through market analysis we have
identified Uniswap to be the next
Bitcoin
Uniswap annual returns is 26% less than
Bitcoin
Uniswap current undervalued with only a $US6 billion bitcoin at $US700Billion
Yesterday I provided an update on identifying the next bitcoin and it's important to describe why, which is what the delay in the blog post was. I wanted to cross reference what was being stated an insure the information provided was correct. Below I will provide some information on Bitcoin and Uniswap so a clear understanding is provided on how I got to this conclusion.
Bitcoins market cap currently sits at $US732 billion which accounts for roughly 68% of the market and still holds the dominant position. Bitcoin currently generates $US1.4 Billion annually for miners processing transactions.
However, mining rigs continue to require updating, replacement and consumer high amounts of electricity. A large portion of revenue goes towards maintenance and operating costs for miners. Leaving a small window of profits to miners.
Bitcoin continues to be the most popular coin in the sector. A single Bitcoin can very in price but at publication a single coin is $US39,257.
Uniswaps current market cap is $US5.7 Billion accounting for 0.5% of the market. Uniswap currently generates $US1.1Billion annually to stakers of the coin. 26.6% less than Bitcoin. However, uniswap does not require expensive mining machinery and excessive electricity consumption. Netting more revenue and greater profits to stakers.
Uniswap chargers 0.3% fee on every transaction made which is than passed onto stakers who provide liquidity to the pool.
At the time of public Uniswap is currently trading at $US19, a fraction of the cost of Bitcoin and returns just as great.
Uniswap is currently massively undervalued and once more people identify the earning potential it will go on a bull run of its own.
At current, Bitcoin is being promoted as a store of wealth however its popularity is what drives it's price and value increased through halving. But with no potential of generating income other than inflation and hype Bitcoin will not survive the long run of cryptocurrancy.
As currently seen, Investors are looking for Return On Interest (ROI) rather than inflation alone. This puts Uniswap into prize location amongst all other coins to claim top spot.
Uniswap has also suffered greatly from high GAS prices and leads the top spot for most GAS paid over the past 30 days.
As Ethereum moves to close the gap on high GAS prices with its roll out of BETH moving from proof of work to proof of stake, all barriers for uniswap taking top position will be leveled.
What are your thoughts? Does the information provided above provide confidence in Uniswap taking prized position?
