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Investment Disclaimer:
- I am not a registered investment, legal, or tax adviser or a broker/dealer, and all opinions expressed by me are from my research for educational purposes only.
- Past performance presented here is not an indicator of future performance.
- This post expresses my own opinion about the cryptocurrency mentioned herein and is not an offer to buy or sell, or a solicitation of any offer to buy or sell the cryptocurrency mentioned in this post.
1A. Top 3 Good News for UNI HODLERS !!!
- Grayscale Investments Reduces Portfolio To Purchase SOL and UNI
Statistic as of 2021-11-18 07:23 AM EDT: 24 positive votes, 4 negative votes
Grayscale released an announcement concerning announced a "quarterly rebalancing of funds” for its Digital Large Cap Fund and also its DeFi Fund. The rebalancing includes the reduction of these funds’ portfolios in LTC and BTC, to release capital that has subsequently been used to invest in Solana (SOL) and Uniswap (UNI) in large proportions.
(Extracted from Crypto Panic
(Read more on beincrypto.com
Ethereum (ETH) On-Chain Analysis: Interest in DeFi Continues to Grow
Statistic as of 2021-11-18 07:23 AM EDT: 12 positive votes, 1 negative vote
BeInCrypto takes a look at on-chain indicators for Ethereum (ETH), more specifically the total value locked in decentralized finance (DeFi) products and transactions on the Uniswap exchange.
(Extracted from Crypto Panic
Uniswap Becomes First DeFi Protocol to Generate $1B in Fees
Statistic as of 2021-11-18 07:23 AM EDT: 7 positive votes, 0 negative vote
The Uniswap decentralized exchange (DEX) has hit a milestone in terms of fee generation, becoming the first DeFi protocol to reach $1 billion.
(Extracted from Crypto Panic
1B. Top 2 Bad News for UNI HODLERS !!!
- Three US States Going After BlockFi In Regulatory Crackdown
Statistic as of 2021-11-18 07:23 AM EDT: 6 positive votes, 30 negative votes
New Jersey, Texas, and Alabama have individual state regulators issuing concerns that New Jersey-based DeFi firm, BlockFi, is offering unregistered securities. Regulators seem to particularly point to BlockFi’s Interest Account (BIA), which offers rates that consumers are now becoming accustomed to in DeFi – but that have blown traditional banking rates out of the water.
(Extracted from Crypto Panic
- SEC Investigating Uniswap
Statistic as of 2021-11-18 07:23 AM EDT: 6 positive votes, 23 negative votes
The US Securities and Exchanges Commission (SEC) is investigating the no order-book decentralized exchange Uniswap according to unnamed sources familiar with the matter.
(Extracted from Crypto Panic
2. How Uniswap Performs Relative to Other Cryptos ?
As of 17 Nov 2021, Uniswap has made a cumulative return of 553.36% since Jan 2020 and 77.19% since Jan 2021. It is currently the 18th greatest performing crypto asset since Jan 2021 as compared to the other cryptocurrencies presented above.
3. Technical Analysis on Uniswap
3.1. Volume Weighted Average Price (VWAP)
VWAP is a technical indicator used by a trader to gauge the overall trend of an asset price movement. VWAP line (orange line) represents the volume-weighted average price (average price here is defined as the average of high, low and close prices) while close price line (blue line) represents the price when UNI3 is closed at the end of every single day.
Whenever blue line (close price) is above orange line (VWAP), it indicates that the asset is gaining momentum and being traded higher than its average price level. This would represent a 'buy' opportunity for short-term momentum trader whom task is to trade following the trend while a longer term mean-revision trader might take it as a 'sell' opportunity, anticipating that the price of UNI3 (blue line) to fall to its average level (orange line).
Whenever blue line (close price) is below orange line (VWAP), it indicates that the asset is losing momentum and being traded lower than its average price level. This would represent a 'sell' opportunity for short-term momentum trader whom task is to trade following the trend while a longer term mean-revision trader might take it as a 'buy' opportunity, anticipating that the price of UNI3 (blue line) to rise to its average level (orange line).
As of 17 Nov 2021, VWAP is suggesting that UNI3 is losing significant momentum.
