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Users will also be able to convert stETH and rETH back to ETH through MetaMask Swaps

Blockchain intelligence platform Santiment warns that the massive rally recorded by a top-50 altcoin could be coming to an end. Santiment says that the governance token of the Ethereum (ETH)-based staking network Lido DAO (LDO) is showing a divergence between the price and the number of active addresses as well as network growth.

The cryptocurrency market is experiencing a minor bull run that has resulted in most assets reclaiming key support levels considered vital to sustaining the gains. Investors are hoping the rally will be crucial to helping the market exit last year's extended bearish sentiment.

LDO, the native cryptocurrency of Lido Finance, rallied by over 50% in the past week. At press time, it was cooling off from the rally as the bears slightly took control.

The crypto market is still highly unpredictable and volatile in January 2023. The market generally recorded a 0.3% decrease in the last 24 hours.

Ethereum's [ETH] Shanghai update, set to go live in the first quarter of 2023, will introduce staking to the ETH protocol. The update has the potential to be a key growth catalyst for staking protocols such as Lido [LDO].

Key Points: A wallet with a substantial amount of LDO has transferred $1,000,000 $LDO to Binance. One million dollars' worth of LDO was sent from a wallet holding a sizable this token balance to the cryptocurrency exchange Binance.

BTC is down 80%, 60 weeks in, 15 months away from a halving. This is normally when a crypto bust becomes a crypto boom.

A flurry of trader activity and speculation of layer-2 projects have seen their associated tokens posting gains to start the year

In the crypto space, Uniswap performed exceptionally well in terms of the fees it generated over the past year. According to data provided by the token terminal, Uniswap ranked 3rd in terms of fees generated, outperforming other protocols such as PancakeSwap, LIDO, and BNB chain.

Lido Finance's governance token LDO, saw a significant increase in price of 78% in the past week. This made LDO one of the top-performing cryptocurrency assets in terms of gains over the past seven days, according to data from CoinMarketCap.

Crypto markets flip green following the continuation of last week's rally in equities, and SOL, XMR, LDO and AAVE could be ready to move higher.

These three large-cap cryptocurrencies are finally seeing some decent returns.

The prices of liquid staking tokens Lido Finance ($LDO) and Rocket Pool ($RPL) have been rallying over the past few weeks as withdrawals of Ethereum ($ETH) staked on the network move closer to being a reality.

Liquid staking derivatives tokens have increased by an average of over 40% in the last seven days, with Lido (LDO) rising the highest by over 64%, according to CryptoSlate's data. The post Liquid staking tokens surge 40% in seven days, Lido rises highest appeared first on CryptoSlate.

Lido DAO (CRYPTO: LDO) has rallied over 79.63% in the past seven days and was trading at $1.94 on Monday at 12 a.m. EST. Cryptocurrency Gains  Price (12 a.m.EST) Lido Dao +79.63% $1.94 Solana +63.47% $16.30 Optimism +43.90% $1.32 Ziliqa +39.96% $0.022 Ethereum Classic +36.12% $21.36 What Happened: Apex cryptocurrency Bitcoin (CRYPTO: BTC) gained 3.53% over the past seven days and managed to breach the $17,000 mark while Ethereum (CRYPTO: ETH) rose 9.

Lido Finance seeing massive price increase ahead of new update

This article is all about the Lido DAO price prediction and why has the LDO price increased by 80%. Let's take a look at it in more detail.

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.