focus of attention to stir up those old problems.
Whenever the market is sluggish, doubts about various projects will be turned over and speculated. This is almost a habitual action in all investment circles. As investors, we should treat such articles rationally and not be disturbed by them too much.
Previously, I have shared with you my method of judging projects,The first is to see whether the field of the project is promising; the second is to see whether the qualifications of the project are good in this field; and finally, whether the price when we start the project is suitable.
Using this method to judge UNI, its field is undoubtedly very promising. It is not an exaggeration to say that the biggest highlight of this DeFi wave is that it proves that decentralized exchanges have outperformed centralized exchanges in some aspects.
In the field of decentralized exchanges, at least at the moment, UNI's leading position is unquestionable.This position is difficult to shake in the short term, and Uniswap is planning the V3 version, and I am very much looking forward to the debut of the V3 version.
As for the currency price, I always think that the price within 5 US dollars is suitable for fixed investment in installments and batches. My calculation method is: based on the unit price of 5 US dollars, its total circulation market value is 5 billion US dollars, ranking fifth on the CMC in terms of market value. With this market value, Ripple ranks ahead of it, but Ripple is almost an outdated variety without any imagination. Uniswap is much larger than Ripple in terms of imagination. Therefore, this market value is not low, but it is not high as a leading project.
Now the price of UNI is only 2.6 US dollars, and its total market value of circulation is only 2.6 billion US dollars, ranking 13th on the CMC. This price is obviously underestimated. For investors who are optimistic about UNI in the long term, there is no reason to fear.
So now I am not only bullish on UNI, but also more bullish on UNI than before.
"Be fearful when others are greedy, and be greedy when others are fearful." This sentence is easy to say, but very difficult to do. Especially when investors are on the scene, facing huge pressure from the market and psychological torture from the heart, it is a great test for investors to withstand these sufferings and insist on using rationality to guide their behavior.
It is true that only by going through these practical tests can investors survive in the ever-changing market, filter out all kinds of noise in the market, and see a bright future and the dawn of victory.
