One of the cryptocurrencies that has shown the best bullish performance in this first week of the year is Lido DAO Token (LDO), this cryptocurrency that is part of the liquid staking solution for proof-of-stake (POS) blockchains increased in price by an estimated 80% in the last week.
Lido DAO Token (LDO) in the last 7 days went from $1.14 to $2.05, and at the time of writing had a market capitalisation at $1,599,407,286.
Another thing to note about LDO is that in the last 24 hours it had a volume of 102,913,932 which places it according to Coin360 in 31st position by market capitalisation.
Lido DAO Token's (LDO) extraordinary bull run comes precisely at a time when the entire cryptocurrency market started to show signs of a trend reversal.
Thanks for reading, have an exciting and productive day.
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We are most likely going to see more of such price increase as FUD around crypto reduces.
However, if the reverse is the case with FUD then all these pumps are going to be quite temporal, but let's hope not.
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Good point, there is certainly a good chance that we will see increases like this one that LDO has developed, but it will all depend on whether we let FUD dominate the market.
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It is crypto we are dealing with so it is only natural
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