After its launch last year, DeFi platform Uniswap has grown in popularity, which has benefited holders of UNI tokens, including those who received them for free as one of the platform’s early users.
Uniswap’s unicorn logo is fitting. In the business world, a unicorn is a startup that has seen rapid success and has a market capitalization of more than $1 billion.
In less than a year, the overall market capitalization of UNI has risen to more than $17 billion, with the incredibly popular DeFi swapping platform seeing regular trading volume of more than $1 billion.
According to newsbtc.com, UNI’s value dropped to about $800 for those with the 400 free tokens at one point, but those who have kept on since then have more than ten times that initial value to show for their efforts.
The same free UNI are now priced at over $12,000, up from an estimate of roughly $1,200 for the 400 tokens. The price rise occurred in fewer than six months, or 160 days, demonstrating that even a little patience will pay off.
Investors with a lack of foresight who sell early thinking they were getting $1,200 in free cryptocurrencies are likely to be regretful now that the price per coin has risen too quickly, losing out on more than $10,000 in income.
Selling tokens now could result in the same sort of regret if the still young Defi network follows the course that has been going on since the day it was launched. And, if the cost per UNI token continues the same upward trend, the brand would have ensured that any early consumers were a part of the unicorn-like rapid rise.