Lido (LDO) Takes The Lead With 13% Surge Post Ethereum ETF Approval Key Levels To Watch

Lido (LDO), the liquid staking protocol for the Ethereum (ETH) and Polygon (MATIC) blockchains, has seen a significant price spike in the last 24 hours following the long-awaited approval of spot Ethereum ETF applications by the US Securities and Exchange Commission (SEC) on Thursday. The protocols native token, LDO, has successfully regained the $2.30 level [...]

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LDO Price Prediction: LDO Rises 15% to $3.02 as a Treasury Proposal for Cryptocurrency Transactions. Where Next Lido Dao?

On Wednesday, the governance token of Lido DAO, LDO, saw an increase of 15% following the submission of a proposal by its financial unit regarding [...]

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Lido DAO Price Prediction: A Double Top Pattern Puts LDO At Risk Of 71% Losses

The crypto market was flashing green at beginning of the New York trading session on Sunday. Most top-cap cryptocurrencies including, Bitcoin (BTC), Ethereum (ETH), Binance [...]

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Lido DAO Price Rises 10% To $2.65 – Where Next LDO?

Lido DAO price has been on an uptrend since the start of the New Year, rising 181% to the current level at $2.65. The liquidity [...]

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Lido DAO Price Drops 7% in 24 Hrs To $2.52 – Here Is Why LDO Remains Bullish

Lido DAO token (LDO) is trading in red at $2.57 after witnessing a significant rally in the past four days. The token is down 7.53% [...]

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Lido DAO Price Explodes 16.5% On Lido V2 Release – Time To Buy LDO?

The native token of one of Ethereum’s most significant liquid staking platforms, Lido DAO is massively breaking out mid through this week’s trading following the [...]

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Lido DAO Price Prediction As LDO Bulls Fight To Sustain Recent Gains

Lido DAO has thrived in the last two years to earn a place among the leading five decentralized finance (DeFi) protocols in the market today. [...]

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Lido DAO Price Prediction As LDO Records An ATH In Social Mentions

The global cryptocurrency market cap was trading higher around $808.3 billion, rising 0.37% in the last 24 hours after days of a slump.  The world’s [...]

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Lido DAO Shows Strength To Breakout; Will The Downtrend Line Be Invalidated?

LDO price shows strength for the first time after post-merge. LDO bounces from the downtrend, hoping to end its bearish run as the price eyes a possible breakout from the downtrend line.  The price of LDO shows bullish signs as price trades below 50 and 200 Exponential Moving Averages (EMA) with good volume.  The price of Lido DAO (LDO) has been one of the best performances before the “Ethereum Merge,” outperforming the market as the price rallied to an all-time high of $3 against tether (USDT). Although the crypto market faced a new drawback as Bitcoin (BTC) price dropped from a region of $19,000 to $18,100 as the Consumer Price Index (CPI) suggests an increase in inflation affecting the price of BTC negatively with altcoins affected, with recovery from BTC altcoins like Lido DAO showed some strength as the aim to begin a rally. (Data from Binance) Related Reading: Quant (QNT) Holds Gains When Top Cryptos Plummet Following BTC Lido DAO (LDO) Price Analysis On The Weekly Chart Although the crypto market experienced a sharp decline due to the CPI news, the market appeared to be manipulated as Bitcoin’s (BTC) price dropped from $19,200 to $18,200 in hours. The market quickly recovered as most altcoins began to show strength, with LDO looking to breakout of its downtrend that has made the price become crippled to rally. With the current rise in the value of Bitcoin Dominance (BTC.D) after a long while, it is still unclear how the current price bounce after the price decline will be sustained. With BTC.D rising, most altcoins will suffer an increased price decline when BTC retraces. Uptober has been a good month for some altcoins, with many expecting such good moments for LDO after the token returned to the ashes after “Ethereum Merge” was successful. The price of LDO, after the rejection at $3, has seen for of a downtrend than an uptrend as the price has retained its bearish structure despite showing a little glimpse of price bounce to $2.2 but the price face more sell-off as the price declined to a region of $1 before bouncing off.  Weekly resistance for the price of LDO – $2.2. Weekly support for the price of LDO – $1. Price Analysis Of LDO On The Daily (1D) Chart The daily timeframe for the price of LDO looks good, showing incredible strength as the price trades below the 50 Exponential Moving Average (EMA), acting as resistance for the price of LDO. LDO’s price currently trades at $1.3 as the price prepares to breakout the descending triangle it has formed. A breakout to the upside could signal a huge rally to the high of $2.2. Daily resistance for the price of LDO – $2.2. Daily support for the price of LDO – $1. Related Reading: Ethereum Price Pumps and Looks Ready For Another Leg Higher Over $1,400 Featured Image From zipmex, Charts From Tradingview

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These 3 altcoins have completely ignored the bear market in the last 90 days

Several altcoins have not only outperformed Bitcoin and Ethereum in the last three months but have also posted impressive gains.

