{"id":618478,"date":"2025-01-15T14:31:29","date_gmt":"2025-01-15T14:31:29","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=618478"},"modified":"2025-01-15T14:31:29","modified_gmt":"2025-01-15T14:31:29","slug":"next-cryptocurrency-to-explode-15-january-lido-dao-stp-gala-cardano","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/next-cryptocurrency-to-explode-15-january-lido-dao-stp-gala-cardano","title":{"rendered":"Next Cryptocurrency to Explode, 15 January \u2014 Lido DAO, STP, Gala, Cardano"},"content":{"rendered":"

The altcoin market looks promising, and many altcoins are recording gains. Late last year, the cryptocurrency market experienced heightened volatility as several tokens experienced price fluctuations. But things have mostly been on the green side for many investors since November. Investors need to stay alert during this consolidation phase, as it could be a chance to catch a ride on a rising trend.<\/span><\/p>\n

Prices of various altcoins are already showing positive movements, even before the market takes off entirely. This article is dedicated to identifying the<\/span> next cryptocurrencies to explode<\/span><\/a> and inform investors and traders about each token.<\/span><\/p>\n

Next Cryptocurrency To Explode<\/b><\/h2>\n

Savvy investors capitalized on this year’s boom in the altcoin market and taking positions in upcoming tokens like the Meme Index. Meme Index simplifies investing in meme coins by offering exposure to a curated collection of meme coins, reducing individual risks.<\/span><\/p>\n

1. Lido DAO (LDO)<\/b><\/h3>\n

Lido Finance is the largest liquid staking protocol in the DeFi ecosystem, showcasing remarkable dominance. According to DeFiLlama, Lido currently boasts a total value locked (TVL) of $38.4 billion, significantly outpacing competitors like Rocket Pool and Jito, which hold $2.9 billion and $3.1 billion, respectively. This impressive lead underscores Lido’s strong foothold in the market.<\/span><\/p>\n

Moreover, Lido achieved a groundbreaking milestone in 2024, marking its fourth year of operation. For the first time, the platform recorded a net profit of $5 million, supported by $99 million in revenue and $94 million in expenses. Steakhouse Financial, a leading crypto advisory firm, confirmed that this achievement represents a pivotal moment in Lido’s journey toward profitability and sustainability.<\/span><\/p>\n

\"LDO<\/p>\n

Lido’s native token, LDO, has also experienced noteworthy growth. Over the past month, the token surged by 33.36%, reaching $1.53. Additionally, its trading volume increased by 38.50% in the last 24 hours, highlighting rising interest in Ethereum staking. Although its market capitalization slightly declined to $1.37 billion, these numbers demonstrate Lido’s growing influence and appeal in the staking sector.<\/span><\/p>\n

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Reminder: Lido on Polygon will be paused temporarily from tomorrow, January 15th, as part of the sunsetting process and will resume on January 22nd. <\/p>\n

No withdrawals will be processed during this period.<\/p>\n

For more info, check out https:\/\/t.co\/icgidJsbqF<\/a>.<\/p>\n

— Lido (@LidoFinance) January 14, 2025<\/a><\/p><\/blockquote>\n