Cryptocurrency Lido DAO Decreases More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
Lido DAO (CRYPTO: LDO) has seen a price decrease of 3.29% in the last 24 hours, now at $3.18, despite an 11.0% increase over the past week from $2.96. The trading volume surged by 72.0%, and the circulating supply slightly grew by 0.02% to 890.92 million, representing 89.09% of its max supply. Lido DAO's market cap ranks #40 at $2.85 billion.
February 16, 2024 | 3:01 pm
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Lido DAO (LDOUSD) experienced a 3.29% price decrease to $3.18 in the last 24 hours, despite a weekly gain of 11.0%. The trading volume and circulating supply have increased, with a current market cap of $2.85 billion, ranking it #40.
The short-term price decrease of 3.29% in Lido DAO (LDOUSD) could lead to negative sentiment among investors, potentially causing a further drop in price. However, the increase in trading volume and slight growth in circulating supply, along with a strong weekly performance, might mitigate some of the negative impact. The market cap ranking at #40 indicates a significant position in the cryptocurrency market, which could help stabilize the price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100