Uniswap (UNI) :
The SEC is attacking crypto in some of the most ridiculous ways, but again the swap is now guy gendler’s focal point at the SEC, it has already caused prices to fall.
The question is what it can hit in the bull cycle now, with the legal battle looming, we’ll take a look at everything to do with it before we do it.
Everyone knows what the Uniswap is, the Uniswap protocol is a simple express, anyone can use it, it is extremely popular it is one of the most popular dex in the world.
It is probably still cumulative through all their iterations, whether it is arbitum, ethereum or even if it is only the version, one version two version three, the volume that they do is very important.
The founders, the creator of the platform is the ethereum developer Hayden Adams, he worked on various projects while finalizing the swap.
He ended up giving it the name based on a work with vitalic butan ended up giving his name to the protocol, it was originally known as unipeg until it became Uniswap.
They have a lot like that in terms of decks, it’s as simple as it becomes very easy to use, and again with the Sur as with the pure popularity of the swap.
You know that it should go very well, and in fact, I expected it to enter the next bullish cycle, was that it was going to break its previous high which was 40 Just 45 sh dollars, but things have changed.
So Unis swap is preparing for war for lack of a better term so the SEC is as if it is looking to bring a battle, quite important against Unis swap, which could include operating as an unlicensed broker operating an unregistered exchange, and/or selling unregistered securities.
And yes, I mean that everything became a mess, and it happened out of nowhere, as if we were still watching Gary gendler, and the SEC really negatively impacting the entire crypto markets, on a consistent basis.
If we take a look, we can see that Unis swap fell in space as immediately at the back of the news, it fell by 17%, it continued to fall obviously, so federal officials warned Unis swap, of an impending dispute, at the end of well in the middle of last week, by sending them a well notice, which resulted in a significant decrease in the overall value of the Uniswap.
This is probably going to continue for a while, there is a lot of discussion about what is going to happen, but the Well notice is the first step in the dispute, and look at one thing that we have seen in the past, as in the previous bullish cycle, is when the xrp was under the C, with disputes, even when it didn’t really start because it didn’t start until after really everything was over.
After the end of the bullish cycle, but it became as it is well known that what ended up happening as a result, as following the dispute with the SEC, xrp suffered an immense price squeeze, did not come close to exceeding the previous peak, and we actually have to look at this from the point of view of the US exchange.
Now because they are in exactly the same situation, I expected it to reach 50 dollars to be honest in the next bullish cycle, the fact that it has lost about half of its value since March, is a very bad sign, especially with how the news will become widespread, being around the dispute for the swap.
I don’t misunderstand if the swap settled very quickly, it could solve something, I think it’s unlikely, I think they will probably fight against it.
I think that the problem that the swap is going to have in particular, is under the pretext of being selling unregistered securities, because at the moment the SEC has labeled more than 60 different crypto projects, as securities and although they have not proven it in court.
There is enough, there is enough evidence that the swap is potentially acting as an unlicensed broker, so there are going to be major problems coming here.
Now, I don’t necessarily think we’re going to see a huge drop in the amount of use of Unis swap, I think we’re probably still seeing people using it, but people may be using Unis Swap, and they’re certainly I mean 1.8 billion in the last 24 hours, only on the three ethereum version so you know they haven’t suffered, in terms of volume.
But as an investment, I think it’s going to scare a lot of people anyone who remembers, what happened with the last xrp bull cycle might be concerned about the swap, as an important investment in the crypto space, because again, it looks like a $50 or more run in the next bull cycle.
You know there were points, when it was like four or five dollars in the last naked cycle, so you know the gains were there, but with this, I think we’re probably not going to see this break from its previous high.
We have seen that you know that all we can do is start from historical evidence, with regard to the xrp is that it could not break its previous peak, due to what L of the pending litigation of Imp Unis swaper, in exactly the same situation.
So we have to look at where it is I will go now I think 30, is probably the peak that we are going to see, and again the fact that people are using it is going to be somewhat irrelevant, because people still need to buy a Uniswap,s to raise the price to less obviously than the team.
I mean the team can do certain things, whether it’s direct redemptions, anything to try to push the price up, however from an investor point of view, I think a lot of people will move away from the Uniswap.
I think we have already seen a noticeable sell-off, which is why the price has fallen so fast, when it should have broken its previous high, in this bullish cycle.
I think it’s unlikely now, I think we’re going to have to keep a close eye on what the SEC is doing, and how this court how this litigation is going to move forward but as long as it drags on, I think $30 is about the top of where we’re going to go, and it’s amazing because it should have been well above 50.
Conclusion :
If you are a United swap holder, how do you feel now are you pissed off at the SEC are you fed up with the SEC in general, I mean I am personally fed up with the SEC in general, I think, they don’t know what they are doing and they are wrong identifying many projects in the crypto space as security.
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