Lido Staked Ether Up More Than 3% In 24 hours
Portfolio Pulse from Benzinga Insights
Lido Staked Ether (STETH) has seen a 3.14% increase in price over the last 24 hours, reaching $2,265.10, despite a 4.0% decline over the past week. The coin's all-time high is $4,829.57. Trading volume has decreased by 43.0%, while the circulating supply has risen by 0.62% to 9.24 million, which is the total max supply. STETH's market cap is currently ranked #8 at $20.84 billion.
January 04, 2024 | 3:02 pm
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Lido Staked Ether (STETH) has experienced a 3.14% price increase over the last 24 hours, contrasting with a weekly decline. The trading volume has decreased significantly, while the circulating supply has slightly increased.
The short-term price increase of STETHUSD is a positive signal for investors, indicating a potential rebound from the recent downward trend. However, the decrease in trading volume could suggest less market activity, which might limit the sustainability of this price increase. The full circulating supply being reached is a neutral factor but is important for investors to note as it relates to the coin's scarcity and potential future price movements.
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