The Lido DAO price has risen by as much as 13% since lows yesterday, with its current price of $1.23 representing a 7.5% gain in 24 hours, and an 18% rise in a week. It’s also up by 30% in two weeks, with organic growth in the use of Lido DAO largely responsible for its improving fortunes.
Data suggests that Lido DAO has now overtaken MakerDAO as the biggest DeFi platform in the cryptocurrency ecosystem (in terms of total value locked in), helped largely by its handling of Ethereum staking. And given that Ethereum developers have confirmed that stakers will be able to withdraw their staked ETH by March, this will cause further LDO price rises in the intervening weeks.
Lido DAO Price Prediction as LDO Rockets Up 13% in 24 Hours – LDO to the Moon?
LDO’s indicators reveal a strong increase in momentum since the beginning of the year. Its relative strength index (purple) jumped to nearly 90 a few days ago and remains above 70, signalling ongoing buying pressure.
In keeping with this, LDO’s 30-day moving average (red) has shot above its 200-day average (blue), with the steepness of its climb suggesting that the altcoin is now enjoying a breakout.
There are numerous reason for LDO’s rally today, yet thet can all be boiled down to the fact that more investors are using Lido DAO as a staking platform for Ethereum. Ever since the latter moved to a proof-of-stake consensus mechanism in September (and several months before that), Lido has been enjoying increasing usage, with its LDO governance token benefitting in parallel.
According to DefiLlama, its total value locked in has now reached $5.99 billion, putting it ahead of MakerDAO as the biggest DeFi platform in crypto (and also putting it ahead of every layer-one blockchain bar Ethereum). What’s more, this value is likely to increase now that Ethereum developers have confirmed that stakers will be able to withdraw their staked ETH from March.
This has increased demand for Lido and LDO, which is likely to continue rising in price as March draws closer. At $1.23, it could even see a rally close to $2, which was where it was back in September, around the time Ethereum’s Merge was completed.
This appears to be expectation of some of the whales who’ve been stocking on LDO in recent days. For example, one whale transferred some 300,000 LDO to Binance a few days, with this whale in particular known to sell the coin when its price is high, with his average selling price being $2.16.
Looking to the more distant future, LDO’s all-time high is $7.30 (set in August 2021). Assuming the market returns to more bullish conditions sooner or later (most likely later), this will be its eventual target.
Presales in 2023
Of course, this is very much LDO’s long-term target, with the altcoin currently held back by ongoing market uncertainty. Much the same games for nearly every other major cryptocurrency in the market, yet there’s at least one class of altcoin that doesn’t suffer from bearishness: presale tokens.
Such tokens had a very good 2022, despite the ongoing bear market. To take a couple of the most visible examples, Tamadoge (TAMA) rose by as much as 1,800% compared to its presale price in October, when it listed on OKX. Even more impressively, Lucky Block (LBLOCK) witnessed an increase as high as 6,000% in February, compared to a sale price of $0.00015.
The three presale tokens below hope to come close to matching such performance, with the fundamentals of each providing them with a good chance of doing so.
Fight Out (FGHT)
Based on Ethereum, Fight Out (FGHT) is a new move-to-earn app that combines real-life workouts with Web3. Going beyond the template set by early M2E platforms such as STEPN, it tracks and rewards a wide range of workouts, including boxing, weightlifting and yoga, while also offering a range of in-app and IRL courses at its own branded gyms.
Launched last month, its token sale has already raised over $2.5 million, with 1 FGHT currently going for $0.0166 (this will increase in later stages of the sale). Investors can participate by going to its website and connecting their Connect Wallet or MetaMask wallets.
Visit FightOut Now
Dash 2 Trade (D2T)
Also running on Ethereum, Dash 2 Trade is a trading intelligence platform that, launching in Q1 in 2023, will provide real-time analytics and social trading data. It offers investors of all experience levels all the resources and tools they could possibly need to make more informed trading decisions.
The sale of its D2T token has raised over $12.4 million and is due to end in only three days. It has also announced listings on BitMart, Changelly Pro, and LBANK Exchange for early 2023, with the first due on January 11.
Visit Dash 2 Trade Now
C+Charge (CCHG)
Based on BNB Chain, C+Charge (CCHG) is a peer-to-peer payment system for electric vehicle (EV) charging stations, with the laudable aim of widening access to carbon credits. It launched the sale for its native CCHG token before the end of 2022, with CCHG set to be used within its network by EV owners to pay to charge their vehicles.
C+Charge will also reward users with carbon credits for charging their EVs at its stations, while the platform has already signed a deal with Perfect Solutions Turkey, adding 20% of the EV chargers in Turkey to its network. This signals its early promise, and shows how serious it is about becoming a global leader in EV charging.
Visit C+Charge Now
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