Uniswap (UNI) Soars High, Will The Price Go Up Again?

<p>&nbsp;"UNI holders must be happy that the price is going up, but don't be sad if it suddenly falls."</p><p><br /></p><p>Following the facilitation of peer-to-peer token exchange, the leading decentralized exchange (DEX) built on the Ethereum (ETH) blockchain that is Uniswap (UNI) has finally managed to climb 22% in a few weeks.</p><p><br /></p><p>UNI has become the platform of choice for traders and liquidity providers due to its unique automated market maker (AMM)* model.</p><p><br /></p><p>*A type of decentralized exchange (DEX) that uses algorithmic "money robots" to make it easier for individual traders to buy and sell crypto assets</p><p><br /></p><p>Please note that the price of UNI also saw an increase after the incentive on the Optimism (OP) network generated profits through the involvement of liquidity and the decentralized financial sector (DeFi).</p><p><br /></p><p><br /></p><p>UNI has shown exceptional growth in the past seven days when the market sentiment surrounding the digital asset is positive, so investors see the price as having the potential to continue rising.</p><p><br /></p><p>Through observation, the supply of UNI in the exchange at the beginning of June experienced a significant decrease and then saw a horizontal movement from mid-June onwards, but the selling pressure of UNI began to decrease when the amount transferred to the centralized exchange (CEX) decreased.</p><p><br /></p><p>While the reduction in selling pressure can have a positive impact on UNI prices following lower supply for trading can create more favorable supply and demand.</p><p><br /></p><p>Currently, investors and traders are likely to hold UNI for the long term either expecting its price to soar in the future or wanting to participate in the governance and staking mechanisms provided by the digital asset.</p><p><br /></p><p>As of this writing, the price of UNI rose by 0.72% to $5.40 in the last 24 hours with a market capitalization of $3 billion and recorded an increase of around 20.83% over the last week.</p>