Uniswap Falls More Than 7% In 24 hours
Portfolio Pulse from Benzinga Insights
Uniswap's (CRYPTO: UNI) price has fallen 7.99% to $6.15 in the past 24 hours, contrasting its positive trend over the past week where it experienced a 5.0% gain. The trading volume for the coin has increased 114.0% over the past week, while the overall circulating supply of the coin has decreased 0.08%. The current market cap ranking for UNI is #17 at $4.63 billion.
August 04, 2023 | 11:58 am
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NEGATIVE IMPACT
Uniswap's price has fallen 7.99% in the past 24 hours, but has seen a 5.0% gain over the past week. Trading volume has increased 114.0% over the past week.
The significant drop in Uniswap's price in the past 24 hours, despite a positive trend over the past week, indicates a potential short-term negative impact on its price. The increase in trading volume suggests heightened interest, which could lead to increased volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100