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- The Lido DAO crypto has given a return of 143% to its investors in the last year.
- The LDO crypto has a Total Value Locked worth $20.639 Billion.
Lido DAO is a liquid staking protocol for ETH 2.0, governed by LDO token holders. It allows users to earn staking rewards while using stETH in DeFi. It balances centralization and decentralization, and uses Easy Track for efficient governance. It was co-founded by Fish and Lomashuk in 2021.
The current market cap value of the Lido DAO is $2.959 Billion, which has increased by 1.38% in the last 24 hours. The trading volume of the LDO crypto is flat, resulting in a traded volume of $219.195 Million.
The market cap ranking of Lido DAO is 35th and it has a volume/market cap ratio of 0.0697. Additionally, the market cap dominance of the crypto is 0.17%.
The market cap/TVL ratio of the LDO crypto is 0.1399 and its circulating supply is 890.183M LDO. Additionally, the total supply of the crypto is 1.0 Billion LDO and the max supply of the crypto is also similar to the total supply.
LDO Crypto Technical Analysis
Rising to higher levels on the larger timeframe, the LDO crypto has consistently been forming higher highs. It has broken above a very crucial resistance level and if the price sustains above the breakout level, we might see the price reaching even higher levels on the charts.
The 50-day and the 200-day EMAs are forming a golden cross and the price of the LDO crypto is also consistently rising to higher levels. The Rolling VWAP on the daily chart is also consistently rising, leading to higher levels.
The RSI is also showcasing bullish momentum on the daily charts as it is in the overbought zone and has also risen above the 14-day SMA.
Conclusion
LDO is a liquid staking protocol for ETH 2.0 with high returns and TVL. It has a strong market cap, volume, and ranking. It is breaking above key resistance levels and forming higher highs. The indicators are currently bullish for LDO and so the price will probably continue rising.
Technical Levels
Support Levels: $1.475 and $2.500
Resistance levels:$5.00 and $8.00
Disclaimer
This article is for informational purposes only and does not provide any financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
