- LDO and RPL prices have been unimpressive for the last 90 days.
- LDO may rise to $1.65, provided the 20 EMA maintains its position above the 50 EMA.
- RPL’s volatility remained low, indicating the viability of major price fluctuations.
If there is one sector of the crypto market that has experienced massive adoption despite the torrid market conditions, it’s the liquid staking sector. However, Liquid Staking Tokens (LSTs) like Lido Finance (LDO) and Rocket Pool (RPL) have not had the same performance.
Sebastian Motelay, research analyst at Token Terminal, posted on X (formerly Twitter) about the matter. According to Motelay, Lido remains the dominant project out of all the liquid staking protocols, with an 84.4% market share.
3/ Assets Staked@LidoFinance still holds the most dominant position in the sector, with a market share of 84.4% based on assets staked.Note: The value only takes the projects from this report into account. pic.twitter.com/sofia0iGuh
— Sebastian Motelay (@SebastianMotel1) October 8, 2023
But on the market cap to asset staked ratio, Lido’s performance was underwhelming. At the time of writing, the ratio was 0.11—a very low val…
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