Cryptocurrency Lido DAO Falls More Than 3% In 24 hours
Portfolio Pulse from Benzinga Insights
Lido DAO (CRYPTO: LDO) experienced a 3.51% price decrease over the past 24 hours, continuing a weekly downtrend of -3.0%. The trading volume for LDO has decreased by 18.0% over the past week, while its circulating supply increased by 0.66% to 890.21 million, reaching 89.02% of its max supply. LDO's market cap ranking is now #38 at $2.49 billion.
February 01, 2024 | 7:00 pm
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NEGATIVE IMPACT
Lido DAO (LDO) has seen a 3.51% decrease in price over the last 24 hours, with a weekly trend of -3.0%. The trading volume has decreased by 18.0%, and the circulating supply has increased by 0.66% to 890.21 million.
The decrease in Lido DAO's price over both the last 24 hours and the past week, combined with a significant drop in trading volume, suggests a negative short-term impact on its price. The increase in circulating supply could further dilute the value, contributing to the negative outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100