UNI Jumps Over 11% – Here’s Why Investors Flock to This Token

12:27 am
February 18, 2024
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## Why Investors Are Flocking to UNI as Token Jumps Over 11%

The cryptocurrency market has been negatively affected by bearish attitudes, but there are a few outliers that continue to defy the trend. UNI token has seen an impressive surge of over 12% in the past 24 hours, attracting investors seeking bullish opportunities.

### Overview of UNI’s Recent Developments
In recent developments, Uniswap reported a significant surge in swap volume on Arbitrum after its deployment on the platform. Additionally, the announcement of Uniswap v4’s upcoming launch in Q3 2024 has further fueled investor interest.

#### What Is Uniswap V4?
Uniswap v4 is set to launch in Q3 2024, following the deployment of Ethereum’s Dencun upgrade. It is described as a more efficient and cost-effective version of v3, offering a non-custodial, non-upgradeable, and permissionless automated market maker protocol.

The first phase of v4 is currently underway, with developers finalizing core functionalities and features, allowing the creation of new features on top of the current AMM design.

### Leading The Innovation Charge
Apart from the technical advancements, Uniswap is also focusing on funding for innovators in the Web 3 space, with the Uniswap Foundation releasing a detailed look at the organization’s new granting strategy.

### What to Expect for UNI
Despite the recent surge, UNI may experience bearish trends in the coming weeks, leading to potential price dips. However, strong support levels are expected to stabilize UNI’s price around the $7.3 and $7 range.

### UNI Price Update
As of the latest update, UNI is currently trading at $7.462.

*Featured image from Adobe Stock, chart from TradingView*

**Disclaimer:** The article is provided for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell, or hold any investments, as investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

## Frequently Asked Questions (FAQs)

**Q: What factors have contributed to UNI’s recent surge in value?**
UNI’s surge in value can be attributed to its deployment on Arbitrum leading to a significant increase in swap volume, as well as the anticipation surrounding the upcoming launch of Uniswap v4 in Q3 2024.

**Q: How is Uniswap v4 different from its predecessor?**
Uniswap v4 is described as a more efficient and cost-effective version of v3, offering a non-custodial, non-upgradeable, and permissionless automated market maker protocol. It aims to build new features on top of the current AMM design, eliminating the need for an entirely new design from the ground up.

**Q: What is UNI’s expected price stability in the coming weeks?**
Despite potential bearish market trends, UNI’s price is expected to stabilize around the $7.3 and $7 range, supported by strong levels at 50% and 38.20%.

**Q: What does UNI’s new granting strategy entail?**
The new strategy centers around granting a minimum of $250,000 in four audience-specific categories: developers, researchers, delegates, and innovation, aiming to support stakeholders in the Web 3 space.

**Q: Where can I find the latest UNI price updates?**
You can track the latest UNI price updates on platforms like TradingView or other cryptocurrency tracking websites.


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