Cryptocurrency Uniswap Rises More Than 4% In 24 hours
Portfolio Pulse from Benzinga Insights
Uniswap's cryptocurrency, UNI, has seen a significant increase of 4.2% in the last 24 hours, reaching a price of $6.84. Over the past week, UNI's value has risen by over 17%, up from $5.83. Despite this growth, it remains far below its all-time high of $44.92. The trading volume for UNI has increased by 11% over the past week, while the circulating supply has slightly decreased by 0.74%, now totaling 753.77 million coins, which is approximately 75.38% of the maximum supply. UNI currently holds the #22 spot in market cap rankings, with a valuation of $5.12 billion.
January 16, 2024 | 3:02 pm
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UNI has experienced a 4.2% increase in the last 24 hours and a 17% increase over the past week, with a rise in trading volume and a slight decrease in circulating supply. The market cap is currently $5.12 billion, ranking it 22nd.
The positive price movement of UNI, accompanied by an increase in trading volume, suggests a growing investor interest and potential for continued short-term upward price momentum. The slight decrease in circulating supply could also contribute to upward price pressure. However, the market's volatile nature and the distance from its all-time high indicate that while the short-term outlook is positive, caution is warranted.
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