Home Finance 3 Causes Why Lido DAO Worth Jumped 40% in One Week – Outperforming Bitcoin, Ethereum

3 Causes Why Lido DAO Worth Jumped 40% in One Week – Outperforming Bitcoin, Ethereum

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3 Causes Why Lido DAO Worth Jumped 40% in One Week – Outperforming Bitcoin, Ethereum

Lido DAO (LDO) value rebounded to its three-week excessive of $2.21 on Could 16, up 40% from its native low of $1.57 set 4 days in the past.

This spectacular double-digit rally got here in tandem with different prime crypto belongings, together with (BTC) and Ether (ETH). Nonetheless, LDO has largely outperformed the broader crypto market (TOTAL), which is up solely 4.5% since Could 12.

every day value returns relative to , and TOTAL. Supply: Buying and selling View
Deposits and withdrawals of Ether in/from its PoS contract. Supply: Nansen
Lido DAO every day value chart. Supply: Buying and selling View

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