Lido wstETH Trading Up 6.6% Over Last Week (WSTETH)

Lido wstETH (WSTETH) traded down 1.5% against the U.S. dollar during the twenty-four hour period ending at 12:00 PM E.T. on October 15th. During the last week, Lido wstETH has traded 6.6% higher against the U.S. dollar. Lido wstETH has a total market capitalization of $11.29 billion and approximately $30.11 million worth of Lido wstETH was traded on exchanges in the last 24 hours. One Lido wstETH token can now be bought for about $3,052.93 or 0.04583931 BTC on exchanges.

Here’s how related cryptocurrencies have performed during the last 24 hours:

• Aidi Finance (BSC) (AIDI) traded 2.2% lower 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 down 2.2% against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded up 1.2% against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded down 2.2% against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded 8.9% higher against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• AXIA Coin (AXC) traded 0.1% lower against the dollar and now trades at $13.43 or 0.00048094 BTC.
• MVP Coin (MVP) traded down 4.4% against the dollar and now trades at $0.0477 or 0.00000072 BTC.
• P2P Solutions foundation (P2PS) traded down 1.2% against the dollar and now trades at $167.45 or 0.00251423 BTC.

About Lido wstETH

Lido wstETH launched on December 16th, 2020. Lido wstETH’s total supply is 3,699,389 tokens. Lido wstETH’s official Twitter account is @lidofinance. Lido wstETH’s official website 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 currently possible to purchase alternative cryptocurrencies such as Lido wstETH directly using US dollars. Investors seeking to acquire Lido wstETH should first purchase Bitcoin or Ethereum using an exchange that deals in US dollars such as GDAX, Changelly or Coinbase. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Lido wstETH using one of the aforementioned exchanges.

WSTETH/USD price chart by TradingView