Lido Staked Ether Falls More Than 5% In 24 hours
Portfolio Pulse from Benzinga Insights
Lido Staked Ether (STETH) experienced a 5.13% price decrease over the last 24 hours, continuing a weekly downtrend of -1.0%. Despite a 14.0% drop in trading volume, the circulating supply increased by 0.13% to 9.34 million, with its market cap ranking at #7 valued at $29.56 billion.
April 29, 2024 | 7:02 pm
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NEGATIVE IMPACT
Lido Staked Ether (STETH) saw a 5.13% decrease in price over the last 24 hours, with a weekly decrease of -1.0%, a 14.0% drop in trading volume, and a slight increase in circulating supply.
The significant price decrease of STETH over the past 24 hours and the past week, combined with a decrease in trading volume, suggests a negative short-term impact on its price. The increase in circulating supply without a corresponding increase in price further supports a bearish outlook in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100