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3 cryptocurrencies that stand to outperform ETH price thanks to Ethereum's Merge

It's not just ETH price that stands to benefit from Ethereum's move to proof-of-stake in September.

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Lido Finance Cements DeFi Lead, Expands To Optimism: Is LDO Undervalued?

Lido Finance, the largest DeFi platform by assets under management, is expanding. The liquidity staking platform said it now supports the deployment of its stETH value-accruing token on Optimism, a layer-2 solution for Ethereum. Expansion to Optimism: What It Means In a blog post, Lido Finance said the decision will allow its users to benefit [...]

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LDO Leads Top Coins, Registers 6% Gains In One Day

Lido DAO (LDO) price gains today suggest the bulls are determined to push it to the $2.5 mark as the broader crypto market cap increased in the last day.  LDO has joined the top-gaining coins today, June 7, with an over 6% price increase over the past 24 hours. The token closely follows PEPE, which has gained over 12% in the last 24 hours. LDO Price Surge Amid Improved Market Sentiments While LDO ranked 6th among top daily gainers, it scored second among top weekly gainers with a 13.48% price increase over the past seven days. Having a high of $2.45 and a low of $2.22, LDO is eyeing the $2.5 price level and might conquer it if the bulls continue to dominate the market. Related Reading: Chainlink Bulls Must Uphold This Critical Support Line For Potential 8% Rally According to CoinMarketCap data, Lido DAO has witnessed impressive price performances over the past 30 days. The token price has increased by over 36% in the last 30 days, 20.2% in 14 days, and 13.48% over the past seven days. The crypto market seems bullish as investors anticipate the May CPI data, which the US Bureau of Labor Statistics will release on June 13. The inflation rate reduced to 4.95% in April from the 5.0% recorded in March against the 5.0% forecasted by economists. This shows that the Fed’s hawkish inflation-curbing strategy is taking effect. Moreover, given the increasing recession and severe macroeconomic conditions, the Federal Reserve said it would pause the interest rates hike. And that has been reflected in crypto prices as Bitcoin prices pushed higher above $28,000. The sentiments appear higher still, even as investors anticipate the upcoming CPI data release. At press time, the crypto market cap is up by 2.86%, while the total market volume has increased by 12.13%, rubbing off on most coins. Increased Network Activities Propel LDO Price  The effect of the crypto market volume increase on assets is evident on LDO’s trading volume, which has increased by over 37% in the last 24 hours. That’s not all. According to Stelareum data, LDO total value locked (TVL) is up by 4.59%, against the 5.09% decline recorded on June 6. Lido Analytics also shows that LIDO TVL spiked 7.24% from May 29 to June 5, ending the week at $13.54 billion. As of June 5, LDO staking led on Ethereum with a net deposit of 264.99K ETH, followed by an unknown contract with 215.68K ETH deposits. That suggested increased trading activities on the protocol, which could also push the LDO price. Related Reading: Bitcoin Casino Canada: The Best Sites for Crypto Gambling 2023 Meanwhile, LDO technical analysis on TradingView flags a strong buy signal. LDO’s price has climbed above all the Exponential and Simple Moving Averages but remains below the Hull Moving Average at 2.360. Chances are high that the token would push above the $2.5 mark if it can conquer the Hull Moving Average. Featured image from Pixabay and chart from TradingView.com

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Lido (LDO) Sustains Weekly Run With 16% Gain – What Fuels It?

