{"id":373022,"date":"2023-02-02T12:26:09","date_gmt":"2023-02-02T17:26:09","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=373022"},"modified":"2023-02-02T12:26:09","modified_gmt":"2023-02-02T17:26:09","slug":"lido-price-prediction-ldo-targets-35-in-anticipation-of-the-lido-dao-proposal","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/lido-price-prediction-ldo-targets-35-in-anticipation-of-the-lido-dao-proposal","title":{"rendered":"Lido Price Prediction: LDO Targets 35% In Anticipation Of The Lido DAO Proposal"},"content":{"rendered":"
LDO, the native token for Lido Finance protocol and the ticker for the Lido DAO utility and governance token, is currently posting impressive gains after climbing 7% in the last 24 hours to $2.3.<\/span><\/p>\n The token has also recorded a 48% increase in trading volume over the same timeframe to $178.5 million. With such an active trading activity within such a brief timeframe, LDO’s market cap surged 8% on the day to $1.95 billion, catapulting it to the #34 position on CoinMarketCap.<\/span><\/p>\n The gains come as the liquid staking protocol<\/a> continues to record improved fundamentals while building upon the ongoing short-term recovery in the crypto market.<\/span><\/p>\n Lido Finance started the year by displacing MakerDAO as the leading decentralized finance (DeFi) protocol with the highest total value locked (TVL). Based on DefiLlama<\/span> data<\/span><\/a>, it maintains the apex spot with a live TVL of $8.56 billion.<\/span><\/p>\n The reason for the skyrocketing TVL is not far-fetched, revolving around Ethereum’s Shanghai upgrade slated for March. The Lido DAO liquid-staking platform has recorded a surge in the number of staked deposits on its platform.<\/span><\/p>\n LIDO DAO’s Total Value Locked<\/strong><\/p>\nLDO Bulls Remain Greedy Despite Criticism Against The Lido DAO Proposal<\/b><\/h2>\n