Cryptocurrency Uniswap Falls More Than 4% In 24 hours
Portfolio Pulse from Benzinga Insights
Uniswap's (UNI) price fell by 4.05% to $7.8 in the last 24 hours, despite a 14% gain over the past week. Trading volume increased by 67% while circulating supply decreased slightly. Uniswap's market cap is $5.90 billion, ranking it #22.
October 15, 2024 | 3:02 pm
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NEGATIVE IMPACT
Uniswap's price dropped by 4.05% to $7.8 in the last 24 hours, contrasting with a 14% gain over the past week. The trading volume increased by 67%, while the circulating supply decreased slightly.
The 4.05% price drop in the last 24 hours suggests a negative short-term impact on Uniswap's price. The increase in trading volume indicates heightened market activity, which could lead to further volatility. The slight decrease in circulating supply is not enough to offset the negative price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100