Uniswap’s UNI Price Slides Despite Standard Chartered’s $100 Price Target
Photo: TheCoinrise
The bank's bullish long-term forecast for the decentralized exchange token has not stopped near-term selling pressure. Standard Chartered, one of the largest banks to issue formal crypto price targets, has set a bullish forecast of $100 for Uniswap's native token, UNI. Despite that call, UNI's price has fallen rather than rallied, according to crypto.news. The disconnect highlights a recurring pattern in digital asset markets, where institutional forecasts and short-term price action often move in opposite directions. Uniswap operates one of the largest decentralized exchanges in the crypto industry, allowing users to swap tokens without a centralized intermediary.
Source: TheCoinrise
