Latest News

Liquid staking platforms and their associated tokens are seeing a resurgence this week. Industry leader Lido is leading the pack as its LDO token skyrockets.

The Shanghai upgrade of the Ethereum network, set to launch in March, will allow users to withdraw their ether (ETH) from the network. A public test network for the Shanghai upgrade will be released by the end of February.

As the first week of 2023 ends, most cryptocurrencies have traded in the green zone after massive sell-offs over the past year. Notably, some assets aim to build on the fuel that has inspired a mini-rally as a foundation for sustained gains.

Lido DAO (LDO), the native cryptocurrency of Lido Finance, significantly increased its total market capitalization which now stands at $1.25 billion. This no longer comes as a surprise as the crypto asset is in the midst of an incredible run that enabled it to post double-digit gains on its intraday, weekly, bi-weekly and monthly charts.

A widely followed crypto strategist is predicting a surge for one AI-focused token while updating his forecast for Ethereum (ETH) and Lido DAO (LDO). Pseudonymous analyst Altcoin Sherpa tells his 187,800 Twitter followers that Fetch.

LDO is up by double digits weekly, even though MakerDAO took back its DeFi throne.

BeInCrypto looks at five altcoins that increased the most from the entire crypto market last week, specifically from Dec. 30 to Jan. 6 The post Solana (SOL) and Lido DAO (LDO) Are Altcoins Leading the Charge and Outperforming the Market appeared first on BeInCrypto.

Anyone planning to stake Ethereum [ETH] and other cryptocurrencies is probably contemplating going the route of Lido Finance [LDO]. The latter is currently one of the largest staking platforms, and this, by extension, makes LDO quite an interesting investment option.

On Jan.4th, Lido, a top staking network, led as the DeFi application with the highest total value locked, according to recent market analysis. 

Tether Dominance receded slightly in the past few days to show that the buyers were willing to trade their Tether [USDT] for crypto assets. This could be a bull trap, as the buying pressure was not strong, and the higher timeframe bias for most altcoins remained bearish.

Cryptocurrencies have developed bullish momentum after breaking above the moving average lines.

Following Ethereum whale interest in the Lido Finance token, LDO has gained massive momentum over the past week, up by 20%. Whalestats recently reported LDO was one of the most used smart contract tokens among the top 5,000 ETH investors.

When looking at its seven-day and fourteen-day chart, Lido Finance (LDO) has been seeing an astounding rise in recent price and trading activity despite the challenging market conditions. At the time of this writing, one token is worth $1.38, representing an increase of 45.7% over the course of the previous week and of 47.

Lido Finance's massive growth sends important signal to Ethereum stakers

Cryptocurrencies are jumping on some potentially positive long-term news.

Recent data shows that only 20% of all staked Ethereum (stETH) are in profit at ETH's current price of $1,200.

A look at the top performers over the past 24 hours reveals a trend that could trigger a boom among certain altcoins in 2023. We're talking about Lido Finance (LDO), which has risen 7% in the past 24 hours and 17% over the past seven days, making it the 37th largest cryptocurrency by market cap.

Ethereum may not have enjoyed the post-Merge surge many were hoping for, but one decentralised finance (DeFi) platform has enjoyed a massive groundswell in popularity following Ethereum's major 2.0 network upgrade. On January 2, liquid staking platform Lido overtook MakerDAO as the largest DeFi platform by total value locked (TVL).

After flipping MakerDAO, Lido Finance is now the largest DeFi protocol in terms of total value locked, as liquid staking gains momentum post-merge.

The Lido DAO price has risen by as much as 13% since lows yesterday, with its current price of $1.23 representing a 7.5% gain in 24 hours, and an 18% rise in a week. It's also up by 30% in two weeks, with organic growth in the use of Lido DAO largely responsible for its improving fortunes.

The price of Lido DAO has been skyrocketing while the protocol secures a top spot in TVL, overtaking MakerDAO. But is it approaching a price dump?

Lido Finance overtakes Maker to become the protocol with the highest TVL in DeFi.

Lido Finance [Lido] commenced the 2023 trading year with a slight decline in its market share in the ETH staking ecosystem. The leading liquid Ethereum [ETH] staking platform's performance was highlighted by Dune Analytics.

Lido Finance (LDO) is most profitable crypto of 2023 so far, here's why