Lido Staked Ether's Price Increased More Than 6% Within 24 hours
Portfolio Pulse from Benzinga Insights
Lido Staked Ether (STETH) has seen a 6.9% increase in price over the last 24 hours, reaching $3,638.74, continuing a positive trend with a 4.0% gain over the past week. The trading volume for STETH has increased by 20.0%, while the circulating supply decreased by 1.22%, leading to a current market cap ranking of #6 at $34.66 billion.
April 08, 2024 | 3:02 pm
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Lido Staked Ether (STETH) has experienced a 6.9% price increase in the last 24 hours, reaching $3,638.74, with a 4.0% gain over the past week. The trading volume has increased by 20.0%, and the circulating supply has decreased by 1.22%, affecting its market cap ranking.
The significant price increase of 6.9% in the last 24 hours, coupled with a consistent positive trend over the past week, indicates strong market momentum for STETH. The increase in trading volume by 20.0% suggests growing investor interest, while the decrease in circulating supply by 1.22% could lead to higher prices due to reduced availability. These factors contribute to the positive short-term impact on STETH's price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100