Lido DAO (LDO) Rallies 80% in One Week to Outperform Bitcoin, Ethereum and Dogecoin Gains – Lido DAO Token (LDO/USD)

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Lido DAO LDO/USD has rebounded over 79.63% in the past seven days and was trading at $1.94 on Monday at 12:00 p.m. EST.

Cryptocurrency earnings price (12 amEST) 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 Bitcoin cryptocurrency BTC/USD gained 3.53% in the past seven days and managed to break through $17,000 while Ethereum ETH/USD rose 9 .17% and Dogecoin DOGE/USD climbed 7.69% over 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 ETH tokens staked. Since the Ethereum network transitioned from proof-of-work to proof-of-stake in 2022, demand for the platform has skyrocketed.

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

Solana SOL/USD gained 63.47% in the past seven days. This increase can be attributed to Solana developers who released a new Shiba Inu themed BONK coin, BONK/USD, created to compete with SHIB SHIB/USD.

Optimism peaked at 43.90%, while Zilliqa came next, gaining 39.96%, and Ethereum Classic was up 36.12% over the past seven days.

Read next: Bitcoin surges above $17,000, Ethereum and Dogecoin extend gains: Analyst predicts crypto rally this week, but don’t get carried away

Sources

1/ https://Google.com/

2/ https://news.google.com/__i/rss/rd/articles/CBMilgFodHRwczovL3d3dy5iZW56aW5nYS5jb20vbWFya2V0cy9jcnlwdG9jdXJyZW5jeS8yMy8wMS8zMDMyNTQ3Mi9saXF1aWQtc3Rha2luZy10b2tlbi1yYWxsaWVzLTgwLWluLWEtd2Vlay10by1vdXRwZXJmb3JtLWJpdGNvaW4tZXRoZXJldW0tZG9nZWNvaW4tZ2FpbnPSAS1odHRwczovL3d3dy5iZW56aW5nYS5jb20vYW1wL2NvbnRlbnQvMzAzMjU0NzI?oc=5

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