Uniswap Soars 40% Amid Fee Swap, Analysts Tip BEST as Next Crypto Exchange Token to Explode

The crypto market is amassing bullish momentum this week, but Uniswap’s native token, UNI, is standing out with above-average gains. It has soared by a whopping 40% over the last 24 hours, making it the best-performing top-100 crypto.

Uniswap’s rally was fueled by a proposal in the ecosystem DAO that would completely redefine how the project operates. The main alteration would see a portion of protocol revenue used to burn millions of UNI tokens, thereby increasing scarcity and potentially buoying positive price movements.

But as Uniswap rallies, traders are now seeking alternative plays within the same narrative that could ride the wave and generate big gains within the coming weeks. One project garnering an alot of attention is Best Wallet Token, which is set to debut on exchanges in just 17 days.

It’s a multichain Web3 wallet with a built-in DEX, futures trading, and governance infrastructure, alongside much more. It follows a similar, albeit more comprehensive, playbook to Uniswap – and that’s why it’s tipped as the next crypto exchange token to explode.

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UNI Price Rockets After “UNIfication” Announcement

Uniswap Labs and Uniswap Foundation, two of the main entities that lead the ecosystem’s development, have united in a sweeping effort to restructure how Uniswap operates.

The proposal, which they called “UNIfication” in a blog post dated November 11, aims to align incentives across the Uniswap ecosystem by redirecting a portion of trading and Unichain fees to a Uniswap burn mechanism, where they’ll be permanently destroyed. This is expected to benefit UNI holders, since the shrinking supply will increase scarcity and, by extension, the token’s long-term growth potential.

DeFiLlama data shows that Uniswap has generated $222 million in fees over the past 30 days, representing an annualized rate of $2.7 billion. Furthermore, the proposal suggests a retroactive burn that would destroy 100 million UNI tokens from the treasury, equivalent to 10% of the total supply.

Other changes include Uniswap Foundation absorbing Uniswap Labs. It also says that Uniswap Labs will shift its focus to protocol growth and ensuring all future monetization is tied directly to UNI holders’ interests.

UNI currently trades at $9.13, up 79% this week and 40% today. Its weekly return translates to an increase of around $2.7 billion in market capitalization, underscoring the pivotal ramifications that governance proposals can have on crypto prices.

This intersection, where community-led governance meets DeFi innovation, is also precisely where Best Wallet Token operates, and that’s capturing investor attention. One respected analyst recently backed BEST for 100x gains – so let’s see what it’s all about.

Analyst Tips BEST for 100x Rally With 17 Days Until IEO

Best Wallet Token is the native utility coin of Best Wallet, a multichain Web3 wallet that supports over 60 networks and offers features well beyond those of most crypto wallets.

Notably, it has a cross-chain DEX that integrates Onramper to always provide the best price for token swaps, whether you’re exchanging BTC for ETH or a random low-cap meme coin for XRP or SOL. Then there’s a futures trading DEX, allowing users to natively trade tokens with leverage – MetaMask doesn’t have that, nor does Uniswap.

And it doesn’t stop there. A presale launchpad, a staking aggregator, and even a crypto debit card are available. These are the kind of things you’d normally need 3-5 different DeFi tools to access.

At the heart of Best Wallet is the BEST token, providing governance rights, access to exclusive promotions on partner projects, trading fee discounts, and higher staking yields. This innate utility is why top analyst RJ from Cryptonews recently backed BEST for 100x gains.

The BEST token is currently available to buy via a presale, which has raised $16.9 million so far, making it one of the top DeFi fundraising events underway.

However, the presale is set to close in 17 days, and BEST will then list on the open market. As such, those hoping to secure the current early-bird price of $0.025925 have no time to waste.