Uniswap Falls More Than 3% In 24 hours
Portfolio Pulse from Benzinga Insights
Uniswap's (CRYPTO: UNI) price has decreased by 3.03% in the last 24 hours to $7.38, despite an 11.0% uptrend over the past week. The trading volume for UNI has increased by 44.0%, while the circulating supply decreased by 0.08%, bringing it to 753.77 million. UNI's market cap ranks #20 at $5.57 billion.
February 20, 2024 | 7:02 pm
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NEGATIVE IMPACT
Uniswap's price has seen a short-term decline of 3.03% to $7.38, contrasting with an 11% increase over the past week. The trading volume has surged by 44%, and the circulating supply has slightly decreased.
The short-term price decline of Uniswap (UNI) by 3.03% is significant despite its recent uptrend, indicating potential volatility. The increase in trading volume suggests growing interest, but the decrease in circulating supply could imply a tightening market. These factors combined suggest a negative short-term impact on UNI's price, but with high relevance and importance due to its market cap ranking and recent performance trends.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100