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LDOUSD – Cryptocurrencypanther https://cryptocurrencypanther.com Latest Crypto News Mon, 09 Jan 2023 12:54:01 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://cryptocurrencypanther.com/wp-content/uploads/2021/07/cropped-Cryptocurrency-e1626714913653-32x32.png LDOUSD – Cryptocurrencypanther https://cryptocurrencypanther.com 32 32 Lido DAO (LDO) Rallies 80% In A Week To Outperform Bitcoin, Ethereum, Dogecoin Gains – Lido DAO Token (LDO/USD) https://cryptocurrencypanther.com/2023/01/09/lido-dao-ldo-rallies-80-in-a-week-to-outperform-bitcoin-ethereum-dogecoin-gains-lido-dao-token-ldo-usd/ https://cryptocurrencypanther.com/2023/01/09/lido-dao-ldo-rallies-80-in-a-week-to-outperform-bitcoin-ethereum-dogecoin-gains-lido-dao-token-ldo-usd/#respond Mon, 09 Jan 2023 12:54:01 +0000 https://cryptocurrencypanther.com/2023/01/09/lido-dao-ldo-rallies-80-in-a-week-to-outperform-bitcoin-ethereum-dogecoin-gains-lido-dao-token-ldo-usd/

Lido DAO LDO/USD has rallied over 79.63% in the past seven days and was trading at $1.94 on Monday at 12 a.m. EST.







Cryptocurrency Gains  Price (12 a.m.EST)
Lido Dao +79.63% $1.94
Solana +63.47% $16.30
Optimism +43.90% $1.32
Ziliqa +39.96% $0.022
Ethereum Classic +36.12% $21.36

What Happened: Apex cryptocurrency Bitcoin BTC/USD gained 3.53% over the past seven days and managed to breach the $17,000 mark while Ethereum ETH/USD rose 9.17% and Dogecoin DOGE/USD soared 7.69% during the same period.

As the largest liquid staking platform for Ethereum, Lido Finance, the company behind Lido DAO is responsible for nearly 30% of all staked ETH tokens. Since the Ethereum network transitioned from proof-of-work to proof-of-stake back in 2022, the demand for the platform has skyrocketed. 

The upcoming “Shanghai fork” ushers in a new era of staking, allowing users to withdraw their staked ETH tokens with ease.

Solana SOL/USD gained 63.47% in the past seven days. The rise can be attributed to Solana developers launching a new, Shiba Inu-themed BONK coin BONK/USD, created to rival SHIB SHIB/USD.

Optimism recorded a 43.90% spike, while Zilliqa came in next, gaining 39.96%, and Ethereum Classic rose 36.12% in the past seven days.

Read Next: Bitcoin Pushes Past $17K, Ethereum, Dogecoin Extend Gains: Analyst Predicts Crypto Rally This Week But Don’t Get Carried Away



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