- The price of LDO rose from $0.96 to $2.05 as from Jan 1.
- The crypto pair saw a surge of up to 110 percent.
- LDO can offer considerable returns, albeit with additional risk according to experts.
Starting from Jan 1, 2023, the price of LDO rose from $0.96 to $2.05, an increase of 110%. This dramatic increase in the price of LDO has caused a significant spike in demand from investors looking for quick returns.
The increase has also prompted speculation from traders, who are hoping to capitalize on the current momentum. As of now, the future of LDO prices remains uncertain, but investors are keeping a close eye
According to Coinmarketcap data, The live Lido DAO price today is $1.89 USD with a 24-hour trading volume of $287,688,435 at press time. Lido DAO is up 18.26% in the last 24 hours. The current CoinMarketCap ranking is 31, with a live market cap of $1,557,987,434. It has a circulating supply of 823,970,809 LDO coins and a max. supply of 1,000,000,000 LDO coins.
Despite being equally wary of the risks associated with further price volatility, some investors see the potential rewards of betting on a continued increase in the value of LDO.
These bold investors are keeping a close eye on LDO prices and the overall market, leveraging market analysis and technical indicators to inform their decisions. According to crypto proponents, for those brave enough to take the plunge, LDO can offer considerable returns, albeit with additional risk.
In other reports, the entire number of staked ETH is close to 16 million, and Lido controls 4.8 million of that amount. Because of this, the platform now has a dominant market share of thirty percent.
In addition, the story is applicable to other liquid staking derivative tokens like StakeWise (SWISE), which has earned 20% every day on average.
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Godfrey Mwirigi is an enthusiastic crypto writer with an interest in Bitcoin, blockchain, and technical analysis. With a focus on daily market analysis, his research helps traders and investors alike. His particular interest in digital wallets and blockchain aids his audience in their day-to-day endeavors.
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