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Unilend price prediction: What is unilend (UFT)?

By Peter Henn

Edited by Charlie Mellor

12:58, 13 December 2022

Representation of a golden unilend token on black background
What’s next in store for UFT? – Photo: Shutterstock

The UniLend protocol claims to have more possible crypto options than anywhere else, but what is unilend (UFT)? Let’s see what we can find out about its native UFT token, and also examine some of the unilend price predictions that were being made as of 13 December 2022. 

Unilend explained

In the world of cryptocurrency, one of the most important ideas is that of decentralised finance (DeFi). This is the idea that people should be able to access financial services without having to go to centralised banks and institutions.

An often-cited report by the World Bank issued in 2017 found that there were 1.7 billion people across the world who did not have a bank account, but roughly 66% of them owned a mobile phone. Supporters of DeFi hope to reach out to these people, which would promote financial inclusion across the planet. 

If you want to know what DeFi can do – or, to be perhaps a little more accurate, what DeFi would like to be able to do – then the answer is that it aims to do everything that regular finance can do.

There are two ideas that DeFi advocates like to talk about and these are, ultimately, linked to the same thing – cryptocurrency. The first is the idea of trading crypto. This is, perhaps even more so than DeFi and the concept of blockchain technology itself, the core usage of crypto. After all, if it cannot be bought, sold or traded then it is unlikely for a coin or a token to have any sort of value, which goes against the actual point of crypto.

Another thing that DeFi evangelists want is for DeFi and, by extension cryptocurrency itself, to be used for loans. The idea is that, by having crypto being made available in loans, this should increase the usage of crypto and, again by extension, help it to gain mainstream acceptance. 

One platform that is designed to combine crypto trading with crypto loans is UniLend. This service is designed to do something that other protocols don’t do.

As the system’s whitepaper says, the issue is that many DeFi protocols only deal with a fraction of the cryptocurrencies out there, noting: “Some protocols offer lending and borrowing with a limited set of tokens while others offer the freedom to trade any ERC-20 assets but neglect the lending and borrowing aspect.

“UniLend is bridging that gap by combining the decentralisation aspect of enabling any ERC-20 to be utilised as collateral for lending and borrowing while providing the flexibility for users to also trade their assets in-platform. Ultimately, UniLend aims to unlock the full potential of digital assets for their owners.”

Every blockchain-based network needs to have its own native cryptocurrency, and UniLend has the conveniently named unilend token, also known by its ticker handle of UFT. This crypto is intended to be used to help people run the platform, with the crypto’s holders able to vote on proposals for changes in the network. 

Something we need to mention here is that, because UFT is based on the Ethereum (ETH) blockchain, it is a token, rather than a coin. You might see references to such things as a unilend coin price prediction, but these are wrong. 

Unilend price history

UFT price history chartUFT price history from launch to present – Credit: CoinMarketCap

Let’s now cast our eyes over the UFT price history. While past performance should never be taken as an indicator of future results, knowing what the token has done in the past can give us a useful context when it comes to either making or interpreting a unilend price prediction. 

When UFT first came onto the open market in October 2020, it was worth about $0.75. It experienced some peaks and troughs over its first few months, but things changed, largely for the better, in early 2021.

It was around this time that the cryptocurrency market went through a significant boom phase, and unilend’s token responded in kind. The peak of this phase came on 23 February, when it reached an all-time high of $4.39.

Although it cooled down after this, it was still worth more than a dollar until late May, when market conditions saw it spend the summer in the doldrums before recovering, along with the rest of the market, in August. However, it could not hold on to its position above $1 and it ended up closing the year at $0.625.


0.12 Price
-1.680% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 0.0012872


0.62 Price
+5.620% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 0.01168


379.10 Price
-2.220% 1D Chg, %
Long position overnight fee -0.0753%
Short position overnight fee 0.0069%
Overnight fee time 21:00 (UTC)
Spread 2.50


64,813.85 Price
+0.060% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 21:00 (UTC)
Spread 106.00

While 2021 was, on the whole, a positive year for crypto, 2022 has been one to forget and unilend has suffered along with the rest of the market. While there was an initial price growth to $0.6687 on 3 January, things soon went down and, on 16 March, it reached a periodic low of $0.3541.

While there was a recovery of sorts later in the month, culminating in a high of $0.5417 on 1 April, things went really bad in May. The depegging of the UST stablecoin and the collapse of the associated LUNA cryptocurrency saw UFT fall to an all-time low of $0.07116 on 12 May.

