- LDO hits an all-time high at $3.83, showcasing 18.29% growth amidst ETF confusion, reflecting robust investor trust.
- The surge in LDO’s market cap and volume signals a strong investor shift toward DeFi’s promising future.
- Technical analysis reveals LDO’s potential bullish surge, backed by increasing buying pressure and a positive MACD trend.
Lido DAO (LDO) has been bullish in the past 24 hours despite the market turbulence triggered by misinformation regarding Bitcoin ETFs. Investors have seen LDO’s value soar from an intra-day low of $3.13 to an all-time high of $3.83. LDO traded at $3.78 at press time, marking an 18.29% increase from its 24-hour low.
LDO/USD 24-hour price chart (source: CoinStats)
Significantly, this upward movement in Lido DAO’s price has been accompanied by a notable surge in market capitalization and trading volume. The market cap has risen by 18.26% to reach $3,363,562,356. Moreover, the trading volume has escalated dramatically, increasing 117.04%, now at $366,939,528. This heightened activity underlines the growing investor interest in Lido DAO.
Impact of False Bitcoin ETF Approval Announcement
Additionally, the crypto market …
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