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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
Lido Finance has overtaken MakerDAO as the biggest DeFi protocol in the market, with $5.9 billion locked on the staking platform.
Ethereum (ETH) staking protocol Lido (LDO) is now the dominant DeFi protocol based on the total value of assets locked (TVL) in its ecosystem, according to DeFillama data. The post Lido now has the highest DeFi TVL as LDO increases 17% appeared first on CryptoSlate.
The ethereum merge has come in handy for the liquid staking protocol, Lido Finance. The protocol just recorded the highest total value locked of any decentralized finance(DeFi) protocol.
Key Points: Procedure for liquid staking Given that Lido Finance's total value locked (TVL) is now ranked first among other decentralized finance (DeFi) protocols, it appears that Lido Finance profited the most from the September Ethereum merger. In comparison to MakerDAO's $5.89 billion and AAVE's $3.
A Nansen in December noted that Ether staking solutions had been in high demand since Ethereum's shift to proof-of-stake.
BeInCrypto looks at five altcoins that increased the most from the entire crypto market last week, specifically from Dec. 23 – 30. The post BIT, OKB, ICP, LUNC and LDO Are Five Altcoins That Have Excelled in Performance appeared first on BeInCrypto.
