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Lido DAO: Ethereum's biggest Merge staker just jumped 30% — will LDO rally into September?
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Lido DAO (LDO) price edged higher on Aug. 3, primarily due to similar upside moves elsewhere in the crypto market and a rising euphoria around Ethereum's network upgrade in September.On the daily chart, LDO's price reached an intraday high of $2.40 a day after bottoming out locally at $1.84.
The sharp upside reversal amounted to nearly 30% gains in a day, suggesting traders' strengthening bullish bias for Lido DAO.Lido DAO is a liquid staking solution for Ethereum by total value deposited.
Read more on cointelegraph.comAbout this in other media
What the fork? Ethereum's potential forked ETHW token is trading under $100 cointelegraph.com /5 days ago
Might MakerDAO risk market decline due to Ethereum’s Merge ambcrypto.com /1 week ago
Ethereum price rises by 50% against Bitcoin in one month — but there's a catch cointelegraph.com /1 week ago
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