Learn more about the pros and cons of investing in Uniswap that will push you ahead to know if now is the right time to invest in Uniswap.
Uniswap is a DeFi coin and maybe the missing piece to your investment success puzzle. In this article, we are going to take an extensive look as to why you might consider investing in Uniswap, the pros and cons, and what exactly to look out for.
Before deciding on investing in Uniswap, you must have done an extensive research to understand what you are getting your money into. This is because numerous social media feeds only report gains and not losses. Investing in Uniswap with no prior knowledge about the possibilities of the DeFi coin increases your chances of making huge losses which can disrupt the flow of your personal life.
First and foremost, UNI is not your usual cryptocurrency. Instead, it is a decentralized finance (DeFi) coin, an ERC-20 token that offers something different from the traditional cryptocurrencies we have on the market.
Unlike Bitcoin, Litecoin, Dash, Dogecoin, and Bitcoin Cash that are used as transactional currencies, UNI thrives on a decentralized finance application.
Uniswap, unlike Binance Coin (BNB), Ether (ETH), Cardano (ADA), Tronix (TRX), and EOS.IO (EOS) that can be used as transactional currencies as well as powering the networks of its issuing blockchains, allows sellers and buyers to exchange ERC-20 tokens in a permissionless and trustless manner.
While such a unique innovation in such a saturated market provides a great opportunity for investments, you must know what Uniswap is. Since no investment is perfect, what is the purpose of Uniswap, and what are the potential pitfalls to watch out for before investing in Uniswap?
If you want to buy or invest in Uniswap (UNI) easily and quickly, with 0% commission, checkout eToro exchange!
What is Uniswap?
Uniswap is a popular decentralized trading protocol that leverages global liquidity pools to facilitate the creation of unique markets for any pair of assets and employs an automated liquidity protocol as its trading model. Uniswap can also be referred to as a decentralized exchange known for playing the role of a facilitator in automated trading or decentralized finance tokens. It was founded by software developer Hayden Adams and released in November 2018 through the Ethereum Network as an ERC-20 token.
Uniswap effectively exists as two separate but interconnected entities.
- Uniswap Decentralized Exchange - this DEX allows direct peer-to-peer cryptocurrency transactions to occur online safely and securely without any intermediaries. This process allows users to hold their keys while trading by employing liquidity solutions from order books to liquidity pools and many more. The absence of intermediaries means that Uniswap has taken on a non-custodial framework. Users retain custody of their cryptocurrency and are responsible for the management of their private keys and wallet.
- UNI - this is the ticker symbol the DeFi coin trades on exchanges and brokerages. It is the token that governs the Uniswap decentralized exchange. Additionally, holders of UNI control the treasury of the community. This enables them to indulge in token staking as well as split fees that are earned by the liquidity pool.
The idea behind Uniswap is to simplify how buying and selling of digital assets are made. Typically, the centralized systems that process transactions may lack the required liquidity due to network congestion and complications.
And this often results in costly payments, long waiting times for transactions to be initiated, and results in elements of unreliability.
Uniswap offers an alternative platform that can swap any two Ethereum-built assets seamlessly atop an underlying liquidity pool. Highly accessible liquidity pools democratize borrowing and lending on the platform.
Ready to Invest in Uniswap
Just a couple of years after its release, Uniswap has become the most popular decentralized application (DAPP) on Ethereum’s platform. Uniswap plays an integral role in furthering the innovation of financial protocols as well as the adoption of decentralized financial instruments across the crypto finance market. This is the primary reason why the DEX has experienced tremendous growth in 2021. As per data retrieved from Dune Analytics, Uniswap controls 74.6% of the decentralized exchange space.
Slowly but surely, Uniswap has reached 50 million all-time trades and has more than 72,000 liquidity providers. Uniswap is integrated with Coinbase and more than 200 DeFi integrations.
At the time of writing, there is $8.29 billion as a total value locked (TVL) in Uniswap. Uniswap happens to be the 5th by TVL Ethereum DAPP and has gained 6.48% in TVL in the last 24 hours.
Today, Uniswap is used by thousands of DeFi fans across the crypto finance space.
For several crypto and financial analysts, Uniswap has the potential to disrupt centralized cryptocurrency exchanges and become the primary network for standardized, secure, and reliable trading.
