Before the market, for fee switch it was “the boy who cried wolf”-style numbness. Only when on-chain revenue finally showed up, and the protocol began to buy back and burn, did the valuation anchor get re-established again.
Today, $UNI reached as high as 9.4. This price has already priced in a lot of expectations. Chasing after it is worse than waiting for a pullback to confirm. The cash-flow logic is sound, but that doesn’t mean the short term isn’t overextended.
Let’s wait and see. Anyway, I don’t have any relevant positions either 🥲
Today, $UNI reached as high as 9.4. This price has already priced in a lot of expectations. Chasing after it is worse than waiting for a pullback to confirm. The cash-flow logic is sound, but that doesn’t mean the short term isn’t overextended.
Let’s wait and see. Anyway, I don’t have any relevant positions either 🥲