Cryptocurrency Uniswap Up More Than 11% In 24 hours
Portfolio Pulse from Benzinga Insights
Uniswap's (CRYPTO: UNI) price has risen 11.83% to $4.6 in the past 24 hours, continuing its positive trend over the past week with a 4.0% gain. The trading volume for the coin has risen 49.0% over the past week, diverging from the circulating supply of the coin, which has decreased 1.98%. The current market cap ranking for UNI is #23 at $3.44 billion.
November 01, 2023 | 7:00 pm
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POSITIVE IMPACT
Uniswap's price has risen 11.83% in the past 24 hours, and its trading volume has increased by 49.0% over the past week. This positive trend could potentially continue in the short term.
The increase in Uniswap's price and trading volume indicates a positive market sentiment towards the cryptocurrency. The decrease in circulating supply could also contribute to the price increase due to the supply-demand dynamics. Therefore, the short-term impact on UNIUSD is likely to be positive.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100