Many crypto analysts believe Uniswap will continue to be the leading exchange to scale in response to the demand for digital assets that have skyrocketed due to unsophisticated traders and investors. The new trading features which are updated from time to time, its functionality, and accessibility to an ever-growing market helps Uniswap serve customers interested in several digital assets.
To help you understand and make informed decisions about your next market move, here are the pros and cons of investing in Uniswap.
Trading Education has over 5,000 highly researched articles about cryptocurrencies and DeFi coins. If you want to know the pros and cons of investing in Uniswap so that you can figure out if it is a good idea to invest in Uniswap, you are on the right e-learning platform to help guide your decisions.
Check Out: Uniswap Price Predictions
The Pros of Investing in Uniswap
Numerous crypto analysts and experts have forecast a bright future for UNI. This makes UNI an attractive investment option for traders and investors. Here is a quick look at why UNI is a good investment.
✅ UNI is a Large Cap Asset
An asset’s market capitalization is extremely important in determining its stability. A large-cap asset investment is defined as the value of a cryptocurrency that has a market capitalization of $10 billion or more. This helps growth and value investors since the digital asset is less likely to come across a business or economic circumstance which can render it extinct or force the whole project out of operations completely.
UNI is close to being a large-cap asset again because it has a market capitalization of $8,871,406,875. Despite a ban of cryptocurrencies by Turkey in May and Elon Musk and Chinese authorities making statements that saw the plunge of cryptocurrencies, UNI still commands a relatively better price of $14.14 which is less than 68% of its all-time high. Losing close to 40% of its price as a low capped asset may have seen UNI striving for survival in a market that has more than 16,900 coins in circulation.
As a large capped asset, it’s extremely easy to find information about the cryptocurrency online with regards to price forecasts, announcements on upgrades, and partnerships that have a direct impact on its price. Aside from this, due to its long-term prospects, growth, and value investors can include UNI on their portfolios of investments. With price forecasts in the region of $50 and $100, UNI could soar to new price milestones and become a millionaire-maker. What’s more, it can also be used as a hedge against unstable assets which may lead to losses in the future. As the 12th largest digital asset, UNI can improve its capitalization through the liquidity being poured into the decentralized exchange and result in gains in the future.
✅ UNI Can Be Found on Top Cryptocurrency Exchanges
Uniswap appeared on cryptocurrency exchanges on 17th September 2020 as per data retrieved from CoinMarketCap. On its first trading day, UNI recorded a volume of $1,762,718,357 which resulted in a market capitalization of $590 million. Any crypto trading asset needs to gain exposure in the market before it can record great trading volumes and have a substantial market cap.
With such numbers under perspective, UNI can be found on some of the top 10 cryptocurrency exchanges worldwide. This is important since these exchanges are trusted by millions of users who buy, sell, and hold digital assets for the long term. UNI went live on eToro on 19th April 2021. eToro took almost 6 months to list UNI due to a thorough assessment of the cryptocurrency’s performance on the market.
eToro has been on the market as a multi-asset exchange for 15 years and listing UNI means the asset is stable enough to trade for a long time and bring huge returns to traders and investors. Other exchanges that recorded huge daily volumes that list UNI include but are not limited to the largest cryptocurrency exchange in the world, Binance, Coin Tiger, ZG.com, OKEx, and Huobi Global. The mileage being enjoyed by the cryptocurrency contributed not only to the volume of $282,291,363 recorded in the last 24 hours up to the time of writing. It also contributed to the 1,251 transaction count worth $43.32 million in the last 24 hours.
With more listings in the coming months, UNI is going to reach more people. More users mean more liquidity, more trade volume, and increased market capitalization.
Read Also: Is Uniswap A Good Buy?
✅ Increase Users of Uniswap Due to No Verification
Uniswap Exchange does not require any government-issued card for verification purposes. Due to its decentralized nature, the essential process we have all been used to on centralized exchanges called Knowing Your Customer (KYC) is non-existent.
This means that so long as you have an amount of money and you are ready to buy and sell ERC-20 tokens, you can begin your trading journey in a matter of minutes. But why is this important and how does this affect the price of UNI? There are thousands if not millions of people who would want to go about their online activities anonymously.
Unfortunately, the current setting of the centralized exchanges where some anti-money laundering identity verification takes several hours to days to complete is not helping such people.
