Evaluates Lido’s new election coupling and what it can do for LDO in the fourth quarter

The I am doing The token is observed on the receiving end of the massive interest of Ethereum [ETH] whales; It can provide tremendous interest from big investors I am doing With much needed support for growth.

_______________________________________________________________________________________

Here AMBCryptos Lido Price Prediction [LDO] For 2022-2023

_______________________________________________________________________________________

Deep pockets to fill

according to tweet on the date October 30 WhaleA crypto whale tracking platform, LDO was among 10 tokens purchased among the top 100 ETH whales in the past 24 hours. In addition, it was observed that whales caught 1 million dollars in steth At the time of writing.

As shown in the image below, Ethereum is betting along outdoor bath It also showed a tremendous amount of growth. This underscores the fact that the public interest behind Lido staking ETH has also increased.

Source: Dune Analytics

Interesting in stETH may have an effect outdoor bath As for TVL as well. according to DeFiLama, Lido’s TVL grew from $6.03 billion all the way to $7.5 billion last month.

‘I feel good

Besides the above information, the amount of fees and revenue that Lido has earned in recent weeks has also increased. At the time of publication, fee amount Lido earned in the last 24 hours was $1.2 million and the revenue was $120,000.

Source: DeFiLlama

The LDO code has also shown improvements in its performance. In recent weeks, the number of active daily Lido titles has increased dramatically. During the same period, network growth showed improvements, as can be seen in the image below.

Increased network growth means that the amount of new addresses being transferred I am doing For the first time increased. This concluded that new titles may show interest in LDO.

Source: feeling

Despite this growth, Lido’s token has underperformed in other areas. For example, its volume was written off from 61 million to 32 million last week. In addition, the speed of the LDO decreased, indicating that the frequency with which the LDO was transmitted was decreased. These factors combined with the declining market capitalization relative to realized value (MVRV) could create a negative outlook for LDO in the near future.

Source: feeling

At the time of writing, LDO is trading at $1.53 and is down 8.66% in the last 24 hours. The trading volume also decreased by 7.08% during the same time period.

Leave a Reply

Your email address will not be published. Required fields are marked *