On November 17th, trader Eugene Ng Ah Sio posted on his personal channel and said, “I am bullish on UNI. Since October 10th, various altcoins have undergone a significant pullback. I think that most of the medium-term selling pressure has come to an end. Almost all investors who were looking to cut losses have exited after five consecutive weeks of pullback.” I believe that in a market rebound situation, altcoins with strong fundamentals will outperform the overall market. And Uniswap has become the market focus due to the latest fee adjustment. Uniswap has several unique selling points: 1. Previously, it had a minimal fund position. It was considered uninvestable by funds because of equity/token holder conflicts and VC sell-offs. 2. It is a leader in the fee narrative. The latest fee adjustment and the team’s 180-degree shift from supporting project teams to supporting token holders have made it the narrative focus. 3. The price is close to the level before the fee proposal announcement. Overall, I think that if the major market cap coins find a bottom in the short term, UNI is likely to outperform in the coming weeks. If the price falls below $6.50 (the level before the fee proposal announcement), then this viewpoint is invalidated.