With no registration needed, thousands of people have been swapping USDC/ETH, WBTC/ETH, USDC/USDT, ETH/USDT, DAI/USDC, DAI/ETH, UNI/ETH, FEI/USDC, WBTC/USDC, and LINK/ETH in the last 24 hours. USDC/ETH is on 22nd place with $4.52 million recorded in the last 24 hours and $19.35 million in the last 7 days.
With prices plunging into new high lows in May, Rich Dad Poor Dad author Robert Kiyosaki has opined that it’s great news. The great news means now is the time to buy cryptocurrencies. With an interest from unsophisticated investors and Binance Research pointing out huge percentages of people using decentralized applications, Uniswap is going to see increased usage which will result positively in its market valuation.
✅ Uniswap Has Unveiled Version 3 Upgrade to Stay On Top of DeFi
Uniswap released Version 3 which coincided with the mainnet launch of Ethereum on 5th May 2021. The team behind Uniswap has opined that it aims to make “Uniswap the most flexible and efficient (automated market maker) ever designed.” The feature of the automated market maker was uniquely associated with only Uniswap. Like all other innovations, others such as Sushiswap and 1 inch which also runs on Ethereum’s Network as an ERC20 token have also enabled the exchange of Ethereum-based assets easily for several crypto natives. Because of this, Uniswap has decided to maintain the first-mover advantage and upgrade its platform. This newer version provides up to 4,000 times capital efficiency relative to Uniswap Version 2. This means that users who so choose to stake their cryptocurrencies and become liquidity providers can earn higher returns on their capital.
This also solves the problem of low slippage. According to Adam Hayes, “Slippage refers to the difference between the expected price of a trade and the price at which the trade is executed. Slippage can occur at any time but is most prevalent during periods of higher volatility when market orders are used. It can also occur when a large order is executed but there isn’t enough volume at the chosen price to maintain the current bid/ask spread.” The efficiency of capital brings low-slippage trade execution to the barest minimum. The executions can surpass stablecoin-focused automated market makers (AMMs) and centralized exchanges.
Version 3 also introduced a feature called concentrated liquidity. This allows liquidity providers (LPs) to set minimum and maximum prices on their portion of any given pool. In simple terms, this helps individual liquidity providers have control over the ranges of prices they’d like to allocate their capital. This increases the potential protocol fee-sharing of the providers of liquidity.
With such an upgrade in process, Uniswap has created a gap between its decentralized exchange and others on the market such as Ethereum-based Sushiswap and Binance-based PancakeSwap. More liquidity is going to be poured into the cryptocurrency to make great returns as an LP. This would in turn take the price of the crypto trading asset to some of the milestone projections being estimated by several analysts and experts.
Don't Miss: 5 Reasons Why Uniswap Could Double Your Money
✅ Uniswap May Be Subjected to an Unbalanced Demand versus Supply
At the time of writing, there are 627,301,984.27 UNI in circulation from a total supply of 1,000,000,000 UNI. This means that only 61% of the total supply has been taken off the total pool.
The primary reason why Bitcoin (BTC) can plunge more than 40% and reach new lows but several analysts through fundamental and technical assessments still forecast a bullish future is because of scarcity. In the future, UNI could follow BTC and become scarce if all the coins are purchased.
The onus falls on Hayden Adams and his team of developers to focus on developing the platform to bring in investors and not continuously add more coins to make its supply infinite.
With the technology at the disposal of Uniswap, it would soon be garnering the same numbers as Binance, Kraken, eToro, Huobi Global, and Coinbase when more people accept cryptocurrencies and decentralized finance applications in general. If more people troop to the platform, they would automatically fall into the group who wants to enjoy rewards (Liquidity Providers), stake more UNI, and patiently wait for the fee-sharing rewards to set in and bring more returns to them.
✅ UNI thrives on a Secure Decentralized Exchange
As an open-source protocol, Uniswap has undergone extensive review by the developer community in the crypto finance space. The conclusion is a secured smart contract coding and a non-custodial platform that gives users extensive control over their private keys and wallets. As a result, hackers do not stand a chance of breaking into the system and absconding with a substantial number of UNI coins. You can use Uniswap, stake UNI, and swap tokens without any fear of outside interference. Such security stabilizes the price of the cryptocurrency and ensures the longevity of the digital asset in the crypto market.
