The market is currently in a major downward trend below $16, according to Uniswap price analysis, and this trend is projected to continue. The currency quickly lost value after rising to $16 on January 8, 2022, when the price increased from $15.6 to $16.1, and sank to $14.5 on the same day. The price continuously increased until it reached $15.3 on January 9, 2022, where it currently trades.