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news-imageJanuary 7, 2025

Lido's Breakout: Will $2.70 Set the Stage for LDO's Next Big Move

Lido DAO (LDO) has captured the attention of the crypto community recently, as its price action has drives significant bullish potential. After breaking out of a falling wedge pattern, LDO's price trajectory is being closely watched by traders, with key support and resistance levels forming the backbone of its future movement.
Publisher: The Currency Analytics
Sentiment: Positive
LDO

More News Articles

Positive
cover-imageThe Currency Analytics
December 28, 2024

Lido DAO Price Prediction 2025 – 2030: Will LDO Hit $2

Lido DAO (LDO) has made a significant impact on the cryptocurrency market by introducing liquid staking, allowing users to stake Ethereum (ETH) without losing access to their funds. This innovation has brought a wave of new opportunities for both retail and institutional investors.

Negative
cover-imageNewsBTC
December 17, 2024

Ethereum Price Crash Incoming? Tron's Justin Sun Unstakes $209 Million ETH From Lido Finance

The Ethereum price could face some turbulence, as Justin Sun, the founder of Tron (TRX), has unstaked a whopping $209 million from Lido Finance, a liquid decentralized staking platform for Ethereum. Compared to top cryptocurrencies like Bitcoin (BTC) and Dogecoin (DOGE), the Ethereum price has had a relatively muted performance, skyrocketing to $4,000 before consolidating and struggling to move higher.

Negative
cover-imageCryptopolitan
December 17, 2024

Lido commences closing down Polygon PoS chain staking service

Lido has officially begun the phase-out of its staking services on the Polygon Proof-of-Stake (PoS) chain following a community-approved vote in November. The decision marks a significant shift in the protocol's operations, which had previously allowed users to stake Polygon's MATIC tokens in exchange for liquid staking tokens called static.

Negative
cover-imageCrypto Economy
December 17, 2024

Lido Discontinues Polygon Staking Service After Community Approval

TL;DR Lido has announced discontinuing its staking service for the Polygon PoS chain, following a community vote where 99% of LDO token holders favored the proposal. The decision is due to challenges such as low user engagement, inadequate rewards, and the evolving DeFi landscape, particularly the increased focus on zkEVM solutions.

Positive
cover-imageThe Currency Analytics
December 14, 2024

Lido Dao Price Eyes $3 with Bullish Breakout

Lido DAO (LDO), the governance token for the Lido protocol, has been demonstrating strong bullish signals in recent trading sessions. The token has gained around 9% in the past 24 hours, which has led many market observers to speculate on the possibility of a breakout rally that could push the price toward the $3 mark.

Positive
cover-imageCrypto Economy
December 12, 2024

Grayscale Bets Big on Optimism and Lido DAO with New Trust Launches

TL;DR Grayscale Investments launches two new investment vehicles: Lido DAO Trust and Optimism Trust, offering exposure to both protocols. Lido DAO Trust provides access to the LDO token, which facilitates liquid staking on ETH. Meanwhile, Optimism Trust offers exposure to the OP token, aimed at improving ETH scalability.

Positive
cover-imageCoingape
December 12, 2024

Just-In: Grayscale Launches Optimism and Lido DAO Trusts

Digital assets manager Grayscale Investments has reportedly added Optimism (OP) and Lido DAO (LDO) to its growing list of Trust products. Considering the different market niches the duo of Optimism and Lido DAO represents, Grayscale aims to expand its reach in both the Ethereum L2 and staking niches.

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