Uniswap (UNI) token is currently reaching for the stars and hitting new all-time highs like Bitcoin’s lost cousin.
“A fool and his money are soon parted.” ? T. Tusser
UNI is presently priced at $15 USD during the nightly market fall. It broke its highest high with a price of $15.50 today, January 27th, 2021. Uniswap has been a monster lately, and the relatively predictable daily highs and lows, correlating with Bitcoin (BTC) and Ethereum (ETH) movement, has made UNI a dream for flipping.
I’ve noticed a pattern where UNI will correlate with Bitcoin but pump harder % wise, then during Bitcoin losses, it will also fall but will typically hold more of an Ethereum pattern on the downward end of things for the positive. Suddenly, we have UNI pumps that are massive brought on by typical or “random” BTC market shifts, followed by new all-time highs; it’s been a wildly dangerous yet profitable time in the market.
Out of all ERC-20 tokens, I love to trade UNI the most. I’ve made the most money off of it by far, even after the airdrop, and it overall seems to agree with my trading style. With that being said, it’s crucial to know UNI is not a currency to toy around with. While volatility applies to all cryptocurrencies, UNI is one to note for being one to swing hard.
Chasing daily highs and lows, as well as sheer drops and pumps for flips in USD, UNI, and BTC in pairs, has been productive - I greatly look forward to a large payment I have coming in that will allow me a great deal more breathing room in the marketplace. One rule I have learned is never to trade scared. If you trade scared, you buy when you should be selling, and sell when you should be buying - and then want to punch yourself in the face for it.
It was an assumption of mine that Uniswap would eventually lead a bull-run like this after its performance last year right up through now; it’s a top exchange. I have my bones to pick over Ethereum and ERC-20 gas/gwei fees, but I must say, as far as typical ETH-based DEX’s go, Uniswap is my favorite and where I see the most volume in transactions.
Life has forced me to grind my teeth every time I pay a gas fee, but Uniswap as an exchange and UNI as a token have outdone themselves; I’ve often called UNI the gift that keeps on giving. Despite my disdain for ETH and ERC-20 tokens, I plan to continue to stack cash and UNI in the marketplace as I believe Uniswap has a strong future with upcoming implementations to Uniswap v3 through new governance features.
I have been using 1INCH and Uniswap side by side, and I would say for those who are inexperienced, you are more likely better off sticking with Uniswap. Also, my 1inch transactions keep processing through Uniswap regardless. I feel there is a great deal of FOMO around projects similar to Uniswap, but it seems to be holding its brand well in the face of heavy competition.
1inch very well may end up being the superior DEX between the two, but for now, my bet stays with good old Uniswap. The app seems to be less buggy in web interface and mobile app walletconnect. I don’t know about you, but when it comes to ETH tx’s (transactions), I am not trying to make mistakes and get stuck in nonce, so I aim for a solid exchange and wallet. Even Trust Wallet may be losing my trust due to poor performance.
The market doesn’t sleep, and lately, neither do I. That seems to be the price of 25 college credits at one time while working, along with other things. However, this does grant the opportunity of catching random market movements; I am buying a 4th display solely for watching the market in the next few weeks… just as soon as I can figure out a custom stand for the thing. I’m done missing opportunities I cannot see!
What are your thoughts on the recent Uniswap pumps; have you been on lockdown making gains? Do you prefer 1inch? Let me know!
As always, comments, suggestions, and friendly debates are highly encouraged.
Stay smart & Stay safe.
-Thomas Wolf
Cryptowriter is now conducting podcasts which can be found on PocketCasts, YouTube, Spotify, Anchor, and more to come.
DISCLAIMER
I am not a certified financial, tax, or legal advisor, analyst, or planner. The above information should not be considered advice but as an opinion intended to share information and ideas for entertainment and independent research purposes. Cryptowriter and its writers are not responsible for any losses or damages incurred as a result of misinterpreting personal opinions for professional advice.
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