The UNI airdrop happened out of nowhere a few days ago and the bombshell that dropped on the entire crypto community was that the token didn’t dump. A lot of people saw that Uniswap finally launched a token and I think there was some general excitement around that idea, but a lot of people saw the airdrop distribution and assumed a massive dump would ensue.
Instead, we saw an incredible rally in the UNI price. In this video, we talk about why UNI might actually be a decent investment and how it is one of the few cryptocurrencies that has a real project behind it.
A lot of cryptocurrencies — especially in the DeFi space — are running on hype and promises for future delivery of products. Back in the ICO days, we saw a lot of people get hurt big by projects like these who promised promised promises but never learned how to deliver.
With a new wave of money flooding the space, many are looking at DeFi coins and wondering if they’re the next moon opportunity or potential falling knife that nobody wants to catch.
Uniswap is an interesting project that is currently at the forefront of the DeFi movement. Perhaps it resembles ETH back in the ICO days? Or perhaps it’s just another project filled with speculation and hype.
During this clip, the UNI token was trading at just above $3. Me and Neal actually went out and bought some UNI while it was below 3 out of both speculation and an understanding that there is a real platform behind Uniswap - or at least one that is more real than most crypto projects.
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▶️ 3Speak
I wouldn't say it's a good investment project, the money given out was massive, probably it didn't dump because it was pumped and they wanted people to buy in big
Dear sr. In the world of investment it is an unknow topics, we could have indicators about how were posible good an investment oportunity, but only the time have the decition final, if you read the black swam of Nicolas Nasib Taleb he say you only know the past statistic information about it, and with this data you make an analisys about Value at Risk, Roi, tracking Error, benchmark and every kind of investment indicators but there are past information the futurw is unknow, for this reason maybe yes a goos investment or maybe yes, looks yamefinance down a lot in a day for a little mistake, you decided if investment or not, the lucky and the market decided if you win or loses your money.
Best regard.
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STOPI think it will be good for the long term....needs to shake out the airdrop and the chasers first...but if it rips back up you have to be long
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I do think $UNI has true potential
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( Unicorns might be fiction but ) Uniswap is a 'real thing'.
That's just what I needed to hear!
I didn't receive any Uni airdrop but had to stop myself yesterday from not buying a bunch of Uni ( out of what might have been greed and too much caffeine ) when it was at 6 dollars. Shortly after, it went down to 4.5.
I am now looking for a point to buy in. Today might be a good day.
Thanks for keeping us up to date!✨