Read Also: Will Uniswap (UNI) Make Me Rich?
The CONS of Investing in Uniswap
There are several pros associated with investing in Uniswap. This does not mean you should forgo the cons associated with investing in Uniswap. No crypto trading asset is perfect. These are some of the pitfalls associated with Uniswap investing that have led to few analysts and experts making conservative forecasts about the cryptocurrency.
❌ Disbursement Leads To Some Decentralization
Decentralization is the hallmark of the crypto finance space. Millions of people have joined the crypto circus because there are no intermediaries (traditional banks, insurance companies, or clearinghouses). Control is in the hands of the community of fans of a particular asset.
Unfortunately, some of the decisions taken on the disbursement of the 1 billion UNI tokens have raised doubts as to its quest to be decentralized. There are whispers in the cryptocurrency and blockchain space that the team behind the project owns 20% to 60% of the coins. Since UNI is associated with governance, this means that token holders have a great say in terms of how the future of the whole technology should go.
Unfortunately, with more UNI in the hands of a significant few and the masses (community) having small tokens, this means the current decision with regards to the Version 3 upgrade of the network could have been in the hands of Hayden Adams and his team. Aside from this, tokens can be manipulated on the part of the team behind the project who can determine the future of the asset’s price.
In the long term, this does not help the genuineness of the decentralized nature of Ethereum since Charles Hoskinson left to make Cardano a decentralized and centralized network. On the other hand, Vitalik Buterin decided to stay decentralized and throw the future of the whole project into the hands of its users. It is quite unfortunate that leaders of a particular DAPP running on his blockchain are failing to follow in the footsteps of the technology entrepreneur.
❌ Uniswap Faces Competition in the Decentralized Exchange Space
Uniswap faces competition from other decentralized exchanges (DEX) on Ethereum such as Sushiswap, Ox Native, Curve, and Token1on. All these exchanges in the last 7 days up to the time of writing have recorded billions of dollars in volume in their respective networks. Aside from this, there is competition from Binance in the form of PancakeSwap.
CAKE has a price of $10.20, has recorded $198 million in daily volume, and has more than $2 billion in total value locked in. In February 2021, when Bitcoin drove the market and recorded new all-time highs, PancakeSwap briefly surpassed Uniswap in trading volume. Aside from this, PancakeSwap has a market capitalization above $2 billion that keeps growing daily. This could affect Uniswap in the future.
Moreover, there are decentralized exchanges on the Stellar Network that command relatively healthy volumes. Also, the company behind EOSIO and its novel token EOS has created an independent entity called Bullish Global. In the months leading up to the end of the year, a cryptocurrency exchange called Bullish will be released to the general public. This will be added to more than 25 exchanges already running on the EOSIO network.
With the arrival of the Internet Computer (ICP) that aims to decentralize all aspects of the internet, Uniswap faces the daunting task of maintaining its current users and adding to that number in the future. The enormous competition in this saturated market may not help Uniswap's quest of commanding relatively higher prices in the long term.
❌ Network Speed is far behind competitors
Uniswap is an ERC20 token and this means it is one of the applications running on the Ethereum network. By default, it succumbs to all the features of the first-mover of smart contracts. Ethereum’s network 1.0 has a major problem and is related to the use of the proof-of-work (POW) algorithm. POW protects the blockchain from hackers but does not scale transactions in a faster manner.
Vitalik Buterin and his team launched Ethereum 2.0 on 1st December 2020 but it’s yet to achieve full functionality. Current smart contract chains Cardano, Tron, Internet Computer, and Binance scale faster than Ethereum. Faster scaling times improve the transaction counts of their novel tokens as they process 1000s of transactions per second while Ethereum can only process 15 to 30 transactions per second at the time of writing.
Uniswap may benefit from Cardano’s completion of the ERC20 converter where DAPPS on Ethereum can run on Cardano’s chain. Or, it could wait for Ethereum to achieve full functionality and enjoy the more than 100,000 transactions per second promised to developers and users through the use of proof-of-stake (POS).
To put it simply, the slow processing speed does not allow UNI to be involved in more transactions. This reduces the liquidity which could be poured into the cryptocurrency and does not help in the future growth of the crypto trading asset.
