Mr.Arshman

06/17 16:44

Uniswap price surges 25% as Standard Chartered’s $

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Uniswap has surged more than 25% on Wednesday after Standard Chartered initiated coverage of $UNI with a $100 price target for 2030, triggering one of the strongest rallies among large-cap cryptocurrencies this week. According to data from crypto.news, Uniswap ($UNI) climbed to an intraday high of $3.70 on June 17 before stabilizing around $3.64 at press time. The move extended the token’s weekly gain to nearly 50%, making it the top-performing asset among the 100 largest cryptocurrencies over both the daily and weekly timeframes. The rally began shortly after Standard Chartered’s digital assets team launched research coverage on $UNI. In a note dated June 15, the bank argued that Uniswap is positioned to become a key piece of infrastructure for tokenized finance as traditional assets move on-chain. According to Standard Chartered Head of Digital Assets Research Geoffrey Kendrick, tokenized assets active in decentralized finance could expand dramatically over the remainder of the decade. “We initiate coverage of Uniswap with a $UNI-USD price forecast of USD 100 by end-2030, a 40x increase from today’s USD 2.50 level. This would see $UNI outperform both ETH and BTC by end-2030.” NEW: Standard Chartered initiates coverage of Uniswap. The bank forecasts $UNI will rise from roughly $2.50 today to $100 by 2030 — a 40x increase. The thesis: tokenized assets active in DeFi grow 37x this decade, and Uniswap becomes a core piece of trading infrastructure for…

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