Uniswap’s (UNI) price has recently fallen to $9.0, just short of the $10 mark that many were hoping it would reach. This decline is part of a broader market sell-off, with Bitcoin dropping below $67,000 and Ether falling back to the $3,600s. It’s possible that this sell-off is a reaction to positive news regarding the potential approval of spot Ethereum ETFs by the SEC and the passing of the FIT21 bill through the House. Regardless of the current setback, the Uniswap price could still see a rally in the future. It has broken through its 21 and 50DMAs and could potentially reach $17 later this year. The recent U-turn by the SEC on Ethereum ETFs has also raised hopes that the agency will not charge the Uniswap Foundation, which received a Wells Notice earlier this year. While reaching $50 may seem ambitious, it is not entirely unrealistic. Uniswap hit a high of $45 during the meme coin mania of the last cycle, and the current cycle has already outperformed the previous one in many ways. With a fully diluted market cap of just over $50 billion, a $50 price prediction for Uniswap is not out of reach. In the meantime, investors looking for alternative opportunities may want to consider Dogeverse (DV), a meme coin with high potential. Dogeverse is generating excitement in the market due to its cross-chain capabilities and is currently in presale, having already raised over $15 million. It aims to become the multi-chain equivalent of Dogecoin and will launch on the six most popular blockchains (excluding Bitcoin). Dogeverse’s cross-chain bridging capabilities make it an attractive investment option. Interested investors can participate in the presale before the official token launch on June 5.
