Cryptocurrency Lido DAO's Price Increased More Than 7% Within 24 hours
Portfolio Pulse from Benzinga Insights
Lido DAO's cryptocurrency (LDO) has seen a price increase of 7.44% in the past 24 hours, reaching $2.8, despite a weekly downtrend of 11%. The coin's all-time high is $7.30. Trading volume has decreased by 37% over the week, while circulating supply increased by 0.34% to 890.20 million coins, about 89.02% of the max supply. Lido DAO is currently ranked #36 in market cap at $2.49 billion.
January 24, 2024 | 7:00 pm
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Lido DAO's token LDO has experienced a significant price increase of 7.44% over the last 24 hours, reaching $2.8, despite a recent weekly decline. The market cap stands at $2.49 billion, ranking it #36.
The short-term impact on LDOUSD is likely positive due to the recent price surge, which could attract more attention and investment into the token. However, the decrease in trading volume suggests less market activity, which could dampen the impact. The increase in circulating supply may have a dilutive effect on the price, but this is offset by the current positive price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100