Lido wstETH (WSTETH) Trading 1% Lower This Week

Lido wstETH (WSTETH) traded up 3% against the U.S. dollar during the 1-day period ending at 15:00 PM Eastern on November 24th. Lido wstETH has a market capitalization of $948.41 million and $44.67 million worth of Lido wstETH was traded on exchanges in the last 24 hours. During the last seven days, Lido wstETH has traded 1% lower against the U.S. dollar. One Lido wstETH token can currently be purchased for about $1,293.97 or 0.07800398 BTC on popular exchanges.

Here is how similar cryptocurrencies have performed during the last 24 hours:

  • KILT Protocol (KILT) traded up 3% against the dollar and now trades at $0.43 or 0.00002607 BTC.
  • Aidi Finance (BSC) (AIDI) traded 4% higher against the dollar and now trades at $0.0000 or 0.00000000 BTC.
  • Zoo Token (ZOOT) traded up 2.5% against the dollar and now trades at $0.0456 or 0.00000275 BTC.
  • CareCoin (CARES) traded up 2.5% against the dollar and now trades at $0.0566 or 0.00000341 BTC.
  • OmniaVerse (OMNIA) traded 3.9% higher against the dollar and now trades at $0.0012 or 0.00000007 BTC.
  • 2G Carbon Coin (2GCC) traded down 2.3% against the dollar and now trades at $1,394.61 or 0.08414337 BTC.
  • Kitty Inu (KITTY) traded up 2.5% against the dollar and now trades at $80.17 or 0.00483677 BTC.
  • Lunar (LNR) traded 12.4% higher against the dollar and now trades at $0.0607 or 0.00000366 BTC.
  • Hokkaidu Inu (HOKK) traded 15.1% lower against the dollar and now trades at $0.0004 or 0.00000002 BTC.
  • QANplatform (QANX) traded 2.5% higher against the dollar and now trades at $4,918.50 or 0.29675531 BTC.

About Lido wstETH

Lido wstETH’s launch date was December 16th, 2020. Lido wstETH’s total supply is 646,650 tokens. Lido wstETH’s official Twitter account is @lidofinance. The official website for Lido wstETH is www.lido.fi.

According to CryptoCompare, “An ERC20 token that represents the account's share of the total supply of stETH tokens. WstETH token's balance only changes on transfers, unlike StETH that is also changed when oracles report staking rewards and penalties. It's a “power user” token for DeFi protocols which don't support rebasable tokens.The contract is also a trustless wrapper that accepts stETH tokens and mints wstETH in return. Then the user unwraps, the contract burns user's wstETH and sends user locked stETH in return.The contract provides the staking shortcut: user can send ETH with regular transfer and get wstETH in return. The contract will send ETH to Lido submit method, staking it and wrapping the received stETH.”

Buying and Selling Lido wstETH

It is usually not presently possible to buy alternative cryptocurrencies such as Lido wstETH directly using U.S. dollars. Investors seeking to trade Lido wstETH should first buy Ethereum or Bitcoin using an exchange that deals in U.S. dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to buy Lido wstETH using one of the exchanges listed above.

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