Cryptocurrency Lido DAO's Price Increased More Than 4% Within 24 hours
Portfolio Pulse from Benzinga Insights
Lido DAO's cryptocurrency (LDO) has seen a 4.09% increase in price over the past 24 hours, reaching $3.29. This uptrend is part of a larger 10% gain over the past week. Despite the recent rise, LDO is still below its all-time high of $7.30. The trading volume has increased by 25% over the past week, and the circulating supply has slightly risen to 890.18 million, which is 89.02% of the maximum supply. Lido DAO currently ranks 35th in market cap at $2.92 billion.
January 04, 2024 | 7:05 pm
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POSITIVE IMPACT
Lido DAO's token LDO has experienced a 4.09% price increase in the last 24 hours and a 10% increase over the past week, with a significant rise in trading volume and a slight increase in circulating supply.
The positive price movement and increased trading volume indicate a strong short-term bullish sentiment for Lido DAO's LDO. The increase in circulating supply is nominal and unlikely to dampen the positive momentum. The asset's performance is directly related to the news, and the recent gains could attract more attention from investors, potentially leading to further short-term increases in price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100