Cryptocurrency Uniswap Down More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
Uniswap (CRYPTO: UNI) has seen a 3.43% decrease in price over the last 24 hours, continuing a negative trend with a 38.0% loss over the past week. The trading volume for UNI has increased by 4.0% in the same period, with its circulating supply now at 753.77 million, approximately 75.38% of its maximum supply. UNI's market cap ranks it 24th at $5.16 billion.
April 17, 2024 | 3:00 pm
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Uniswap (UNI) has experienced a significant price drop of 3.43% in the last 24 hours and a 38% decrease over the past week, with an increase in trading volume and circulating supply.
The significant price drop of Uniswap (UNI) over the past week, coupled with an increase in trading volume and circulating supply, suggests a bearish market sentiment. The decrease in price, despite the increase in trading volume, indicates selling pressure. The increase in circulating supply could further dilute the value of UNI in the short term, potentially leading to further decreases in price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100