Lido DAO (LDO) exhibits a dynamic trend with a lot of recent fluctuations. Amid news of a
SEC investigation, it experienced a drop of 25% and significant sell-offs. Yet, with the introduction of a new
Ethereum staking module, the LDO price could possibly surge. While, according to some predictions, the LDO price might
surpass $5, others forecast it could even jump to
$22 in an upcoming altcoin season. However, community views on LDO seem divided, with some labeling it a '
Dead Coin'. Several bullish forecasts and partnerships have not nullified the negative sentiment towards the token. Adding to the controversies, Lido DAO faces a
class-action lawsuit filed by a former LDO holder for crypto losses. This appears to have amplified negative sentiment, causing a subsequent 16% crash in LDO's price. On the other hand,
Grayscale has included the LDO token in its Defi Fund, and Lido DAO has proposed a new
token staking and
buyback plan. Despite market trends, the value locked in Lido has risen, with the LDO token witnessing a 23% jump in 7 days. LDO's introduction to
layer-2 Ethereum staking and additional rewards could potentially change the future direction of the digital coin.
LDO Coin News Analytics from Tue, 05 Jan 2021 21:50:59 GMT to Fri, 25 Oct 2024 19:53:52 GMT -
Rating 1
- Innovation 4
- Information 6
- Rumor 2
