Uniswap is an Ethereum token in the protocol of the same name, which simplifies the provision of liquidity and exchange. Crypto coin is popular with traders and has a high speculative value. The most interesting combination of Uniswap to US Dollar is on the Forex market. This currency is used in 90% of transactions, the Euro and the British Pound occupy other positions.
Statistics
The exchange rate of the coin is volatile, the daily change in quotations is at least 10%, and there are 1-2 pronounced peaks, rarely more. Periodically, once every 2-3 months, there is a breakdown of the level. The price falls by 20-30%. It is due to the news background. For example, in some countries, crypto assets got banned so the price fell; in Iceland, they began to mine coins through geothermal energy so the price increased. Also, the quotes are indirectly affected by the rate of the US federal central bank (weakening or strengthening of the dollar) and mentions in social networks and, as a result, the level of demand.
Day trading or long-term investment
If you want to make money on the Uniswap / US Dollar pair, you should consider daily sessions. Due to some features of the coin and the instability of the crypto market, long-term investment is fraught with a complete loss of capital or a significant share of it.
Technical analysis
The coin lends itself to technical analysis. In 2 out of 5 daily sessions, you can determine the trend and even the level breakdown and try to make money on it. Due to the connection with the global financial system, geopolitical and economic risks should be laid in recent analyses.
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