Can LDO pivot finally now that Lido staking deposits are recovering?

Lido Finance experienced a drop in the popularity of its staking platform in November. However, LDO's money flow did register some upside in the last few days despite the downside.

Timeline of Lido-dao

Ethereum whales lit up interest in LDO as the token price increased The on-chain performance of Lido showed some shortfall. Hence, there might be a need for caution Lido Finance [LDO] garnered a 7.88% price increase in the last 24 hours following Ethereum [ETH] whales' interest in the token.

Lido Finance TVL has remained in the second position despite the fall of the overall DeFi protocol The price action showed that buying and selling momentum was in contention for relevance Lido Finance's [LDO] Total Value Locked [TVL] has kept the liquid staking protocol among the top DeFi ecosystems.

Lido Finance released a new proposal that looked to increase the conservative security check limits for maximal possible stETH rebase LDO rallied by over 10% in the last 24 hours, but this might not mean much Due to the downturn of the general cryptocurrency market on 9 November, which led to a boom in execution

With the larger crypto market down once again, Lido DAO prices rebounded back to lower levels after charting a short-term recovery. The post Over 4 Million Lido DAO (LDO) Tokens Transfer to Exchanges Sparking Fear appeared first on BeInCrypto.

The LDO token was observed to be on the receiving end of massive interest from Ethereum [ETH] whales. The huge interest from large investors could provide LDO with a much needed support to grow.

An Ethereum (ETH)-based altcoin is rallying following news that top US crypto exchange Coinbase has added the project to its listing roadmap. Lido DAO (LDO), a staking service for Ethereum and other blockchain projects, has seen more than a 16% price increase in the days following Coinbase's announcement via Twitter.

Lido DAO Token [LDO] may have led investors on and eventually disappointed them but now may be the time it restores confidence. According to DeFinder, new addresses on the liquid staking protocol seem to be in full anticipation of an LDO resurgence.

LDO price shows strength for the first time after post-merge. LDO bounces from the downtrend, hoping to end its bearish run as the price eyes a possible breakout from the downtrend line.

The Lido Finance [LDO] liquidity pool activity over the last seven days showed that Layer-two (L2) protocols have been outperforming others on the chain. According to the liquid-staking platform, both Arbirtrum and Optimism [OP] showed a higher contribution towards the Lido pool between 3 and 10 October.

In a series of tweets made by Lido Finance [LDO] on 6 October, the leading Ethereum [ETH] staking platform confirmed the launch of ETH staking on layer two scaling solutions with token bridging to Arbitrum One and Optimism.