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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
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