Cryptocurrency Uniswap Down More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
Uniswap's cryptocurrency UNI has seen a 3.8% decrease in price over the last 24 hours, continuing a negative trend with a 5.0% loss over the past week. The trading volume for UNI has decreased by 16.0%, while its circulating supply has slightly increased. Currently, UNI's market cap ranks it 26th at $5.37 billion.
May 10, 2024 | 7:02 pm
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NEGATIVE IMPACT
Uniswap's UNI has experienced a 3.8% price drop in the last 24 hours and a 5.0% decrease over the past week, with a decrease in trading volume and a slight increase in circulating supply.
The price drop of 3.8% in the last 24 hours and the overall 5.0% decrease over the past week indicate a negative short-term trend for UNI. The decrease in trading volume suggests lower investor interest or activity, which could further pressure the price. However, the slight increase in circulating supply might not have a significant impact due to its relatively small magnitude. Given these factors, the short-term outlook for UNIUSD is likely negative.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100