Standard Chartered: UNI Target Too Low
Standard Chartered calls its $100 UNI target too conservative as Uniswap protocol revenue triples and Robinhood Chain fuels $90M annualized burns.
SourceAnalysis
Standard Chartered now deems its own 2030 $100 UNI target too low after Uniswap protocol revenue tripled since July, with Robinhood Chain accounting for 60 percent and driving $90M annualized UNI burns.
UNI price prediction models must now factor this revenue surge alongside the 4h chart where price sits at $3.47 inside the Bollinger band, testing lower support at $3.32 while RSI at 29.2 flashes oversold and the MACD death cross keeps the 50-EMA resistance at $3.82 firmly in place.
Matt Hougan
@Matt_HouganBitwise Invest's CIO and FutureProof co-founder, former ETF.com CEO bringing deep investment expertise to digital assets.