Uniswap (UNI) price hit a new historic low

input: Uniswap (UNI) price hit a new historic low. It’s been trading in red for days, and the charts indicate that even further decline is possible.

Uniswap (UNI) price hit a new historic low. It’s been trading in red for days, and the charts indicate that even further decline is possible. The price hasn’t been this low since August.

Will UNI ever recover? Whales don’t think so. Last Wednesday one whale dumped around 2. 25 million of tokens that cost nearly $14 millions!

But if UNI is down, what’s the best replacement for it? BeerBear’s unique gamified approach has already started bringing first big gains to his investors. And it’s just a start!

Uniswap Price Analysis: 21% Weekly Drop Signals Crisis​

Right now UNI’s price is %5.58. It has decreased over 21% around the last week. The infrequent 1-3% price surges are replaced with massive everyday drops, ranging from 5 to 10%. This indicates a clear bearish trend that only gets stronger, as the selling pressure grows.

The amount of daily active addresses also showcases a lack of interest from investors. Right now it’s around 1300. In comparison, during Nov 24, UNI’s Daily active addresses were almost 21k. And this number only kept declining since then. The network is losing what’s left of its popularity and will soon be likely out of demand.

Whales have also seemed to reach the same conclusion, as UNI’s value started bleeding from the frequent sell-offs and massive dumps. The most notable one happened last Wednesday, as one of the whale wallets transferred almost 2.25 Million coins to the exchange platform Kraken. 

If even whales are done with Uniswap, what other alternatives are out there? Uniswap failed to keep the