The LDO token was observed to be on the receiving end of massive interest from Ethereum [ETH] whales. The huge interest from large investors could provide LDO with a much needed support to grow. ______________________________________________________________________________________ Here’s AMBCrypto’s Price Prediction for Lido [LDO] for 2022-2023 ______________________________________________________________________________________ Deep pockets to fill According to a tweet dated 30 […]
Coupled with he aforementioned information, the amount of fees and revenue generated by Lido also increased over the past few weeks. At press time, the amount of feesSource: DeFiLlama
The LDO token also showed improvements in its performance. Over the last few weeks, the number of Lido’s daily active addresses increased immensely. During the same period, its network growth showed improvements as well as can be seen from the image below.for the first time had increased. This inferred that the new addresses may be showing interest in LDO.Its volume for instance, depreciated from 61 million to 32 million in the past week.
These factors coupled with a declining Market Value to Realized Value ratio could paint a negative outlook for LDO in the coming future.At the time of writing, LDO was trading at $1.53 and had depreciated by 8.66% in the last 24 hours. Its volume had depreciated by 7.08% as well in the same time period.Subscribe to get it daily in your inbox.
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