UNI price forecast after the partnership with MoonPay

Uniswap (UNI/USD) now enables users to purchase crypto on the Uniswap Web App through the usage of a credit card, debit card, or bank transfer directly on Web3.

What this means is that now users can convert from FIAT to crypto onto Ethereum (ETH/USD), Polygon (MATIC/USD), Optimism (OP), and Arbitrum within the span of minutes,

Uniswap is one of the largest decentralized trading protocols that has gathered a reputation for facilitating automated market trading of decentralized finance (DeFi) tokens.

The MoonPay partnership as a catalyst for growth

Through an official announcement made on December 20, 2022, Uniswap announced that anyone will now be able to buy crypto with a credit card, debit card, or bank transfer.

The main goal of this move is to lessen the barrier to DeFi adoption, where users used to rely on centralized exchanges (CEXs) for convenience, despite the risks.

Now, anyone can go directly into DeFi with the Uniswap Web App and buy crypto in over 160 countries through a partnership with MoonPay.

All users need to do in order to pay is to connect their wallet to the Uniswap Web App, click on the wallet dropdown menu, and buy crypto instantly. 

Source: Official Uniswap Blog Post

There are numerous cryptocurrencies supported at launch. The payment methods available depend on the country of residence. 

MoonPay is a crypto payment service that allows users to buy and sell crypto and NFTs using debit cards, credit cards, or bank transfers. It’s a FIAT on-ramp for those looking for a more convenient way to get into DeFi.

Should you buy Uniswap (UNI)?

On December 21, 2022, Uniswap (UNI) had a value of $5.297.

UNI/USD Chart by Tradingview

The all-time high of the Uniswap (UNI) cryptocurrency was on May 3, 2021, at a value of $44.92. Here we can see an increase in value of $39.623 or by 748%.

In terms of the 7-day performance of the cryptocurrency, Uniswap (UNI) saw its low point at $5.22, while its high point was at $5.38. Here we can see an increase of $0.16 or by 3%.

However, when we take a look at the 24-hour performance, the low point was at $5.23, while the high point was at $5.31. Here we can see a $0.08 difference, or by 2%.

With this in mind, investors will want to buy UNI as it can climb to $6 by the end of December 2022.

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