Amidst a surge in Uniswap's price, a cryptocurrency analyst has predicted a significant rally for UNI, foreseeing it surpassing $10 in the coming days. Analyst Ali Martinez has stirred excitement within the crypto community with a positive outlook on Uniswap (UNI), despite the ongoing legal dispute with the U.S. Securities and Exchange Commission (SEC). Martinez remains bullish on UNI's potential to reach $10, despite the legal uncertainties surrounding the project.

UNI Prepares for $10 Rally

Martinez recently highlighted a TD Sequential buy signal on Uniswap's daily chart, indicating a potential rally that could propel UNI above $10 within the next one to four days. If this rally materializes, the Uniswap price could surge by over 32% from its current value. This optimistic forecast suggests that Uniswap may not follow the same path as XRP, which faced a decline when Ripple Labs entered a legal battle with the SEC. However, even if UNI reaches $10, it would still be 78% below its all-time high of $44.97.

In an interview with Bankless, Uniswap CEO Hayden Adams expressed confidence in overcoming the regulatory challenges posed by the SEC. Adams addressed three main concerns raised by the SEC: whether Uniswap's interfaces act as a broker, if UNI tokens are considered securities, and whether the Uniswap protocol functions as an unregistered securities exchange. Adams emphasized Uniswap's transparency, decentralized nature, and its compliance with regulatory standards, refuting claims of control by Uniswap Labs over the exchange.

Current UNI Price and Market Performance

At the time of writing on Friday, April 19, 2024, the Uniswap price had risen by 4.21% to $7.54. This increase was attributed to a broader market recovery and growing investor confidence. Additionally, UNI's market capitalization stood at $4.52 billion, with a 24-hour trade volume of $179.87 million, marking a 12.31% surge. Adams' unwavering stance on defending Uniswap against the SEC's allegations has bolstered confidence within the Uniswap community, despite the legal challenges the project faces.