Standard Chartered’s Geoff Kendrick believes his previous $100 UNI target for 2030 may actually be too conservative.
One reason is Uniswap’s growing token burn mechanism. If activity on Robinhood Chain continues to increase, more fees could potentially translate into higher UNI burns and stronger long-term supply pressure.
Of course, this doesn’t guarantee a $100 price. The real test will be whether Uniswap can maintain strong adoption, trading volume, and sustainable network activity over the coming years.
If the burn rate keeps accelerating, UNI could become an interesting long-term DeFi play.
Not financial advice. DYOR.
#UNI #Uniswap #DeFi #Crypto
One reason is Uniswap’s growing token burn mechanism. If activity on Robinhood Chain continues to increase, more fees could potentially translate into higher UNI burns and stronger long-term supply pressure.
Of course, this doesn’t guarantee a $100 price. The real test will be whether Uniswap can maintain strong adoption, trading volume, and sustainable network activity over the coming years.
If the burn rate keeps accelerating, UNI could become an interesting long-term DeFi play.
Not financial advice. DYOR.
#UNI #Uniswap #DeFi #Crypto