Cryptocurrency Lido DAO Decreases More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
The price of cryptocurrency Lido DAO (CRYPTO: LDO) has decreased by 3.25% over the past 24 hours to $1.78, despite an uptrend of 3.0% over the past week. The trading volume for the coin has fallen 19.0% over the past week, while the circulating supply has increased by 0.8% to 890.22 million, making up an estimated 89.02% of its max supply of 1.00 billion. The current market cap ranking for LDO is #36 at $1.59 billion.
October 31, 2023 | 3:00 pm
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Lido DAO's price has decreased by 3.25% in the past 24 hours, despite a weekly uptrend. The trading volume has fallen by 19.0% over the past week, while the circulating supply has increased by 0.8%.
The decrease in Lido DAO's price, coupled with a decrease in trading volume, suggests a potential lack of demand for the coin. However, the increase in circulating supply could put further downward pressure on the price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100