Uniswap Decreases More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
Uniswap's (CRYPTO: UNI) price has fallen 3.38% to $5.83 in the past 24 hours, continuing its negative trend over the past week with a 10.0% loss. The trading volume for the coin has fallen 51.0% over the past week, while the overall circulating supply of the coin has increased 0.29% to 753.77 million. The current market cap ranking for UNI is #18 at $4.40 billion.
August 07, 2023 | 3:00 pm
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NEGATIVE IMPACT
Uniswap's price has fallen 3.38% in the past 24 hours, and 10.0% over the past week. The trading volume has decreased by 51.0% over the past week, while the circulating supply has increased by 0.29%.
The decrease in Uniswap's price, coupled with a decrease in trading volume, indicates a negative short-term impact. The increase in circulating supply could further pressure the price as it suggests a higher availability of the coin.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100