Cryptocurrency Uniswap Rises More Than 3% In 24 hours
Portfolio Pulse from Benzinga Insights
Uniswap's cryptocurrency, UNI, has seen a 3.39% increase in price over the last 24 hours, reaching $6.41, continuing a positive trend with a 7.0% gain over the past week. Despite the price increase, trading volume has decreased by 41.0%, while the circulating supply has slightly increased by 0.16% to 753.77 million, which is 75.38% of the max supply. UNI's market cap is currently ranked #22 at $4.85 billion.
December 08, 2023 | 7:00 pm
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Uniswap's UNI has experienced a 3.39% price increase over the last 24 hours and a 7.0% increase over the past week, despite a 41.0% decrease in trading volume. The circulating supply has grown slightly, and the market cap is at $4.85 billion.
The price increase of UNI over both the last 24 hours and the past week suggests a positive short-term trend, which could attract more investors and potentially drive the price up further in the short term. However, the significant drop in trading volume could indicate a decrease in trading interest or liquidity, which might temper the price increase. The slight increase in circulating supply is not likely to have a significant impact on the price in the short term. The market cap ranking provides a positive outlook on the asset's value in the broader market context.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100