PRICE PREDICTION: UNISWAP (UNI), DECENTRALAND (MANA), AND SNOWFALL PROTOCOL (SNW)!
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When conducting price prediction, keep in mind that the cryptocurrency market is very volatile, making it challenging to accurately predict a coin's performance over the short term, let alone the long.
Moreover, before investing, always do your own research—look at the most recent market trends, news, technical and fundamental analysis, and expert opinion.
Uniswap (UNI) Is Still Unstable After the FTX Crash
Following the collapse of cryptocurrency exchange FTX, Uniswap (UNI) fell alongside the rest of the crypto industry, reaching a low of $4.6 on November 9. It then retraced and formed a support level near the 23.6% Fib retracement before soaring to a high of $6.5 on November 15. Its price then fell into a downward trend after failing to close above the 50% level.
Bears are expected to continue dominating UNI, potentially pushing the price to a critical level of $5.4. This level may then see some bullish action as investors buy the dip. A break below this level will result in another drop to $4.6 as the new support.
Higher time frames show a bearish UNI too. The weekly, monthly, and 90-day charts for Uniswap (UNI) all show declines of 3.94%, 10.45%, and 16.91%, respectively.
Uniswap (UNI) was trading at $5.82 at the time of writing, up 0.53% in the last 24 hours. Industry experts predict that Uniswap (UNI) will trade at an average price of $9.86 in 2023 and reach $21 in 2025.
It’s A Strong Sell for Decentraland’s (MANA)
Decentraland's (MANA) market sentiment has been extremely negative in the recent past. Decentraland (MANA) has fallen by more than 50% in three months, 32% in the last month, and 16.82% in just seven days.
Decentraland (MANA) experienced a sharp drop after reaching a high of $0.7448 on November 5 that lasted until November 9, when it made a slight retracement at the $0.43 resistance level. The price then broke through the resistance level and has been on a continued free fall.
MACD and the 200-day moving average all point to a long-term bearish trend. Higher time frames, on the other hand, show consolidated price action, and a breakout at the top would indicate the onset of a bullish trend.
Market experts are bullish on Decentraland (MANA) and the metaverse's prospects. They forecast a price of $1.09 in 2023 and an average price of $2.25 by 2025.
Snowfall Protocol (SNW) to The Moon After Two Successful Rounds of Presale (Phase 2 Of Round 2 Is Almost Complete)
Snowfall Protocol (SNW), the first cross-chain transfer ecosystem designed for fungible and non-fungible tokens, is the topic of conversation right now as it continues to dominate the cryptocurrency market despite the ongoing FTX saga. In its second phase of presale round 2, Snowfall Protocol (SNW) is trading at $0.045. This represents a remarkable increase from $0.05 in the first round and $0.03 in the first phase of the second round.
As the presale round nears an end, Snowfall Protocol (SNW) is projected to reward early investors with 1000% returns upon launch. Snowfall Protocol (SNW) is also being hailed by industry experts as a gem with a 5000x potential in the next bull rally.
With the support of a seasoned team, Snowfall Protocol (SNW) positions itself as a potential market leader and a powerful voice in the future development of web 3.0 technology. The protocol's whitepaper presents Snowfall Protocol (SNW) as both an innovative company and a much-needed industry solution. The protocol envisions a multi-chain future with simpler and more seamless cross-chain interactions.
Click the links below to learn more about Snowfall protocol: