LD Capital Founder Jack Yi believes that Uniswap (UNI) has strong potential to reach new highs, following the bullish momentum of Bitcoin and Ethereum. UNI is currently the third-largest holding in the company’s crypto portfolio.
In a recent post, Yi outlined the key strengths of Uniswap’s native token, positioning it as a strong contender in the altcoin market. He expressed confidence in UNI’s prospects, especially as Bitcoin and Ethereum—LD Capital’s two largest holdings—have recently posted significant gains.
“Bitcoin keeps reaching new highs, Ethereum is climbing toward a new peak, and UNI is still trading at just one-third of its all-time high,” said Jack Yi in a post on his official X account. “Once Ethereum’s uptrend is confirmed, UNI could act as a 3x leverage play on ETH. The token offers both strong potential and a high degree of certainty.”
According to data from crypto.news, UNI has been gaining momentum alongside the broader market rally. The token surged over 19% in the past 24 hours, hitting a daily high of $10.77 — still about 76% below its all-time high of $44.92.
At the time of writing, UNI is trading at $10.70 following its recent rally. The surge in price has also driven a significant uptick in trading activity, with daily trading volume rising by 60.20% compared to the previous day. This increase suggests growing market interest and momentum behind the token.
What makes UNI a worthy contender?
According to Jack Yi, UNI still has considerable ground to cover before it can catch up to Bitcoin or Ethereum on the charts. Currently trading at about one-third of its previous all-time high, the token has ample room for growth in this market cycle.
Despite the gap, Yi emphasized that UNI is often seen as “3x Ethereum leverage” — meaning it tends to outperform ETH in percentage gains when Ethereum rallies. For example, while ETH is up 5.19% over the past 24 hours, UNI has surged by 19.05%, nearly quadrupling Ethereum’s growth.
This outperformance is largely due to Uniswap’s position as the largest decentralized exchange on the Ethereum network. It boasts the deepest liquidity and highest trading volume in the ecosystem, making it a direct beneficiary of Ethereum’s success through increased on-chain activity, gas usage, and DeFi engagement.
Yi also pointed to an upcoming governance proposal known as the “fee switch.” If passed, this proposal would redirect a portion of Uniswap’s protocol fees to UNI holders or stakers, effectively introducing real yield and revenue-sharing for the token. This development could enhance UNI’s tokenomics by boosting its utility, demand, and long-term valuation.
Additionally, Yi highlighted the strong community consensus and consistent performance that UNI has shown among leading altcoins, reinforcing its position as a top contender in the current market cycle.
