Cryptocurrency Lido DAO Decreases More Than 5% Within 24 hours
Portfolio Pulse from Benzinga Insights
Lido DAO (CRYPTO: LDO) has seen a price decrease of 5.49% in the last 24 hours, now at $3.38, despite a weekly uptrend of 6.0%. The trading volume increased by 11.0% over the week, with the circulating supply slightly down by 0.01%, representing 89.17% of its max supply. LDO's market cap ranks it #43 at $3.01 billion.
March 01, 2024 | 3:02 pm
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Lido DAO (LDO) experienced a 5.49% decrease in price to $3.38 over the last 24 hours, despite a weekly increase of 6.0%. The trading volume has risen by 11.0%, and the circulating supply has slightly decreased.
The short-term price decrease of 5.49% in Lido DAO (LDO) is significant despite its overall weekly gain, indicating a potential short-term negative impact on its price. The increase in trading volume suggests heightened activity that could either stabilize or further decrease the price, depending on market sentiment. The slight decrease in circulating supply is generally positive for value but may not counteract the current downward price movement.
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IMPORTANCE 90
RELEVANCE 100