Uniswap Price Struggles Below $10 – Could a Rally to $50 Be Possible?

Uniswap (UNI) has dipped to $9.0 after nearing the $10 mark. With broader market sell-offs affecting its price, predictions remain optimistic about a potential surge to $50.

Uniswap (UNI) recently saw its price drop to $9.0, falling just short of the anticipated $10 mark. This represents a 10% decline from earlier session highs in the $9.80s. The abrupt reversal in UNI’s price aligns with a broader market sell-off rather than any specific catalyst.

Bitcoin (BTC) has also dipped below $67,000 after reaching $72,000 earlier this week. Other major cryptocurrencies like Ether (ETH) have similarly seen declines, with ETH dropping to the $3,600 range from highs near $4,000. The market may be experiencing a “sell-the-news” reaction to significant positive events this week, such as expectations of the SEC approving spot Ethereum ETFs and the passage of the FIT21 bill through the House.

Uniswap Price Prediction – Is $50 Possible?

The $10 mark serves as a critical resistance level for UNI, but this doesn’t necessarily signal the end of its rally. UNI recently broke above its 21 and 50-day moving averages after being stuck in a $6.50-$8.00 range for over a month. A move higher than $17 could be possible later this year.

The SEC’s reconsideration of Ethereum ETFs has sparked optimism that they might not pursue charges against the Uniswap Foundation, which received a Wells Notice earlier this year. Avoiding these charges would significantly relieve UNI.

Reaching $50 is not out of the question. During the peak of meme coin mania in 2021, Uniswap hit as high as $45. This current cycle could surpass the previous one, especially with Bitcoin hitting new record highs and maintaining them, reflecting increased crypto adoption since 2021. At $50, Uniswap’s fully diluted market cap would be just over $50 billion, a plausible target for the leading multi-chain DEX protocol.

Uniswap Alternative to Consider – Multi-chain Meme Coin Dogeverse (DV)

While UNI has the potential to quintuple in this bull market, many investors are looking for even larger gains. Those seeking a 50-100x return often turn to the highly speculative meme coin market.

One promising meme coin is Dogeverse. It features cross-chain capabilities and has generated significant market excitement. Currently in presale, Dogeverse has raised over $15 million. Its X account has over 21,200 followers, and its Telegram has nearly 13,000 subscribers.

Dogeverse aims to be the multi-chain equivalent of Dogecoin and will launch on the six most popular blockchains (excluding Bitcoin). Its cross-chain bridging capabilities enhance its appeal, making it a “Doge with superpowers.”

Interested investors should act quickly, as Dogeverse’s presale ends on June 3, with the official launch set for June 5.

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