Lido Staked Ether Up More Than 4% In 24 hours
Portfolio Pulse from Benzinga Insights
Lido Staked Ether (STETH) has seen a 4.3% price increase over the past 24 hours, reaching $2,056.39, despite a flat performance over the past week. The coin's all-time high is $4,829.57. Trading volume has decreased by 24.0% over the past week, while the circulating supply has risen by 1.63% to 9.12 million, which is the total max supply. STETH's market cap is currently ranked #8 at $18.67 billion.
November 22, 2023 | 7:00 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Lido Staked Ether (STETH) has increased by 4.3% in the last 24 hours, with a current price of $2,056.39 and a market cap ranking of #8 at $18.67 billion. The trading volume has decreased by 24.0%, and the circulating supply has reached its max supply of 9.12 million.
The price increase of 4.3% for STETHUSD is a positive short-term indicator, likely leading to bullish sentiment among investors. However, the decrease in trading volume could suggest less trading interest or consolidation. The fact that the circulating supply has reached its max could imply a reduced potential for inflationary pressure, which might be seen as positive by the market. The confidence in the analysis is high due to the clear data provided, but not absolute due to the complex nature of cryptocurrency markets.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100