Why 2021 is the Best time to invest in Uniswap?

Why 2021 is the Best time to invest in Uniswap?

Is Uniswap (UNI) a good crypto investment?

What is Uniswap? Brief Summary

Uniswap, the most popular Ethereum Dapp in the market, constitutes the primary form of token for the Uniswap DEX or Decentralized Exchange. With an excellent expansion growth rate of 63% this year (as reported by Dune Analytics), Uniswap has successfully brought about new changes in the crypto market with its high level of innovation. The primary function of Uniswap is to let the traders exchange tokens of ERC-20 seamlessly and independently. ERC-20 tokens dwell on the Ethereum network and are used by many people due to Decentralized Finance’s popularity.

Best time to invest in Uniswap (UNI)

Following its original release in 2018, Uniswap released V2 in May 2020, which was plainly an iteration of its on-chain blockchain V1.

And now, the anticipation for the V3, which has already been announced, is growing. Version 3 (V3) of Uniswap will reduce the cost of the process while also making it faster and more dependable. It could be released by the middle of the year.

The overall market condition and the launch of Uniswap V3, which will play a major role in deciding the price of the UNI coin, are two of the most important aspects of the UNI coin.

Previously, when V2 was released, it took the market by storm. As a result, there is a strong possibility that the release of Uniswap V3 will be tremendously helpful to UNI.

Is Uniswap(UNI) a good investment in 2021?

Users and the market as a whole benefit tremendously from Uniswap.UNI grew to prominence due to its open nature and simple interface. The Uniswap trading window is simple. Trades may be executed with a single click, and the network as a whole is incredibly adaptable due to its properties.

With the release of version 3 on Optimistic Ethereum, the long-awaited layer two scaling solutions upgrade for Uniswap has finally been seen in the wild.

The world’s most popular decentralized exchange announced the alpha launch of Uniswap v3 on the Optimistic Ethereum (O) mainnet in a post on July 13.

The alpha launch is a limited version of the whole system that allows developers to gradually deploy the system and address any difficulties that may arise. The blog article on uniswar.org stated

“Please treat this as an early alpha product. Optimistic Ethereum is a complex Layer 2 scaling solution still in need of rigorous battle testing.”

According to Uniswap, assuming v3 has the same utilization as layer one, O should deliver up to 10 times the transaction cost savings, but greater demand will drive gas costs up. As the infrastructure is tested and improved at scale, transaction speeds will be raised in the following weeks and months.

Hayden Adams, the founder of Protocol, commented on the unveiling and high-speed transaction capabilities, saying:

“Building general-purpose Optimistic Rollups is an extraordinary undertaking and a critical step for decentralized finance to gain mass adoption.”

Hayden Adams took the Twitter announcing

It’s happening

Instant transactions and a steady increase in scaling w/ the end goal of fully meeting demand for low cost, high speed DEX trading

All built on Ethereum and preserving decentralization https://t.co/SyVtUsswYW

— Hayden Adams (@haydenzadams) July 13, 2021

How to invest in Uniswap (UNI)?

You can easily buy Uniswap on the exchange platform BuyUcoin. After going through a quick registration process, go for identity verification i.e. KYC. Funding your fiat/INR account is the step you need to go for after registration. You can do it either by bank transfer, UPI, or by using a debit card/ credit card. The duration of the process, starting from registration to preparation for trading, will take about 5-10 minutes.

Step 1: Log in to the BuyUcoin wallet.

Step 2: Click on signup and register yourself.

Step 3: Now go complete the KYC process.

Step 4: Add your bank account details.

Now, You’re all set for trading after you’ve got successfully connected to the wallet.

How Can You Store Uniswap?

You don’t need to worry about the storage of Uniswap as you can easily keep them in ERC-20 compatible wallet. However, the best option is a BuyUcoin wallet that aids in offline storage of the crypto in what has been called cold storage.

Why invest in Uniswap?

Uniswap is universally recognized as the topmost DEX. Traders get a safe, independent platform to carry out transactions. A significant part of the cryptocurrency of the users is stored in the network wallets. Since the DEX is non-custodial, your funds are not held directly, thus assimilating the blockchain advantages.

Issues addressed by Uniswap

To prevent the investors from feeling stifled by the strict policies of the market, Uniswap comes to the rescue by diminishing the power and supervising control of platforms such as BuyUcoin. All that’s because of the decentralized nature of the Uniswap! Uniswap also bestows newbie businesses with access to international liquidity.

Uniswap aids in starting a liquidity pool by asking the developer to provide the project token and then changing the respective value of ETH to initiate the collection. By releasing new tokens, a wider audience is attracted by the business developers. This leads to enhanced confidence in the investor to offer ROI-based opportunities using the medium of arbitrage traders.

The added advantage for Uniswap users is that they may bag rewards from trading fees and can actively take part as a provider of liquidity. Even ordinary users can extract an income passively while not having to hand over the crypto ownership directly.

What makes Uniseap worth investing in India?

If you believe in decentralized finance, Uniswap could be a fantastic addition to your portfolio. Not only is it the most liquid decentralized exchange, but the Uniswap V3 upgrade makes bitcoin even more liquid on the platform. While other DEXs might exploit Uniswap’s other upgrades, its V3 update is secured for two years, giving Uniswap a significant competitive advantage over other decentralized exchanges.

• Resistant to Licensing: The absence of central authority does not let the question of user blocking come into the picture. There is no bar on traders who have traded frequently or invested in multiple companies.
• Enhanced Security: Having undergone frequent reviews by the community of developers, Uniswap is entirely secure. There is no threat from the hackers but beware of falling prey to scams.
• Privacy: Since DEX is decentralized in nature, there is no leak of private information.
• Compatibility: By supporting the third-party API integrations, Uniswap lets the investors use external tools in their strategies. The trading bots and tools of market management have led to the improvement of the UX of Uniswap.

Conclusion: Is Uniswap a decent Investment?

Investing in Uniswap is indeed the best idea. If you believe in decentralized finance, Uniswap could be a good addition to your portfolio. Not only is it the most liquid decentralized exchange, but Uniswap’s V3 upgrade, which was released in May, made it even more liquid. While other DEXs could use Uniswap’s other upgrades, its V3 upgrade is protected for two years, giving Uniswap a significant competitive advantage over other decentralized exchanges. It’s the safest mode of making profits in this cryptocurrency world.

If you want to buy Uniswap in India, you should first learn about the current Uniswap price in INR, the history of uniswap with charts, and the latest uniswap price in INR. Buyucoin is one of the best and most trustworthy cryptocurrency platforms, where you can invest not only in Uniswap but also in over 60 other cryptocurrencies at the best possible rate. Sign up with BuyUcoin and start trading to get a good return on your investment.

Why 2021 is the Best time to invest in Uniswap? was originally published in BuyUcoin Talks on Medium, where people are continuing the conversation by highlighting and responding to this story.