Lido Staked Ether Falls More Than 4% In 24 hours
Portfolio Pulse from Benzinga Insights
Lido Staked Ether (STETH) has seen a 4.34% price drop in the last 24 hours, continuing a slight downward trend over the past week. Despite the price drop, trading volume increased by 13% over the week, while circulating supply decreased by 0.19%. STETH's market cap is ranked #8 at $25.29 billion.
August 27, 2024 | 7:01 pm
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Lido Staked Ether (STETH) experienced a 4.34% price decline in the last 24 hours, with increased trading volume and a slight decrease in circulating supply. The market cap remains strong at $25.29 billion, ranked #8.
The 4.34% price drop in STETH suggests a negative short-term sentiment. However, the increase in trading volume indicates active market interest, which could stabilize or reverse the trend. The decrease in circulating supply might also impact price dynamics.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100