Crypto News

Lido’s $LDO Soars To A Notable Four-Month High, Fueled By Expansion Momentum

Lido DAO’s native coin, $LDO, has hit a pinnacle not seen in four months, coming to $2.5 with a 12% surge in the past day. Notably, this surge comes as Lido DAO continues to cut out its job as the go-to liquid staking protocol on the Ethereum network.

Notably, $LDO gained significant attention during the 2020-2021 bull run, hitting an unsurpassed high of $11. Yet again now, with a recharged bullish push, the coin is recovering its momentum as it strives to make holdings profitable. Of course, this is particularly for long-term holders. 

So, the recent four-month high is gathering attention, and market enthusiasts are humming with speculation about the possible direction of $LDO’s value. Also, many analysts are especially interested by the ongoing expansion efforts of Lido DAO. As they keep on noting in the event that this surge is a precursor to new all-time highs.

Hashkey Exchange $LDO Listing Announcement

Furthermore, a significant contributor to this recent upswing is the announcement of Lido DAO’s listing on Hashkey Exchange. This is a prestigious Hong Kong-based platform. Of course, the listing is set to occur on November 16tj at 16:00 (UTC+8). This particular announcement has made a wave of excitement in the market. Which has logically impacted the recent boost in $LDO’s value.

Progressively, with the Hashkey Exchange listing, Lido DAO is positioned to acquire increased exposure and liquidity. Which, of course, will be adding further momentum to $LDO’s vertical direction.

Finally, multiple investors and analysts are currently watching out for $LDO, expecting a to know what the next action will be for the token, especially with the recent expansions and pride spike. 

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

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