As I thought, UNI tokens have dropped dramatically in price after reaching all time high prices a few days ago.
According to data on the coinmarketcap site, the UNI token fell by -24%, imagine three days ago the price of
UNI tokens was still at $ 8. Whereas now it is down to $ 4, there must be a lot of FOMO by buying UNI tokens
at peak prices.Therefore, don't be interested in investing in coins that are hype, as a result, we can lose money
for buying at the peak price.
Anyone who actually thought it would rise up past $10 was sorely disappointed when Bitcoin took a tumble. Even a socalled dex governance token has correlation to Bitcoin in the end, so what does this tell you about them? People are speculating of course, not using it to help vote at all.
The effect of hype is beyond our control, and if people still managed to believed on that; possibly we will experience big increase. If demand rises, I think $10 was too small value, because it could reach double or triple of that expected value. But what's important is to determine the market trend once it will hit the peak price, eventually it might crash surprisingly and you wouldn't be able to grab your profit in the long run.