Uniswap Faces Bearish Pressure as price Plummets
Uniswap’s price has entered a bearish phase, dropping over 20% from its May peak. as of July 5, UNI was valued at $6.95, a significant fall from its November high of $20. This decline has slashed its market cap too $4.8 billion, down from last year’s peak of $10 billion.
The fall aligns with the broader altcoin sell-off. The market cap of altcoins, excluding Bitcoin, ethereum, and stablecoins, has fallen by nearly 30% this year. This trend mirrors the
