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Recently, the native token UNI of the decentralized exchange Uniswap has experienced a significant price fluctuation. Starting from last weekend, UNI has shown a strong upward momentum, successfully breaking through the psychological barrier of 9 dollars and continuing to rise in the following days.
Despite a brief pullback on Tuesday, UNI quickly regained its upward momentum. In particular, on Thursday, UNI's surge was even more vigorous, with a single-day increase of over 7%, successfully breaking through the $10 mark. This momentum was further solidified on Friday, with UNI's closing price reaching $10.87.
During the weekend, the price of UNI exhibited some volatility. Although there was a slight increase on Saturday, Sunday saw a tug-of-war between buyers and sellers, ultimately ending with a small decline. However, this decline did not last long.
At the beginning of this week, UNI once again demonstrated strong upward momentum. On Monday, the intraday high of UNI reached 12.02 USD, and although it slightly retreated by the close, it still maintained an upward trend. On Tuesday, UNI continued to rise, with an increase of nearly 5%, closing at 11.59 USD.
It is worth noting that in the latest trading day, UNI has once again shown a strong upward momentum, with an increase of over 4%. The trading price has surpassed the 12 dollar mark, reaching approximately 12.10 dollars. This means that compared to last weekend's price of around 9 dollars, UNI has increased by more than 30% in just over a week.
The recent surge may be driven by multiple factors, including but not limited to the improvement of overall cryptocurrency market sentiment, the continued development of the Uniswap platform, and its leading position in the Decentralization Finance (DeFi) sector. However, investors should remain cautious and closely monitor market trends, as high volatility in the cryptocurrency market still persists.