Lido DAO: Ethereum's biggest Merge staker just jumped 30% — will LDO rally in...
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....
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LDO price faces downside risks from "sell-the-news" sentiment coupled with a bearish technical setup. Lido DAO (LDO) has declined by more than 40% in the last 30 days with more room to fall in the coming days amid a potential sell-the-news event, i.e. the Merge.Lido DAO Ether deposits surge 160% in 2022Lido DAO is Ethereum's biggest staking service, having deposited over 4.14 million of the blockchain's native asset, Ether (ETH), into the Ethereum 2.0 smart contract on behalf of its users, according to the latest data.ETH 2.0 total value staked by provider. Source: GlassnodeIn comparison,....
LDO has recently witnessed a growing bearish divergence between its price and key momentum oscillator. Lido DAO (LDO) price has skyrocketed by roughly 400% month-to-date to reach $2.22 on July 28, its highest level in over two months.LDO MergifiedLDO price has benefited majorly due to its association with Ethereum, the leading smart contract platform by total-value-locked (TVL) and market capitalization. Notably, LDO serves as a governance token inside the Lido DAO ecosystem, a project that offers staking services for Ethereum.$ETH move bringing the entire ecoystem with it. Best movers:....
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,"....
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....
Lido DAO (LDO) showed so much strength as the price rallied from $0.5 to a region of $3, creating a new all-time high against tether (USDT) ahead of the anticipated “Ethereum Merge.” Lido DAO (LDO) benefited from the relief bounces across the crypto market as it continues to top the chart week in and week out but has since struggled after the merge. (Data from Binance) Related Reading: Valkyrie Crypto Trusts Gather Nearly $74 Million In Funding Amid Bear Market Lido DAO (LDO) Token Price Analysis On The Daily Chart LDO saw a decline in price from $3 to $1.8, setting its price....