UNI: Here’s what could really save Uniswap

ambcrypto.com:

Cryptocurrencies, Decentralised Finance (DeFi), and other similar opportunities that web3 presents are helping the likes of Uniswap to strengthen its dominance in the community. While some investors have been lamenting their losses, others are content to look at UNI’s metrics. 

Uniswap, like the rest of the market, noted a 9.21% dip on 11 April. Thus, losing 24.83% in a week. The coin is now only 9% away from invalidating all of March’s 44.83% gains. This will leave UNI back at $8.42. 

Uniswap price action | Source: TradingView – AMBCrypto

While price indicators have been giving a bearish signal, Uniswap’s ecosystem developments are somewhat on the bullish side. UNI noted a 5% hike in prices after Uniswap announced the launch of the Uniswap Labs Ventures.

The venture fund will be investing in projects at different stages of development with a focus on infrastructure to developer tools and consumer-facing applications. As stated in the launch, Uniswap Labs Ventures has already invested in 11 companies and in the future it intends to participate in the governance systems of MakerDAO, Aave, Compound, and Ethereum Name Service protocols.

To start, these protocols include @AaveAave, @compoundfinance, @MakerDao, and @Ensdomains