Cryptocurrency Uniswap Down More Than 5% Within 24 hours
Portfolio Pulse from Benzinga Insights
Uniswap's (UNI) price dropped 5.87% in the last 24 hours to $7.24, despite an 8% increase over the past week. Trading volume rose 32% while circulating supply slightly decreased. Uniswap's market cap is $5.45 billion, ranking #24.
October 01, 2024 | 3:03 pm
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NEGATIVE IMPACT
Uniswap's price has decreased by 5.87% in the last 24 hours, despite a weekly uptrend. The trading volume has increased significantly, indicating heightened market activity.
The 5.87% price drop in the last 24 hours suggests a negative short-term impact on Uniswap's price. The increase in trading volume indicates increased market activity, which could lead to further volatility. The overall market cap and ranking provide context for its market position.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100