A few personal opinions on Uni!

When it comes to the coin $UNI , I believe many people both love and hate it. Clearly the king of DeFi, it has the potential to go head-to-head with centralized finance, yet its performance is nothing short of terrible.

Whenever it seems like it’s doing well, it inevitably disappoints; and whenever it seems to be failing, it surprisingly turns around and impresses.

In fact, the main principles boil down to two:

1. It is too decentralized, with the chips too spread out. If the amount of capital isn't substantial, even if it rises for a short period, it will quickly fall back down.

2. There are simply too many trapped positions above. Unlike ETH and BNB, which have both reached new highs this year, there are basically no trapped positions left above. Compared to the peak price of 48 yuan for Uni, it is indeed very hard to rise.

Conversely, if it wants to break its previous high, it must have a continuous stream of positive news; otherwise, the market can only remain sluggish. #加密市场回调 #UNI