Lido Dao Price Prediction: Why has the price of LDO increased by 80%?


Lido DAO (LDO), Lido Finance’s cryptocurrency, has noticeably raised its overall market capitalization to $1.25 billion. This article is all about the Lido DAO price prediction and why has the LDO price increased by 80%. Let’s take a look at it in more detail.

What Is Lido DAO?

Lido is a protocol that aims to provide users with the ability to stake on multiple blockchains. Many people are unaware of the benefits of staking their assets because staking is still a new concept in the digital asset space. The blockchain space allows investors to earn money in a variety of ways, one of which is by staking your asset over time. Lido hopes to build the staking economy, according to the protocol’s official website. While it is still a new protocol, it has the potential to change how easily users can stake it. The advantage of using Lido is that you receive daily rewards on your staked tokens, and you can stake as much as you want.

Why has the price of Lido DAO increased by 80% in just 7 days?