American Invest Hub
  • Politics
  • Investing
  • Business
  • Latest News

American Invest Hub

  • Politics
  • Investing
  • Business
  • Latest News
Investing

Lido DAO price forecast: LDO target points to a 115% surge

by admin February 15, 2025
February 15, 2025
Lido DAO price forecast: LDO target points to a 115% surge

Lido DAO Token (LDO) price has remained in a tight range in the past few months as investors have focused on meme coins instead of utility tokens. The LDO price was trading at $1.873 on Saturday, up from this month’s low of $1.4. It has remained in this range in the past few months and is still down by about 53% from its highest point last year. 

Lido DAO token rises amid bullish sentiment

There are signs that investors are turning to Lido DAO token as focus tuns to the upcoming V3 launch that introduce new features. The most notable features are its customized staking, validator customization, and risk-reward adjustments.

Crypto tokens often surge ahead of a major upgrade as they typically lead to more enthusiasm and engagement, especially on X and StockTwits. Indeed, data by Santiment shows that the LDO token had one of the most bullish crowd sentiment in 9 months. 

Santiment

@santimentfeed

·Follow

📈 Lido Dao’s +26% market cap surge over the past 5 days has led to the altcoin having the most bullish crowd sentiment in 9 months. The 54th ranked market cap asset normally only gets ~0.025% of crypto discussions, is seeing 9 times the normal discussion rate.

With several…

4:29 AM · Feb 15, 2025

36

Reply

Read 6 replies

Catalysts for LDO token

The LDO token price has more catalysts on top of the upcoming upgrade. First, there are signs that Ethereum Foundation will deposit cash to the network soon. The foundation has deposited cash to some of its biggest ecosystem assets recently.

As shown below, it deposited $26.7 million to Spark, $80 million in AAVE, and $11.6 million in Compound. This deployment is part of the foundation’s goal to support its ecosystem growth over time. 

Ethereum Foundation Transfers

Therefore, there is a likelihood that it will deposit cash to Lido DAO, the biggest part of its ecosystem with over $24 billion in assets. 

For starters, Lido offers a liquid staking platform that enables users to deposit their staked Ether tokens in exchange for the stETH token. This allows users to continue earning rewards from their staked ETH tokens. 

Liquid staking is often seen as a better alternative to the traditional approach because users can use the stETH tokens to trade and do other things in the decentralized finance (DeFi) industry. ETH staked in Lido earns a reward rate of about 2.5%.

Lido has become one of the most profitable players in the crypto industry. It has already made over $124 million in fees this year, making it the third-most profitable dApp in the industry after Jito and Uniswap. According to TokenTerminal, it has made over $1 billion in the last 12 months.

Read more: Ethereum Staking Meets Social Impact: Lido Impact Staking Officially Launches

Lido DAO price forecast

LDO chart by TradingView

Technicals suggest that the LDO token price may surge in the coming months. The daily chart shows that the token has been in a tight range in the past few months as it has remained between the support and resistance levels at $1.4 and $2.45. 

This consolidation is part of the formation of the handle section of the cup and handle pattern, a popular bullish continuation sign. This cup has a depth of 65%.

Therefore, by measuring the same distance from the upper side of the cup, we can estimate that the token will surge to last year’s high of $4.2. This price action is about 115% above the current level.

The post Lido DAO price forecast: LDO target points to a 115% surge appeared first on Invezz

0
FacebookTwitterGoogle +Pinterest
previous post
AppLovin stock forecast: Here’s why APP shares may crash soon
next post
Crypto market today: Mantra, Trump coin, WIF, XRP prices surge

Related Posts

WOA Proprietary Technology Successfully Adapted to Produce Pea...

July 10, 2024

Ethereum price prediction: risky pattern points to a...

October 28, 2024

Charter Communications stock may crash after earnings

January 31, 2025

USD/IDR: Indonesian rupiah slumps ahead of key rates...

December 18, 2024

Bitcoin Well Announces Company Record of New Users...

March 29, 2024

EUR/USD forecast ahead of ECB decision and US...

December 8, 2024

Best crypto to buy in this altcoin bear...

February 7, 2025

Avoid MicroStrategy stock and buy MSTX and MSTU...

December 5, 2024

Are dividend aristocrat ETFs like NOBL and SDY...

February 23, 2025

First Results Returned from Link Zone Drilling Confirm...

May 22, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest News

    • Interview: Strategic location gives Brazil Potash cost advantage in domestic fertiliser market, says CEO Matt Simpson

      June 1, 2025
    • Canada’s Q1 GDP expands by 2.2%, driven by exports spike ahead of potential US tariffs

      June 1, 2025
    • President Trump to host farewell for Elon Musk as DOGE leader steps away

      June 1, 2025
    • UK’s digital banks face divergent fortunes: Starling stumbles, Monzo and Revolut soars

      June 1, 2025
    • Trump wants Apple to shift iPhone production from India to the US: here’s what it means

      May 18, 2025

    Categories

    • Business (3,022)
    • Investing (2,459)
    • Latest News (1,994)
    • Politics (1,530)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: americaninvesthub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 americaninvesthub.com | All Rights Reserved