Lido wstETH (WSTETH) Trading Down 15.9% Over Last 7 Days

Lido wstETH (WSTETH) traded down 6.4% against the dollar during the 1 day period ending at 9:00 AM Eastern on January 13th. One Lido wstETH token can currently be purchased for approximately $3,642.44 or 0.04011237 BTC on cryptocurrency exchanges. In the last seven days, Lido wstETH has traded 15.9% lower against the dollar. Lido wstETH has a total market capitalization of $13.40 billion and approximately $17.43 million worth of Lido wstETH was traded on exchanges in the last day.

Here’s how similar cryptocurrencies have performed in the last day:

• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• SolvBTC (SOLVBTC) traded 4% lower against the dollar and now trades at $90,715.29 or 0.99900087 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 3.9% lower against the dollar and now trades at $90,030.03 or 0.99145440 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

Lido wstETH Profile

Lido wstETH was first traded on December 16th, 2020. Lido wstETH’s total supply is 3,678,403 tokens. Lido wstETH’s official website is www.lido.fi. Lido wstETH’s official Twitter account is @lidofinance.

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 currently possible to purchase alternative cryptocurrencies such as Lido wstETH directly using US dollars. Investors seeking to trade Lido wstETH should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Lido wstETH using one of the exchanges listed above.

WSTETH/USD price chart by TradingView