Uniswap Decreases More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
Uniswap's (CRYPTO: UNI) price has decreased by 3.04% in the last 24 hours, falling to $7.34, despite a 4.0% gain over the past week. The trading volume has decreased by 33.0%, and the circulating supply has slightly dropped by 0.28%. Uniswap's current market cap is $5.53 billion, ranking it #20.
January 01, 2024 | 3:02 pm
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NEGATIVE IMPACT
Uniswap (UNI) has seen a price drop of 3.04% to $7.34 in the last 24 hours, with a decrease in trading volume and a slight reduction in circulating supply.
The price drop of 3.04% in Uniswap (UNI) is significant in the short term and is likely to influence investor sentiment negatively. The decrease in trading volume suggests lower investor interest, which could further pressure the price. However, the recent positive trend over the past week may provide some support to the price. The slight decrease in circulating supply is typically a neutral to positive signal, but it seems overshadowed by the price and volume decrease.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100