Cryptocurrency Uniswap Down More Than 4% Within 24 hours
Portfolio Pulse from Benzinga Insights
Uniswap's (CRYPTO: UNI) price has fallen 4.99% to $5.03 in the past 24 hours, contrasting its positive trend over the past week where it experienced a 9.0% gain. The trading volume for the coin has fallen 2.0% over the past week, while the overall circulating supply of the coin has increased 0.33% to 753.77 million, making up an estimated 75.38% of its max supply of 1.00 billion. The current market cap ranking for UNI is #21 at $3.80 billion.
June 28, 2023 | 3:01 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Uniswap's price has dropped 4.99% in the past 24 hours, despite a 9.0% gain over the past week. The trading volume has decreased by 2.0% while the circulating supply has increased by 0.33%.
The decrease in Uniswap's price and trading volume, despite an increase in circulating supply, indicates a potential oversupply in the market. This could lead to further price drops in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100