TechFlow, November 17 — Trader Eugene posted on his personal channel stating, "I am bullish on UNI. Since October 10, the broader altcoin market has experienced significant drawdowns, and I believe most of the medium-term selling pressure has already subsided. Nearly all investors who intended to cut their losses have likely exited after five consecutive weeks of declines.
I believe that during a market rebound, fundamentally strong altcoins will outperform the broader market, and Uniswap, due to its recent fee switch proposal, has become a focal point. Uniswap possesses several unique selling points:
1. Previously had almost no institutional positioning: Due to shareholder/token holder conflicts and VC selling, it was seen as uninvestable by funds.
2. Leader in revenue narrative: The latest fee switch adjustment and the team's complete strategic shift from supporting project developers to supporting token holders have made it a key narrative driver.
3. Price is close to pre-fee-proposal levels.
Overall, if major cryptocurrencies stabilize in the near term, I believe UNI has the potential to outperform over the coming weeks. However, this view becomes invalid if the price falls below $6.50 (the level before the fee proposal announcement)."
