Is Uniswap’s UNI The Crypto Version of a Stimulus Check at $3 Per Token?

Tony "The Bull" Severino

Last Updated: September 17, 2020 7:00 pm

3 mins read

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Overnight, crypto Twitter exploded in chatter about what is essentially free money. Liquidity swap platform Uniswap that’s recently enjoyed enormous growth rewarded early users with a distribution share of UNI tokens.

The price per token quickly rose, essentially turning the UNI distro into the crypto industry version of the stimulus check.

How Uniswap Is Stealing Back The Momentum After SushiSwap Fallout

The DeFi trend has taken some strange twists and turns. What started as a very serious movement to build the future of alternative finance, turned into a buffet of both profits and odd-sounding food tokens with little to no use case.

Along the way there were plenty of new buzzwords such as yield farming, and liquidity pooling coined, and dozens of new tokens minted.

Where you got those coins early on, were decentralized swap platforms like Uniswap. There, you pool tokens toward other project’s total liquidity, and you either profit or lose when you finally take your liquidity out of the pool.

Some have made fortunes, others have been badly burned. The craze led to a number of knockoffs, including some from Tron frontman Justin Sun, and another, SushiSwap. A fiasco involving the project’s founder dealt a major blow to the DeFi space, Ethereum, and just about all swap-based platforms.

To revive that once burning hot interest in Uniswap and take back market share from competing platforms, Uniswap has dished out a distribution of UNI tokens to early users of the platform, and it has got the world of crypto buzzing once again.

UNIUSDC Price Chart | Source: TradingView

400 UNI Tokens At $3 A Piece Is Equivalent To $1200 Stimulus Check

Overnight, news broke that Uniswap had issued earliest users of the platform as many as 400 UNI tokens. Some users received more, however, most commonly 400 was distributed.

Although there’s been some fluctuation, the price per UNI token has trade mostly stable at roughly $3 per token. At $3 per token, multiplied by the 400 sent around, The Uniswap token distribution matches the same amount of stimulus money the US government sent out to taxpayers back in April.

Those who invested it into Ethereum then, would have turned it into a small fortune. However, is it wise to invest this UNI-based crypto stimulus back into Ethereum, or is it best to hold UNI for the long-haul?

Uniswap recently beat Coinbase in total volume, and the UNI token is surprisingly already listed on the exchange. These two facts alone suggest incredible momentum, and potentially much higher prices per UNI token.

Selling now, may get you a secured $1,200 in the bag, but letting it ride could be far more stimulating.

Tony "The Bull" Severino

Tony "The Bull" Severino, CMT, is a distinguished figure in the cryptocurrency analysis sector, renowned for his in-depth technical expertise and innovative approach to market trends. As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market.
A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony’s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements.

Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions.

In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony’s expertise to guide their trading strategies.

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Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders.
His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics.

Tony’s nickname, "The Bull," aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice.

In summary, Tony "The Bull" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. His dedication to advancing the understanding of market forces and his commitment to providing high-quality, reliable analysis make him a pivotal figure in the world of cryptocurrency trading.

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