Although there was some recovery after that, most notably with a freakish spike of $0.5747 on 17 September, the collapse of the FTX (FTT) exchange saw it drop to $0.2175 on 9 November.

The following month, though, the news that it was to be listed on the WazirX exchange saw it rally and, on 13 December 2022, it was worth about $0.33. At that time, there were a little over 31 million UFT in circulation out of a total supply of 100 million. This gave the crypto a market cap of about $10m, making it the 703rd largest crypto by that metric. 

Unilend price prediction round-up

With that all over and done with, let’s take a look at some of the unilend price predictions that were being made as of 13 December 2022.

It is important to remember that price forecasts, especially for something as potentially volatile as cryptocurrency, very often turn out to be wrong. Also, many long-term crypto price predictions are made using an algorithm, which means that they can change at a moment’s notice. 

First, CoinCodex had a short-term UFT price prediction that suggested the token could be in a good place over the next month or so. The site suggested unilend could be worth a little over $0.34 by 18 December before continuing to grow to reach a potential $0.522699 by 12 January. The site’s technical analysis was bullish, with 24 indicators sending out positive signals against just five making bearish ones. 

CoinArbitrageBot was also upbeat with its unilend crypto price prediction. The site reckoned UFT could reach a little over $0.95 at some point in 2023 before going up to $1.69 the following year. It then made a unilend price prediction for 2025 that estimated the token could trade at a little below $2.74 before it could go to just over $4.43 in 2026. How much weight you give this particular prediction will depend on whether you believe, having made sure to do your own research, you believe that UFT can rise by nearly 200% over the course of the next 12 months and by more than 1,200% in the next four years or so. 

Meanwhile, DigitalCoinPrice offered a unilend token price prediction that said UFT could be worth $0.40 this year, $0.84 next year and $1.18 the year after that. By 2025, the site indicated the crypto could trade at $1.43 that year and the next before possibly getting to $1.67 in 2027 and $2.42 the year after. The site then said that the token could close the decade at $3.39 before it went on to make a unilend price prediction for 2030 that it could achieve $4.67 that year $6.31 in 2031. 

Finally, WalletInvestor had a rather bleak unilend price prediction for 2023. It believed that the token was in for a rather tough time over the coming 12 months. The site predicted UFT would fall down substantially and could be worth just $0.0722 on 13 December next year. 

When considering a UFT token price prediction, it’s important to keep in mind that cryptocurrency markets remain extremely volatile, making it difficult to accurately predict what a coin or token’s price will be in a few hours, and even harder to give long-term estimates. As such, analysts and algorithm-based forecasters can and do get their predictions wrong.

If you are considering investing in cryptocurrency coins and tokens, we recommend that you always do your own research. Look at the latest market trends, news, technical and fundamental analysis, and expert opinion before making any investment decision. Keep in mind that past performance is no guarantee of future returns. And never trade with money that you cannot afford to lose.


Is unilend a good investment?

It is hard to tell. A lot will depend on whether UFT can build on its recent recovery, as well as how the market as a whole performs. 

Remember, you should always carry out your own thorough research before making an investment. Even high market cap cryptocurrencies can be affected by bear markets. So investors should be prepared to make losses, rather than expect gains, and never purchase more than they can afford to lose.

Will unilend go up or down?

No one can really tell right now. While CoinArbitrageBot is very bullish when it comes to a future UFT price, on the other hand WalletInvestor strikes a far more gloomy and bearish note. It is important to recognise that price predictions turn out to be wrong more often than not, and that prices can, and do, go down as well as up. 

In volatile cryptocurrency markets, it is important to do your own research on a coin or token to determine if it is a good fit for your investment portfolio. Whether UFT is a suitable investment for you depends on your risk tolerance and how much you intend to invest, among other factors. Keep in mind that past performance is no guarantee of future returns. And never invest money that you cannot afford to lose.

Should I invest in unilend?

Before you decide whether or not to invest in unilend, you will have to do your own research, not only on UFT, but on other DeFi related coins and tokens. 

Ultimately, though, this is a question that you will have to answer for yourself. Before you do so, however, you will need to conduct your own research and never invest more money than you can afford to lose because prices can go down as well as up.

Markets in this article

Ethereum / USD
3429.87 USD
-14.74 -0.430%
LUNA2.0 to USD
0.4579 USD
-0.0034 -0.760%

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