Cryptocurrency Uniswap Up More Than 7% In 24 hours
Portfolio Pulse from Benzinga Insights
Uniswap's cryptocurrency, UNI, has seen a 7.57% increase in price over the last 24 hours, reaching $6.39. Over the past week, the price has risen over 4.0% from $6.14. The all-time high for UNI is $44.92. Trading volume has surged 174.0% in the past week, while the circulating supply has slightly decreased by 0.14%. The current circulating supply is 753.77 million UNI, about 75.38% of the maximum supply. UNI's market cap is now $4.80 billion, ranking it 21st in the market.
December 22, 2023 | 3:02 pm
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POSITIVE IMPACT
Uniswap's token UNI has experienced a significant price increase and a surge in trading volume, indicating heightened investor interest and potential for continued short-term momentum.
The sharp increase in UNI's price and trading volume suggests a bullish sentiment among investors, which could lead to further short-term price appreciation. The decrease in circulating supply, while minimal, may also contribute to upward price pressure due to reduced availability. However, as cryptocurrencies are highly volatile, the confidence in continued momentum is not absolute.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100