Uniswap Down More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
Uniswap's (CRYPTO: UNI) price has decreased by 3.45% over the past 24 hours to $8.19, despite a weekly uptrend of 1.0%. Trading volume has increased by 124.0% over the past week, while circulating supply has decreased by 0.18%. The current market cap ranking for UNI is #20 at $6.15 billion.
July 16, 2024 | 7:02 pm
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NEGATIVE IMPACT
Uniswap's price has dropped by 3.45% in the past 24 hours to $8.19, despite a weekly uptrend of 1.0%. Trading volume has surged by 124.0% over the past week, while circulating supply has slightly decreased. The current market cap is $6.15 billion.
The 3.45% price drop in the past 24 hours indicates a short-term negative sentiment among investors. The significant increase in trading volume suggests heightened activity, which could lead to further volatility. The decrease in circulating supply is a minor positive factor but is outweighed by the price drop.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100