Lido DAO's Price Decreases by 3.29% in the Past 24 Hours
Lido DAO's price has seen a decline of 3.29% over the last 24 hours, bringing it down to $3.18. This recent decrease contradicts the coin's performance over the past week, where it showed an upward trend of 11.0% and climbed from $2.96 to its current price.
A Look at Lido DAO's Price Movement and Volatility
To better understand Lido DAO's price movement, it is essential to compare its performance over the past 24 hours with that of the previous week. The chart below provides a visual representation of this comparison, with gray bands representing Bollinger Bands, an indicator of volatility for both daily and weekly price movements.
Lido DAO's Trading Volume and Circulating Supply Increase
Over the last week, Lido DAO's trading volume has climbed by an impressive 72.0%, indicating increased market activity and interest in the coin. Additionally, the circulating supply of the coin has also experienced a slight increase of 0.02%, bringing it to a total of 890.92 million. This amount represents approximately 89.09% of its maximum supply of 1.00 billion.
Market Cap Ranking for Lido DAO
According to our data, Lido DAO is currently ranked #40 in terms of market capitalization, with a total market cap of $2.85 billion. This ranking reflects the coin's value and popularity amongst investors and indicates its position within the crypto market.
Overall, while Lido DAO has experienced a recent decrease in price, its performance over the past week has been positive. With an increase in trading volume and circulating supply, the coin continues to demonstrate resilience and potential for growth in the market.
Analyst comment
This news can be evaluated as negative as Lido DAO’s price has decreased by 3.29% in the past 24 hours. As an analyst, based on the recent uptrend and increased trading volume, it is likely that the market will experience increased volatility in the short term.
