Source: Trade ViewThe price of Lido DAO is up 1,23% from yesterday's low, with its current price of €24 representing a XNUMX% gain in XNUMX hours and an XNUMX% increase in a week. It also increased XNUMX% in a couple of weeks, and the organic development in the use of Lido DAO was largely responsible for its improvement.
The data suggests that Lido DAO has now surpassed MakerDAO as the largest DeFi platform in the cryptocurrency ecosystem (in terms of total value locked), helped in no small part by its management of Ethereum staking. And since Ethereum developers have confirmed that stakeholders will be able to withdraw their staked ETH in March, this is going to give rise to further LDO cost increases in the coming weeks.
Lido DAO Price Prediction as LDO Rises Thirteen% in 24 Hours – LDO to the Moon?
The LDO indicators show a strong increase since the beginning of the year. Its Relative Strength Index (purple) jumped to near XNUMX a few days ago and is holding above XNUMX, signaling continued buying pressure.