Is Unifi Protocol DAO the future of decentralized finance? Operating as a multi-chain DeFi ecosystem, Unifi Protocol DAO connects blockchain networks through its groundbreaking tools, like the uBridge and uTrade, allowing seamless asset transfers and decentralized trading. Launched in 2018, it quickly expanded, introducing an Automated Market Maker (AMM) and unique “no-stake farming” options by 2020. Now, with ambitious plans for its own blockchain and expanded DeFi features, Unifi Protocol DAO ($UNFI) is setting new standards in multi-chain decentralization. Could this be the game-changer DeFi has been waiting for?
Maximum Token Supply
It has a maximum token supply set at 10,000,000, with a current circulating supply of 4,515,405 tokens.
Price today
The current live price stands at $2.709527 (UNFI/USD), with a market cap of approximately $25.72 million. In the past 24 hours, It has surged by 66.54%, fueled by a robust trading volume of $533 million.
Price History
The price history shows recent volatility. Today, it saw a strong increase of $1.082534, up by 66.54%. Over the past 30 days, however, the price dropped slightly by $0.037483, a decrease of 1.36%. Extending to 60 days, declined by $0.563884, marking a 17.23% loss. Over the last 90 days, the price fell by $1.082386, down by 28.54%, indicating a broader downtrend before today’s surge.
Price Information
24-Hour Low: $1.590393
24-Hour High: $5.710242
All-Time High: $43.91
Price Change (1 Hour): -0.31%
Price Change (24 Hours): +66.54%
Price Change (7 Days): -3.27%
This data highlights significant 24-hour volatility, with a strong positive shift while still showing a moderate weekly decline.
Market Information
It currently holds a popularity rank of #740, with a market cap of $25.72 million. Over the past 24 hours, trading volume has surged to $533 million, indicating active trading interest. With a circulating supply of 9.49 million UNFI tokens, this represents 94.91% of its maximum supply in circulation, underscoring strong market engagement for the token.
Daily Price Prediction
Based on projected trends, Unifi Protocol DAO is expected to see a gradual 5% increase, potentially reaching around $2.42772 by the end of this week. Daily predictions indicate a steady rise, with prices estimated at $2.425449 by October 26, 2024, and $2.425774 by October 27, 2024. Looking further ahead, it is expected to reach approximately $2.435195 by November 25, 2024, reflecting a consistent upward trend.
Price Prediction 2024-2030
The long-term outlook for Unifi Protocol DAO suggests potential steady growth, with a projected increase of around 5% by 2030, bringing its value to approximately $3.250334. Current predictions reflect a bullish sentiment, with gradual price increases each year: reaching $2.425449 by the end of 2024, $2.546722 in 2025, $2.674058 in 2026, $2.807761 in 2027, and ultimately $3.250334 in 2030. This positive consensus highlights confidence in UNFI’s growth as the protocol continues to expand in the decentralized finance space.
Will Unifi Protocol DAO (UNFI) Hit New Highs?
Looking ahead to 2024, Unifi Protocol DAO has strong potential to reach new highs. The current bullish sentiment, driven by predictions of steady price increases, suggests a positive outlook. Key factors such as ongoing technological developments—like plans for a dedicated blockchain—and increased adoption of its decentralized finance solutions could enhance demand for $UNFI. Additionally, if the broader cryptocurrency market remains favorable, it may break through critical resistance levels. However, investors should stay vigilant, as market volatility could impact price movements.
FAQ’s
What factors influence the price of UNFI?
The price is influenced by market sentiment, technological developments, overall market trends, adoption of its platform, and trading volume.
What is the all-time high price of UNFI?
The all-time high price of Unifi Protocol DAO is $43.91.
How can I buy UNFI?
It can be purchased on various cryptocurrency exchanges such as Binance. Users need to create an account, deposit funds, and trade.
Is Unifi Protocol DAO a good investment?
As with any investment, it is essential to conduct thorough research and consider market conditions. The current bullish sentiment may indicate potential growth, but risks remain in the volatile crypto market.
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Disclaimer: The information provided in this article is for educational and informational purposes only and does not constitute financial advice. Cryptocurrency investments are highly speculative and come with significant risks. Prices and predictions are based on current data and historical trends, and actual market conditions can vary. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions. The author and publisher are not responsible for any losses or damages resulting from the use of this information.
