Lido Staked Ether Decreases More Than 5% Within 24 hours
Portfolio Pulse from Benzinga Insights
Lido Staked Ether (STETH) experienced a 5.3% price decrease over the past 24 hours, contrasting with a 7.0% increase over the past week. The trading volume has risen by 49.0%, while the circulating supply decreased by 0.86%, resulting in a current market cap ranking of #7 at $33.25 billion.
April 09, 2024 | 7:01 pm
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Lido Staked Ether (STETH) has seen a significant price decrease of 5.3% in the last 24 hours, despite an overall weekly gain. The trading volume has increased, and the circulating supply has slightly decreased.
The short-term price decrease of 5.3% in STETHUSD is significant, indicating potential volatility and investor caution. However, the increase in trading volume and the overall weekly gain suggest underlying strength. The decrease in circulating supply could indicate a tightening market, potentially leading to future price increases. However, the immediate impact is negative due to the recent price drop.
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IMPORTANCE 90
RELEVANCE 100