Cryptocurrency Uniswap Down More Than 4% Within 24 hours
Portfolio Pulse from Benzinga Insights
Uniswap's (UNI) price dropped 4.08% in the last 24 hours to $6.48, despite a 6% increase over the past week. Trading volume rose by 48% while circulating supply slightly decreased. Uniswap ranks #24 in market cap at $4.88 billion.
August 26, 2024 | 3:02 pm
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NEGATIVE IMPACT
Uniswap's price has decreased by 4.08% in the last 24 hours, despite a 6% increase over the past week. The trading volume has increased by 48%, indicating heightened interest or activity, while the circulating supply slightly decreased.
The 4.08% price drop in the last 24 hours suggests a negative short-term impact on Uniswap's price. The increased trading volume indicates higher market activity, which could lead to further volatility. The slight decrease in circulating supply is not significant enough to counteract the price drop.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100