Lido (LDO), a prominent player in the decentralized finance (DeFi) space, has emerged as a frontrunner in the rapidly expanding Liquidity Staking Derivatives (LSD) sector.  Amidst the turbulence caused by the highly controversial lawsuit filed by the US Securities and Exchange Commission (SEC) in June, the decentralized finance (DeFi) sector has found itself in a state of uncertainty and caution. This legal battle has prompted many projects to reevaluate their strategies and has made investors more cautious in their approach. However, even in this challenging climate, the LSD space has managed to experience substantial growth and defy the odds. LSD Sector’s Dominance And Lido’s Remarkable Performance As per data from Messari, the LSD sector has demonstrated significant dominance in the cryptocurrency markets. One of the leading contributors to the sector’s expansion has been Lido, which has showcased impressive performance over recent months. SEC lawsuits against @BinanceUS and @Coinbase cause #DeFi TVL to plummet below $60B. But amidst the chaos, liquid staking protocols are thriving becoming DeFi’s dominating force by TVL. pic.twitter.com/RL9Qy8cwLE — Messari (@MessariCrypto) July 3, 2023 CoinGecko reports that currently, the price of Lido’s native token, LDO, stands at $2.16. While there has been a slight decline of 1.7% in the past 24 hours, the token has experienced a solid 15.7% increase in value during the last seven days. Source: Coingecko The surge in LDO’s price has also resulted in a noticeable increase in the MVRV ratio of the token. This signifies that a considerable number of addresses holding LDO have become profitable in the past few days, indicating a positive sentiment among investors and further fueling the success of Lido in the competitive DeFi landscape. Growth Amidst Concerns: Lido Declining APR Despite the notable growth and success witnessed by Lido, there has been a recent decline in the Annual Percentage Return (APR) offered by the platform. According to a recent LDO price report, his decline in APR over the past few days raises concerns about the attractiveness of using Lido for staking, potentially leading users to seek alternative options. Source: Dune Analytics The declining APR indicates that the rewards and returns generated from staking LDO tokens on the Lido platform have decreased. This development could discourage some users who prioritize maximizing their staking yields from continuing to use Lido. LDO market cap currently at $1.9 billion. Chart: TradingView.com As staking rewards play a crucial role in incentivizing users to participate in networks and secure their protocols, a sustained decline in APR might prompt individuals to explore alternative platforms that offer more competitive and potentially higher returns. Related Reading: Dwindling Optimism (OP) Value May Be A Result Of This Factor To maintain its position as a leading player in the LSD sector, Lido would need to address the declining APR and explore avenues to enhance the rewards offered to stakers, ensuring they remain competitive and appealing to their user base. Featured image from The Market Periodical

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Lido Centralization Risks On Ethereum Raises Concerns: Will LDO Crash?

Lido, the liquidity staking protocol that supports staking, is now under some of the Ethereum community members’ crosshair. There are fears that the platform is centralizing Ethereum and could make the blockchain fragile. As of June 1, Lido is the largest decentralized finance protocol. DeFiLlama data shows that the platform manages $13.2 billion  in staked assets.  At this level, Lido has nearly twice the total value locked (TVL) as in MakerDAO, one of the original decentralized money markets in the sphere.  MakerDAO has $6.29 billion in TVL and only serves Ethereum. Lido Is Ethereum’s Weak Point? Concern from critics is not only about the dominance of Lido in terms of TVL but the number of validators using the protocol.  According to on-chain data, over 19 million Ethereum has been staked in the Beacon Chain, that is, the proof-of-stake network.  However, out of this amount, 6 million Ethereum has been staked through Lido. This translates to roughly 36% of all staked Ethereum passing through the liquidity staking protocol. Moreover, parallel data shows that 32% of all Ethereum validators use Lido infrastructure.  In Ethereum’s proof-of-stake system, validators are needed to verify transactions and secure the network against external attacks.  Related Reading: Litecoin Attempts To Revitalize The Crypto Market With Bullish Breakout The distribution of validators, who now don’t have to run energy-consuming and expensive rigs, is critical for decentralizing the Ethereum network.  Global distribution of Ethereum validators would translate to a robust platform where users and operators of protocols, presently managing over $26 billion of assets, don’t have to worry about a majority attack. It is this level of centralization that is emerging in Lido that some Ethereum community members are concerned could destabilize the network.  In the past, Prysm, a client operator, lost a significant portion of its market share when it was discovered that over 66% of all Ethereum proof-of-work nodes were using their software. Could this same intervention be require to suppress Lido’s expansion? According to the critics, the current community is lacking in educational material and initiative to address problems as they emerge. Thus far, with 32% of all validators using LidoDAO infrastructure, it is more than twice the limit Vitalik Buterin, the co-founder of Ethereum, had recommended for every entity wishing to host the network’s validators.  LDO Prices Could Drop With centralization questions emerging, LidoDAO could be forced to decentralized, even by breaking down into multiple entities. However, for LDO holders, any action to break up the protocol’s dominance could have a drastic effect on prices. Related Reading: The $24,000 BTC Bullseye: Is Bitcoin Headed For A Summer Swoon? As of June 1, LDO, the governance token of LDO, is one of the top performers. From December 2022 lows, LDO has rallied 125% to spot rates, as more ETH holders opted to stake through Lido Finance infrastructure to earn annual rewards from the Ethereum proof-of-stake network. Feature Image From Canva, Chart From TradingView

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