❌ Susceptible to Crypto News in Bullish Days and Bearish Seasons
As the novel token behind a decentralized exchange (DEX), UNI was supposed to achieve some form of independence from mainstream cryptocurrencies. Unfortunately, this has not been the case.
UNIs price patterns have shown that DeFi coins are also susceptible to unfavourable news that impacts the price movements of parent crypto Bitcoin. Having reached a year high of $44.97 on Monday, 3rd May 2021, UNI responded negatively to tweets from Elon Musk, China, and the Treasury Departments' crackdown on financial institutions that deal in digital assets.
The cryptocurrency moved from new high highs to hit new high lows in the region of $13.90 on Sunday, 23rd May 2021. UNI has done well recovering but may plummet into unfavourable levels that could see you lose a huge part of your capital in the future if a major crackdown engulfs the cryptocurrency market.
As an e-learning organization, we have witnessed thousands of people lose their whole crypto investments. Invest an amount of money you can afford to lose due to the volatility and risks of the crypto market.
How to Invest in Uniswap (UNI) / Where Can I Buy Uniswap (UNI)?
There are numerous ways to invest in Uniswap. There are several exchanges where you can purchase UNI. Although all exchanges provide a great platform that can hold your coins, for the safety and security of your UNI, we’d like to recommend eToro as the exchange of choice.
eToro is a reputable exchange that has offices in the United States, the United Kingdom, Israel, Cyprus, and Australia. Having started in 2006, eToro has served millions of customers over 15 years. After a thorough assessment of the cryptocurrency, eToro has listed UNI. This means that UNI is safe; it’s stable due to its large-cap and runs on a credible blockchain network that can be trusted.
Kindly follow the steps below to make steps towards investing in UNI.
SIGN UP for an account by providing legal details of your name, email & residential address as well as a phone number. Do not be solely vested in the decentralized nature of cryptocurrencies and forgo the essential process of self-identifying. This helps curb fraud at all levels.
VERIFICATION OF YOUR ACCOUNT will follow. Under this, as has been done by several exchanges and brokerages, you’d be required to upload a government-issued identification card that confirms the details earlier on input in the signing up process. The Knowing Your Customer (KYC) phase is integral in protecting your bank account as well as debit & credit cards. If eToro wants to do a thorough assessment of your account, they may require additional documents in the form of bank statements, internet bills, or credit card statements to confirm your residential address.
DEPOSITING FUNDS will allow you to buy your first UNI. Without money in the form of EUR, USD, or GBP, it would be practically impossible to invest in UNI. Upload an amount of money you have set aside to risk on cryptocurrencies. Once this has been done and appears on your account, you can move on to the UNI Page.
NAVIGATE the UNI PAGE to purchase a total number of UNI coins that fit your investment budget. Once done, the transaction would be processed and added to your account.
Editor’s Note; kindly know that millions of people have lost substantial amounts of money through scams and other shady deals. Investing in cryptocurrencies is risky. You can make it less risky by going through such a process, confirming your details and going about your trading and investing duties safely and peacefully.
Is Uniswap a Millionaire-Maker?
In a sense, it already is - UNI has a market capitalization of $16 billion at the time of writing. As we have already discussed, this value continues to rise due to increased usage of the decentralized exchange (DEX) which results in more liquidity on the market through the cryptocurrency.
Being a finite resource with attribution to its supply, the value of UNI is likely going to increase further, as scarcity tends to increase the price of an asset due to unbalanced demand and supply. Please remember that any cryptocurrency investment comes with risks. Because of this, set an amount of money aside from your savings and daily expenses and conduct independent research before you set out to make a final decision on Uniswap.
Practically, Uniswap can become a millionaire-maker in this way. You must consider the price of UNI at the time of purchase, the number of UNI you can purchase with your budget and the price forecast by some of the renowned portals. At $14.14, purchasing at least 6700 UNI with a price forecast of $150 in the next three years by Arslan Butt at FX Leaders in mind, you could become a millionaire. 6700 UNI at $14.14 per coin will cost you $94,738. At a projected price of $150, your 6700 coins will amount to $1,005,000.
Finally, you know the pros and cons of investing in Uniswap. If you are in the mood to start investing in Uniswap (UNI), or this article has provided some extra insight into your existing trading knowledge, you may be happy to know that eToro provides the ability to trade with crypto assets and CFDs on up to 90+ cryptocurrencies.
