Cryptocurrency Uniswap Rises More Than 4% In 24 hours
Portfolio Pulse from Benzinga Insights
Uniswap's cryptocurrency UNI has seen a 4.19% increase in price over the last 24 hours, reaching $6.23, despite a 2.0% decline over the past week. The coin's all-time high is $44.92. Trading volume has decreased by 56.0% over the past week, while the circulating supply has risen by 0.4% to 753.77 million, which is 75.38% of the max supply. UNI's market cap is currently ranked #21 at $4.70 billion.
December 12, 2023 | 7:00 pm
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POSITIVE IMPACT
UNIUSD has experienced a 4.19% increase in the last 24 hours, showing a short-term positive trend despite a recent weekly decline. The decrease in trading volume could indicate less interest, but the increase in circulating supply may suggest more availability to the market.
The short-term impact on UNIUSD is likely positive due to the recent price increase, which could attract more attention from traders and investors. However, the reduced trading volume suggests a potential decrease in immediate demand, which could limit the upside. The increase in circulating supply may have a dilutive effect on the price, but this is offset by the current positive price momentum.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100