In the last bull market, UNI went from 3.3 to 20 almost from “nothing.”

This time around, it’s been shaken out even harder. Excluding wicks, it bottomed at 2.3 and only got as high as 11—and at the time, Bitcoin hadn’t even broken its previous high, and market liquidity hadn’t really started flowing in.

But the conditions are more favorable this time: UNI now has utility and a new narrative, and CME has listed UNI futures, opening the door for institutions to enter and exit for the first time. No other DeFi token has received this kind of treatment—not even AAVE or CRV.

So the logic is simple: if Bitcoin really does make it to 120,000, 150,000, or 180,000, then UNI in the 6s shouldn’t keep you waiting long. 20 is, at the very least, a highly probable target.