Lido DAO Continues With Strong Bullish Bias, How High Can Price Go?

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.

Timeline of Lido-dao

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].

Lido Finance [LDO], the largest platform for liquid staking services on Ethereum [ETH] continues to impress investors. In the past week, the native token (LDO) rallied more than 18% on CoinMarketCap.

Singapore — August 17th – Lido Finance, a giant in the Ethereum staking world, will be enhancing liquidity on Polygon with KyberSwap Elastic. Lido Finance is the largest platform for liquid staking services on Ethereum.

Crypto liquidity staking platform Lido on Tuesday announced the first steps and technical details about stETH expansion across the Layer-2 DeFi ecosystem. In the initial launch phase, Ethereum (ETH) staking derivatives are bridged to Layer-2 solutions Arbitrum and Optimism.

With the Ethereum Merge just a few weeks away, happenings around the number one protocol facilitating the staking of ETH – Lido Finance – have become more interesting. Data from Santiment revealed that over the last few months, Lido's native token, LDO, exhibited divergences in some of its on-chain metrics.

Ethereum‘s much-anticipated Merge could help ETH reach new places on the price chart. But not just alone, ETH has another passenger- Lido DAO, which could be a star performer in the near future.

The Lido Finance plan to sell 10 million LDO tokens to Dragonfly Capital was originally rejected last month. The post Lido DAO approves treasury token sale to Dragonfly Capital after terms tweaked appeared first on The Block.

THORChain [RUNE], Lido Finance [LDO], and Synthetix [SNX] were the top performers on 3 August as the DeFi ecosystem steered the crypto market back to greens.  While others also recovered, the revival of these DeFi tokens was superior.

The three leading altcoins, Ethereum Classic (ETC), Filecoin (FIL), and Lido DAO (LIDO), have outperformed Bitcoin and other well-known cryptocurrencies to lead the altcoin market.

Lido Finance has gone unnoticed recently, with Ethereum and its Merge keeping everyone at bay. Lido is making huge strides in the DeFi market with its liquid staking protocols now more attractive than ever.