Uniswap (UNI) recorded a price increase of 2.4% against the US dollar, reaching approximately $6.02 during the 24-hour period ending at 13:00 PM ET on December 3, 2023. The total market capitalization of Uniswap now stands at an impressive $3.80 billion, with around $306.85 million worth of UNI traded across various exchanges within the same timeframe. Despite this recent uptick, Uniswap has experienced a decline of 2.3% against the dollar over the past week.
Overview of Uniswap’s Market Performance
Each Uniswap token is currently valued at about $6.02 or 0.00006497 BTC on major trading platforms. The trading activity reflects a robust interest in the cryptocurrency, though it has seen fluctuations in its value recently. Investors keen on trading Uniswap typically begin by purchasing Bitcoin or Ethereum, as direct transactions in US dollars are often unavailable for alternative cryptocurrencies. Notable exchanges for these initial transactions include Changelly, Coinbase, and GDAX.
Uniswap, a proof-of-stake (PoS) token utilizing the Scrypt hashing algorithm, was first introduced to the market on September 17, 2020. The total supply of Uniswap is capped at 1 billion tokens, with a circulating supply of 630,330,528 tokens. This significant distribution reflects its growing adoption and use within the cryptocurrency market.
Engagement and Community
For those interested in staying informed about Uniswap and related cryptocurrencies, several online resources are available. The official website, uniswap.org, provides comprehensive information, while social media accounts on platforms like Twitter and Facebook facilitate community engagement. Additionally, the Uniswap subreddit on Reddit serves as a discussion forum for enthusiasts and investors alike.
As Uniswap continues to evolve in the cryptocurrency landscape, its performance and community engagement will likely play a pivotal role in its future trajectory. The current market dynamics indicate a complex interplay of trading patterns and investor sentiment, making it a noteworthy subject for ongoing observation in the digital currency arena.
