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Lido's rally seems to be over as Ethereum Merge no longer provides enough support for asset

A popular cryptocurrency analyst has predicted that the prices of both Cardano ($ADA) and Lido DAO's governance token $LDO could soon rally based on two upcoming hard forks, including Ethereum's Merge upgrade. The host of Coin Bureau, as Daily Hodl reports, has shared a new video with his 2.

The bearish September appears to have strengthened its roots as the prices of the asset closely related to the Merger have been challenged by the bears. The popular staking solution for Ethereum, Lido DAO has been dropping off-let and today tops the loser board.

The cryptocurrency market has suffered a dip in the past 24 hours. At $985.4 billion, its total cap has sunk by 5.

The price of Lido Finance's LDO token rallied by 20% in the past seven days, data from CoinMarketCap revealed. According to Cryptowatch, the #66 largest cryptocurrency shares a statistically significant positive correlation with Bitcoin [BTC].

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).

The token powering Ethereum staking service Lido Finance has enjoyed a heady rise over the past week, jumping from $1.60 to nearly $2 today.

This post is all about the top 5 cryptocurrencies that displayed good performance in the last seven days.

It has been a choppy week for the crypto market. Several cryptos have stood out, however, with bearish trend reversals beginning to form.

The altcoins below are trading above the moving average lines.

The price of Lido DAO (LDO) has shown so much strength despite the downtrend across the market, with Lido DAO (LDO) eyeing a rally to its all-time high of $4. Bitcoin's (BTC) price has shown a little strength bouncing off from key support, leading to most crypto assets popping out from their shell.

A popular crypto trader and analyst are portraying his bearish stance towards one Ethereum-based altcoin as he puts forth his analysis on Bitcoin (BTC) and Cardano (ADA).

Lido Finance [LDO]  the market leader for Ethereum liquid staking (with over 80% of the market share) is creating headlines. Now, one of the biggest “shareholders” of Ethereum has seen a strong price increase in the last 24 hours.

The broader crypto market showed an impressive price rally mid-day, August 31. Cryptos such as Bitcoin and Ethereum have increased by 0.87% and 2.58%.

It has been evident that the cryptocurrency market has been trying to regain price and trading volume over the past couple of weeks.

One of biggest "shareholders" of Ethereum seeing a strong price increase in last 24 hours

Onboarding several chains into its staking solution may be one of the best steps Lido Finance [LDO] could have taken. The multi-chain staking liquidity platform hosts a number of chains including Ethereum [ETH], Solana [SOL], and Terra Classic [LUNC].

After clearing the USD 20,000 resistance zone, BTC is currently (11:36 UTC) trading near USD 20,470 and it might attempt a clear move above the USD 20,500 zone. If the bulls remain in action, the price might also test the USD 21,200 resistance. BTC is up 3% in a day and down 4% in a week.

The cryptocurrency market has enjoyed a rebound after the previous day's selloff. Its total cap has returned to $1.

Blue-chip DeFi tokens, including Lido and Compound, posted hefty gains as Ethereum's merge event fast approaches.

Lido price has done relatively well in the past few weeks as investors wait for the upcoming Ethereum merge. What next for LDO?

Yesterday, bitcoin price recovered from the USD 19,500 zone and is now still fluctuating above the USD 20,000 level. It is currently (03:53 UTC) consolidating near USD 20,200 and facing resistance near USD 20,500. BTC is up 2% in a day and down almost 6% in a week.

The crypto market decoupled from the NASDAQ 100 today, with network news delivering breakout sessions for several of the crypto top 100.

According to data from BestBrokers, Ethereum staking solutions remain popular as the network gears up for “The Merge”. In the event that will complete this network transitions to Proof-of-Stake (PoS), users seem to be piling up for a shot at receiving a portion of the rewards for securing the network.