Lido DAO price moves higher as the Ethereum Merge moves a step closer to comp...
LDO price books a 45%+ monthly gain as the Ethereum network moves closer to completing its proof-of-stake upgrade. The upcoming Ethereum (ETH) Merge is one of the most talked about developments in the cryptocurrency ecosystem as the world’s second-largest cryptocurrency by market cap undergoes the difficult transition from proof-of-work (PoW) to proof-of-stake (PoS). One protocol whose fate is largely tied to the successful completion of the Merge is Lido DAO (LDO), a liquid staking platform that allows users to tap into the value of their assets for use in decentralized finance and earn....
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It's not just ETH price that stands to benefit from Ethereum's move to proof-of-stake in September. After years of waiting, Ethereum is finally prepared to become a full-fledged proof-of-stake (PoS) blockchain. Besides Ethereum's native token Ether (ETH), the valuation of several other tokens have not only benefited greatly, but could also keep outperforming ETH after the Merge. Ethereum steps closer toward the MergeThe leading smart contract platform completed the last of its three public testnets dubbed "Goerli," on Aug. 11. Therefore, there should be no delays in Ethereum's "Merge,"....
LDO price is up roughly 30% over the past day, gaining approximately 500% since mid-June. Lido DAO (LDO) price edged higher on Aug. 3, primarily due to similar upside moves elsewhere in the crypto market and a rising euphoria around Ethereum's network upgrade in September.On the daily chart, LDO's price reached an intraday high of $2.40 a day after bottoming out locally at $1.84. The sharp upside reversal amounted to nearly 30% gains in a day, suggesting traders' strengthening bullish bias for Lido DAO.LDO/USD daily price chart. Source: TradingViewLido DAO is a liquid staking solution for....
The long-awaited Ethereum Merge is much closer than anticipated. The Ropsten testnet will implement its unique Merge to offer app developers a taste of what the future looks like with the Layer 2 Ethereum implementation. The Ethereum Foundation has progressed one step further in implementing the Proof of Stake consensus algorithm. By the partial deployment […]
In eight days Ethereum is planning to undergo one of the most intensive upgrades since the DAO hard fork in 2016, as The Merge aims to change the network’s consensus mechanism from proof-of-work (PoW) to proof-of-stake (PoS). Amid the lead-up to The Merge, the decentralized finance (defi) and liquid staking protocol Lido’s total value locked (TVL) jumped 6.34% this week and the project’s native token increased by more than 23% against the U.S. dollar during the past seven days.
Liquid Staking Service Lido Sees Demand Ahead of The Merge
The Merge is coming....
The price of COMP remains above the daily 50 EMA as it approaches $80. Price remains bullish, holding above key support areas COMP price ranges in an asymmetric triangle with high buy orders. The Compound (COMP) token price has recently been volatile as price ranges in an asymmetric triangle prepare for a breakout to a region of $80 against tether (USDT). Despite the fact that the crypto market is in a state of flux, the Compound (COMP) price has shown tremendous strength as it attempts to break out of its trading range. (Data from Binance) Related Reading: PoW Tokens Take A Hit: Ravencoin....