Lido Staked Ether Down More Than 3% Within 24 hours
Portfolio Pulse from Benzinga Insights
Lido Staked Ether (STETH) has seen a 3.6% price drop in the last 24 hours, continuing a negative trend with a 6.0% loss over the past week. Despite a decrease in trading volume by 21.0%, the circulating supply has slightly increased by 0.16%, bringing it to 9.36 million. STETH's market cap ranks it 8th at $27.19 billion.
May 10, 2024 | 7:01 pm
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NEGATIVE IMPACT
STETHUSD experienced a 3.6% decrease in the last 24 hours, contributing to a 6% loss over the week. The trading volume has decreased by 21%, while the circulating supply has increased slightly.
The significant price drop of STETHUSD over the past week, coupled with a decrease in trading volume, indicates a negative short-term impact. The slight increase in circulating supply may add to the downward pressure on price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100