The price of Lido DAO is up 13% from yesterday’s low to its current price of $1.23 which represents an increase of 7.5% in 24 hours and 18% in a week. It’s also up 30% in two weeks, with organic growth in use of Lido DAO largely responsible for the improvement in its fortunes.
Data shows that Lido DAO has now overtaken MakerDAO as the largest DeFi platform in the cryptocurrency ecosystem (in terms of total value locked in), which is largely facilitated by the handling of Ethereum staking. And given that Ethereum developers have confirmed that stakeholders will be able to withdraw their staked ETH until March, this should lead to a further increase in LDO price in the intervening weeks.
LDO Rockets Up 13% in 24 Hours as Lido DAO Price Predictions – LDO to the Moon?
The LDO indicators show a strong increase in momentum since the beginning of the year. Its Relative Strength Index (purple) jumped to near 90 a few days ago and remains above 70, indicating ongoing buying pressure.
With this in mind, the 30-day moving average (red) of the LDO has moved above its 200-day average (blue), the stability of its climb suggests that the altcoin is now enjoying a breakout.
There are many reasons for LDO’s rally today, yet they all boil down to the fact that more investors are using the Lido DAO as a platform for Ethereum. Ever since it moved to a proof-of-stake consensus mechanism later in September (and several months before that), Lido has been enjoying growing use with the parallel benefits of its LDO governance token.
According to Defilama, Its total value has now reached $ 5.99 billion., putting it ahead of MakerDAO as the largest DeFi platform in crypto (and also ahead of every layer-one blockchain bar Ethereum). What’s more, this value is likely to increase now that Ethereum developers have confirmed that stakers will be able to withdraw their staked ETH from March.
This has increased the demand for Lido and LDO, which is likely to continue to drive prices up as March draws closer. At $1.23, it could also see a rally closer to $2, which is where it was back in September when the Ethereum merger was completed.
This appears to be expected of the few whales that have been stockpiling LDO in recent times. For example, one whale moved about 300,000 LDO to Binance in a few days, this whale is known to sell the coin exclusively when its price is high, with an average selling price of $2.16.
Looking into the more distant future, the LDO has an all-time high of $7.30 (set for August 2021). Assuming that the market returns to more bullish positions sooner or later (most likely later), this will be its ultimate goal.
pre-sale in 2023
Of course, this is the long-term goal of LDO, with altcoins pulling back due to the ongoing market uncertainty. Same game for nearly every other major cryptocurrency in the market, yet there’s at least one class of altcoin that hasn’t suffered from the slump: presale tokens.
Such tokens had a great 2022 despite the ongoing bear market. To take a few of the most visible examples, Tamadoge (TAMA) An increase of up to 1,800% compared to its pre-sale price In October, when it listed on OKX. Even more impressively, Lucky Block (LBLOCK) saw an even greater increase 6,000% In February, compared to a selling price of $0.00015.
The three presale tokens below are expected to come close to performing like this, with the fundamentals of each giving them a good chance to do so.
Fight Out (FGHT)
Based on Ethereum, to fight (FGHT) is a new move-to-earn app that combines real-life workouts with Web3. Going beyond the template set by early M2E platforms such as STEPN, it tracks and rewards a range of workouts, including boxing, weightlifting and yoga, while also offering a range of in-app and IRL courses at its own branded gym .
Its token sale was launched last month Has already raised over $2.5 million, 1 FGHT is currently going for $0.0166 (it will increase in the later stages of the sale). Investors can participate by visiting its website and connecting their Connect Wallet or MetaMask Wallet.
Dash 2 Trade (D2T)
also running on ethereum, dash 2 business A trading intelligence platform, launching in Q1 2023, will provide real-time analytics and social trading data. It provides investors of all experience levels with all the resources and tools they could possibly need to make the most informed trading decisions.
its D2T token sale has raised over $12.4 million And is about to end in only three days. It has also announced listings on BitMart, Changelly Pro and the LBANK exchange in early 2023, with the first listing scheduled for January 11.
C+ charge (CCHg)
Based on BNB chain, c+ charge (CCHG) is a peer-to-peer payment system for electric vehicle (EV) charging stations, which aims to increase access to carbon credits. It launched sales for its native CCHG token before the end of 2022, with CCHG set to be used within its network by EV owners to pay for charging their vehicles.
C+Charge will also reward users with carbon credits for charging their EVs at its stations, while the platform has already signed a deal with Perfect Solutions Turkey, which will supply 20% of EV chargers in Turkey to its customers. Adding to network. It signals its early promise, and shows how serious it is about becoming the global leader in EV charging.
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