Is Uniswap a Good Investment?
YES! Uniswap is a good investment if you settle on the price forecasts of analysts and experts at crypto news and prediction portals. With that said, you should know that most investments in the crypto finance space come down to two factors which are risks versus rewards. Do the potential rewards exceed the possible consequences of the risks?
Uniswap certainly has risk factors. The team behind the project holds a substantial number of the coins, faces great competition from Sushiswap and PancakeSwap among others, and it is not a mainstream cryptocurrency for traders and investors.
Have you considered investing in Uniswap?
On the other hand, Uniswap is becoming more and more mainstream and has the backing of several players in the decentralized finance space such as Coinbase to succeed.
Plus, being listed on eToro gives the cryptocurrency mileage for millions of users to patronize the asset. Additionally, its price is relatively lower than Ether (ETH), Compound (COMP), or Binance Coin (BNB) and could be a low barrier of entry for newcomers to DeFi coins. It also provides a great opportunity for highly sophisticated traders and investors to diversify their portfolios without shedding thousands of dollars.
To put it simply, Uniswap is a low-risk investment with lots of long-term rewards. It is better you do some research on it and not solely rely on the fundamental analysis provided in this article before making an investment decision.
The real question therefore is, does investing in Uniswap work? It has worked for thousands of people who have seen a 300% return by the end of last year. Perhaps, it could work for you if you decide to take calculated risks which could lead to huge gains in the future.
eToro – Top Exchange to Buy Uniswap
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Will Uniswap Price Go Up?
According to the experts at CryptoNewsz, Uniswap will go up in the short and long term. CryptoNewsz predicts UNI to fluctuate between $70 & $80 in 2023 and a high of $90 in 2025 after it has revolutionized the entire global page of transactions.
Analyst Arslan Butt at FX Leaders thinks UNI could trade in the price range of $24 to $45 by the end of 2022.
According to the experts at Digital Coin Price, UNI through its use in providing liquidity to thousands of users could go up to $18.21 by the end of 2022. The website that provides accurate crypto market analysis and data foresees UNI trade for a coin at $20.13 (2023), $26.09 (2024), $27.32 (2025), $25.51 (2026) and $47.88 (2027).
Coin Price Forecast predicts UNI could have trading prices of $17.59 & $20.13 by the end of 2022 and 2023 respectively. The crypto news website believes UNI will go up in the long term and command prices such as $29.28 (2025), $34.49 (2026), $34.53 (2028), and $30.12 (2032).
Can Uniswap Reach $100?
According to experts at Digital Coin Price, UNI will reach $100 after 2029 the earlier. Analysts at CryptoNewsz believe UNI could command a trading price of $100 by the end of 2025.
Why is Uniswap so Expensive?
Uniswap is currently trading below $30 and discussions about the DeFi coin being expensive are subjective. UNI is trading at a fraction of Yearn Finance (YFI), Compound (COMP), and Aave (AAVE). It is expensive due to market speculation. The DeFi coin commands a relatively bigger price than Cardano (ADA), Tron (TRX), EOS, Dogecoin, and other mainstream cryptocurrencies because buyers are willing to pay the prices of sellers. This explains the main reason why the asset has a relatively higher price. The price may go higher once the 1 billion coins in total supply have been mined and scarcity sets in.
Can I Buy Uniswap?
Yes, you can buy Uniswap at several cryptocurrency exchanges. UNI is a large-capped asset which means it has a market capitalization of more than 10 billion dollars. The current valuation of UNI stands at $15 billion. This means it could be found on eToro, Binance, Huobi Global, Coin Tiger, OKEx, and Coinbase among a host of others. We’d like to recommend eToro for you as the exchange to investing in UNI since it comes with a 0% commission.
What Will Uniswap Be Worth by 2030?
As per information retrieved from Coin Price Forecast, UNI could reach $34.56 by the middle of the year and end the year with a trading price of $34.57.
Will Uniswap Reach $1,000?
UNI could reach $1,000 in the long term. Based on the release of Version 3, an upgrade of the exchange and liquidity provider rewards, several price forecasts are in a bullish direction. Unfortunately, the next price milestone UNI is expected to cross is $50, $100, $150, and $200. UNI may reach $1,000 in the future but no analysts and experts have made that prediction currently.