3.2. Moving Average Convergence Divergence (MACD)
MACD is often used by trader as a momentum indicator. There are 2 lines that form the above charts, namely MACD (12, 26) lines and Signal(9) line, while the histogram is calculated by subtracting Signal (9) from MACD (12,26). Histogram would fall to the negative territory whenever MACD (12, 26) is trending at a lower level than Signal (9) and rise to the positive territory whenever MACD (12,26) is trending at a higher level than Signal (9).
MACD (12, 26) is computed by subtracting the 26-day exponential moving average (EMA) of UNI3 closing price from its 12-day EMA.
Signal (9) on the other hand is calculated as the 9-day EMA of MACD (12,26).
As MACD (12, 26) goes higher away from Signal (9), it signifies that UNI3 is gaining momentum and whenever it goes trends at a lower level than Signal (9),it signifies that UNI3 is losing momentum.
As of 17 Nov 2021, MACD is suggesting that UNI3 is losing significant momentum.
3.3. Bollinger Band
Bollinger band is often being used by mean-reversion trader as a gauge to assess how undervalued or overvalued an asset is. Its chart made up of 4 lines, namely:
- SMA (20) (blue line), which is the 20-day simple moving average price of UNI3
- Upper Band (orange line), which is computed by adding 2 standard deviations of UNI3 on SMA (20)
- Lower Band (red line) , which is computed by subtracting 2 standard deviations of UNI3 from SMA (20)
- Close (green line), which is the daily closing price of UNI3
Whenever close line (green) touches the lower band (red), it indicates that UNI3 is corrected too much and is being traded at an undervalued level, representing a 'buy' opportunity. On the other hand, whenever close line (green) touches the upper band (orange), it indicates that UNI3 is gaining too much momentum and is being traded at an overvalued level, thus indicating a 'sell' opportunity.
As of 17 Nov 2021, Bollinger Band is suggesting that UNI3 is being severely oversold.
3.4. Relative Strength Index (RSI)
Just like Bollinger Band, Relative Strength Index is often being used by mean-reversion trader as a gauge to assess how undervalued or overvalued an asset is. There are 2 psychological levels, i.e. 30 and 70 in RSI. Whenever the RSI reaches 30, it indicates that UNI3 is corrected too much and is being traded at an undervalued level, representing a 'buy' opportunity. On the other hand, whenever RSI reaches 70, it indicates that UNI3 is gaining too much momentum and is being traded at an overvalued level, thus indicating a 'sell' opportunity.
As of 17 Nov 2021, RSI is suggesting that UNI3 is being severely oversold.
Based on the technical analysis presented above, quantdoge holds a bullish stance on the short term outlook of UNI, but I could be wrong, hence please make your careful due diligence before making any financial decision.
4.Uniswap Risk Profile
Based on the 100-day 95% historical Value-at-Risk (VaR) profile of Uniswap defined above, UNI3 seems to trade at a higher risk level on 17 Nov 2021 as compared to 10 days before on 07 Nov 2021, with its biggest pullback being seen at -17.39% on a single day during the last 100 days. However, I could be wrong, hence please make your careful due diligence before making any financial decision.
5. Price Simulation for Uniswap
How did quantdoge simulation perform vs the actual UNI3 price movement over the last week ?
Over the last 7 days, UNI has been trading near the bottom 25% percentile of quantdoge simulations, indicating that UNI has been oversold, and is trading at a undervalued position.
6. UNI Community Analytics
Number of UNI Followers In The Past 24 Months
Monthly increment of Uniswap Twitter followers peaked on Oct 2020 and its monthly increment of Reddit followers peaked on May 2021.
Number of UNI Followers In The Last 30 Days
In the last 30 days alone, Uniswap followers have grown 7.56 % from 665,573 to 715,864 on Twitter and grown 5.39 % from 54,371 to 57,304 on Reddit.
Daily increment of Uniswap Twitter followers peaked on 28 Oct 2021 and its daily increment of Reddit followers peaked on 29 Oct 2021.
7. Google Trends Analytics
Uniswap reached its peak in Google Search on 2021-05-09 with a Google Score of 100
Over the last quarter, Uniswap Google Score has increased 212.68 % from 17.75 to 55.5
Over the last 6 months, Uniswap Google Score has increased 184.62 % from 19.5 to 55.5
Based on Google searches, UNI is most sought after in Cayman Islands, followed by Curacao and Benin this month.
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