NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Major Win For Memecoins: SEC Affirms They Typically Do Not Qualify As Securities
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Major Win For Memecoins: SEC Affirms They Typically Do Not Qualify As Securities

Lido DAO (LDO) Token Outperforms Market With 62% Weekly Gains

Jammy Hunts
Jammy Hunts
2 years ago
4 mins read
LDO

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

The crypto market is still highly unpredictable and volatile in January 2023. The market generally recorded a 0.3% decrease in the last 24 hours. But as most of the assets falter, some tokens record exponential gains. LDO, the governance token of the Lido DAO network, has increased in value in the past week. The token is up by 62.83% in weekly gains and currently trading at $1.99, a 1.31% increase in 24 hours.  

The Lido DAO project is a staking platform where users can stake their ETH tokens. The platform also offers DeFi lending services and requires no minimum deposits. With different financial services and the flexibility of its platform, this upsurge shows increased adoption by users for a variety of purposes. 

Related Reading

Bitcoin BTC

Why The VIX Could Predict A 20% Bitcoin And Crypto Rally

2 years ago

Despite the uncertain times in the crypto space Lido DAO (LDO) has continued to perform well since the turn of the year. Some factors are behind this recent resurgence and will influence how long the bullish momentum will last.

LDOUSD_2023
LDO’s price currently stands at $2.003 in the daily chart. | Source: LDOUSD price chart from TradingView.com

Why Is Lido DAO (LIDO) On The Rise?

Some parameters are responsible for the price surge in Lido DAO. A Twitter user states that the Lido finance native token has soared nearly 60% in the last week. The user attributed this to Ethereum’s upcoming Shanghai fork. This update will enable users to withdraw their staked ETH tokens.

Secondly, BitForex announced the listing of LDO on the exchange. This listing has increased the project’s scope and is partly responsible for the price increase noted in the token. 

However, Twitter user John Cook has expressed pessimism about Lido DAO’s newfound price momentum. In his tweet on January 8, he referred to the seven-day rise of the token as a pump-and-dump. He also alleged that the project was ripping off retail investors and spending more on marketing costs than engineering. 

Despite his protests, the LDO token remains among the top gainers this week. The price surge has seen Lido DAO become the largest Decentralized Finance protocol in the world. The project has a total locked value above $6.9 billion.

Can The Bulls Sustain The Rally?

LDO token is currently in an uptrend on the chart, with the formation of simultaneous green candles. The support levels are $1.6647, $1.7561, and $1.8495. Its resistance levels are $2.03, $2.13, and $2.22. 

LDO is currently trading above its 50-day and 200-day Simple Moving Averages. These two indicators are showing a buy signal at the moment. Therefore, it implies that the token’s short-term and long-term price movement is bullish.

The Relative Strength Index (RSI) indicator indicates a buy signal. With the oversold region below 30 and the overbought region above 70, the current RSI value of the token is 82.22. Traders will likely take long positions in the market.

The MACD (Moving Average Convergence/Divergence) is well above its signal line and shows divergence. The signal is also a buy but might be for the short term. LDO is still off its ATH (all-time high) value of $11.00. The token will likely continue on its ascent as more investors buy into the project.

Related Reading

Shiba Inu Whale

Shiba Inu Bullish Signal: Whale Withdraws $34.7M In SHIB From Binance

2 years ago

If a digital asset’s price decreases by 50%, it will need to rally to 100% to return to its former value. This feat might be tasking for memes and altcoins to accomplish. Investors must realize that altcoins are more volatile than large-cap cryptocurrencies like Bitcoin.

Featured image from Pixabay and chart from TradingView.com
Tweet123Share196ShareSend
Jammy Hunts
Jammy Hunts

Jammy Hunts

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

셀레스티아(TIA)·아이오넷(IO), 업비트 동시 상장하며 8일 오후 7시부터 거래 지원

셀레스티아(TIA)·아이오넷(IO), 업비트 동시 상장하며 8일 오후 7시부터 거래 지원

2025년 5월 8일 저녁 7시, 국내 최대 가상자산 거래소 업비트에 셀레스티아(TIA)와 아이오넷(IO)가 나란히 상장했다. 이미 빗썸과 코인원에 상장된 바 있는 두 코인은, 이...

Soyeon Lee 5 hours ago
Stripe Integrates Stablecoins and AI Technology – Will AI Agent Coins Like $MIND Benefit?

Stripe Integrates Stablecoins and AI Technology – Will AI Agent Coins Like $MIND Benefit?

Stripe, the global payment solution provider, has launched Stablecoin Financial Accounts. It’s a new feature that will allow users to...

NewsBTC 5 hours ago
Best -altcoins

5月にBinance上場が期待される注目のアルトコイン

Binanceの上場は、しばしば注目度、取引量、コミュニティの支持によって決まりますが、5月に注目すべきアルトコインは3つあります:Housecoin(HOUSE)、UXLINK、そしてAEROです。...

Yohei Hanazato 5 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Cardano Approaches Critical Resistance – Break Above Could Trigger Move To $0.80

Cardano Approaches Critical Resistance – Break Above Could Trigger Move To $0.80

Sebastian Villafuerte 23 minutes ago
Bitcoin

Bitcoin si avvicina ai 100.000 dollari: raggiungerà nuovi massimi storici?

Gaia Tommasi 3 hours ago
Ethereum ‘Extremely Undervalued Against BTC’ – Supply Pressure May Delay Recovery

Ethereum ‘Extremely Undervalued Against BTC’ – Supply Pressure May Delay Recovery

Sebastian Villafuerte 4 hours ago

Premium Sponsors

Top Brands

Press Releases

  • As BTC rises 12% — SIX MINING users earn over $300,000 in...

    54 minutes ago
  • How to Make $91.3K per Day Fast with Bitcoin Fast Start...

    2 hours ago
  • MEXC Lists USD1, Accelerating Global Stablecoin Innovation...

    3 hours ago
  • 2025 The Key to Passive Income from Cryptocurrency for XRP...

    3 hours ago
  • BingX Unveils ChainSpot: A CeDeFi Innovation for Simpler...

    4 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.