Cryptocurrency Lido DAO Decreases More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
Lido DAO's cryptocurrency (LDO) has seen a 3.27% decrease in price over the last 24 hours, now at $3.03, contrasting with an 11% increase over the past week. Trading volume has decreased by 33%, while circulating supply rose by 0.18%. LDO's market cap ranks it 34th at $2.71 billion.
January 29, 2024 | 3:01 pm
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NEGATIVE IMPACT
Lido DAO's token LDO has experienced a short-term price decline of 3.27%, with a decrease in trading volume but an increase in circulating supply. The market cap remains strong at $2.71 billion.
The price drop of 3.27% in Lido DAO's token LDO is a negative short-term indicator, especially when coupled with a significant decrease in trading volume. However, the increase in circulating supply and the strong market cap position suggest that the fundamentals may still be solid, which could limit the downside risk.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100