Market Expert Sees Big Things For LDO: $6 Price Increase On The Horizon?

Lido DAO (LDO), the innovative liquid staking solution on the Ethereum network, has been on a wild ride lately. After a stellar run, the past week saw LDO plummet 24%, mirroring the broader cryptocurrency market’s turbulence. However, amidst the dip, a sense of cautious optimism flickers among investors, fueled by potential market shifts and bullish whispers from industry gurus. Related Reading: 36% Explosion! ENS Coin Steals The Spotlight In The Crypto Market Lido’s Prominent Role In Ethereum Staking LDO’s recent price tumble isn’t a solo act. The entire cryptocurrency market has been dancing to the tune of Bitcoin’s (BTC) recent price swings. As the king of crypto briefly climbed out of its recent slump, it injected a much-needed dose of confidence into the market, potentially benefiting altcoins like LDO, which is deeply integrated into Ethereum’s staking ecosystem. But the spotlight isn’t solely on Bitcoin. The much-anticipated arrival of Ethereum ETFs (Exchange-Traded Funds) has also ignited a spark of optimism. These financial instruments are expected to attract a wave of institutional and retail investments into the Ethereum space. Given LDO’s prominent role in Ethereum staking, this influx of capital could act as a catalyst for its recovery and propel it past its recent losses. LDO Price Predictions Technical indicators might be painting a mixed picture, with some suggesting ongoing market volatility, but some analysts are throwing caution to the wind and placing their bets on LDO. Renowned analyst Javon Marks isn’t shying away from a bold prediction. $LDO (Lido DAO) continues to hold well broken out here with a target at $5.809! As prices continue to hold this breakout, an over 192% uphill run from here could be in-development and coming… https://t.co/MynijyeaBv pic.twitter.com/O4dR1nrh28 JAVONMARKS (@JavonTM1) June 30, 2024 He suggests that LDO has broken free from its previous trading range, hinting at a potential skyward trajectory. His forecast is music to the ears of LDO bulls, projecting a price target of a staggering $5.809, a staggering 192% increase from current levels. Marks isn’t the only one singing a bullish tune. Various price prediction services are echoing his optimism, foreseeing significant gains for LDO in the near future. Their forecasts, however, come with a caveat: a sustained positive market momentum is crucial for LDO to reach a potential price surge of over 200% by August 2nd, 2024. Volatility Vs. Opportunity The coming weeks will be a delicate dance between navigating market volatility and seizing promising opportunities. The success of Ethereum ETFs and the resilience of Bitcoin will undoubtedly shape LDO’s trajectory. Investors are being advised to tread carefully, carefully evaluating these factors and considering their risk tolerance before taking the plunge. Related Reading: Dogwifhat (WIF) Jumps 21% As Analysts See $4.5 Price Tag While the allure of substantial gains is undeniable, the inherent volatility of cryptocurrencies underscores the importance of a cautious approach. Lido DAO’s journey towards recovery and growth is fraught with challenges, but the evolving market dynamics offer a glimmer of hope. Featured image from www.gbu-presnenskij.ru, chart from TradingView

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LDO Faces Downtrend As Major Transfers Signal Potential Sell-Off

Lido DAO (LDO) is currently experiencing a downtrend, hovering around a key support level. In a notable development, prominent crypto influencer @cobie transferred 3.637 million LDO, valued at approximately $6.7 million, to the Wintermute OTC address five hours ago. This move suggests that Cobie may be entrusting Wintermute to handle […]

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$LDO Plummets Amid SEC Allegations Against MetaMask and LidoFinance

In the last 24 hours, $LDO experienced a significant drop, hitting a low of $1.85, down by 21%, and is currently trading at $1.99. Recent data from AI Chat highlights substantial whale outflows in the past day, matching the outflow levels seen over the past week. This heavy selling pressure […]

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LDO DAO PRICE ANALYSIS & PREDICTION (June 19) LDO Bounced Back After Revisiting Local Bottom, Forms A New Bullish Formation

While most altcoins are yet to find a bottom in the recent dip, LDO has bounced back and is now bullish again after increasing notably in a week. It approaches a key resistance where a potential break lies. After the late 2023 surge that triggered a rally from a low […]

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Binance Auctions Rare Portugal NFT with Cristiano Ronaldo Meet-and-Greet

Binance announces auction of rare Portugal NFT featuring an opportunity to meet Cristiano Ronaldo. (Read More)

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Lido (LDO) Poised For Explosive Surge To $17, Expert Forecasts Massive Breakout

Lido Finance, the liquid staking protocol for the Ethereum (ETH) network, has experienced significant price declines over the past two weeks, largely influenced by the markets downtrend and the lack of bullish momentum. However, a notable breakout could be in the making for the protocols native token, LDO, despite negative financial metrics.  Lido And Mellow Finances [...]

The post Lido (LDO) Poised For Explosive Surge To $17, Expert Forecasts Massive Breakout appeared first on Crypto Breaking News.

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Legal Blow for Cristiano Ronaldo as Judge Denies Dismissal Motion

In a legal blow to Cristiano Ronaldo, the famed Portuguesesoccer star, the judge overseeing the $1 billion class action lawsuit againsthim has rejected his motion to dismiss the case. The lawsuit, filed in Florida,accuses Ronaldo of endorsing Binance, which allegedly led investors into making costly and riskyinvestments.

Ronaldo's Motion Denied in Binance NFT Lawsuit

Judge Roy Altman's ruling, issued on May 4, followed arequest from the plaintiffs to stay proceedings until a ruling on a motion tocompel arbitration. Simultaneously, the judge denied Ronaldo's motion todismiss the case, stating: "We deny without prejudice the Defendant's 29 motionto dismiss."

The lawsuit revolves around Ronaldo's promotion of Binance,particularly in relation to a collection of non-fungible tokens (NFTs) launchedin partnership with the soccer star in November 2022, called "CR7."Through social media endorsements and other promotional activities, Ronaldoencouraged fans to invest in Binance, promising rewards and emphasizing thepotential of NFT investments.

Cristiano Ronaldo Suffers Legal Blow For Promoting Unsafe CR7 NFTs by Cryptocurrency Exchange Binance#CR7 | #CristianoRonaldo | #Cryptocurency https://t.co/aBXitJjvU3

Back in November 2022, Finance Magnates reported that Ronaldo,was set to unveilhis inaugural non-fungible token (NFT) collection exclusively on theBinance NFT marketplace. This launch marks the culmination of a multi-yearpartnership deal between the Portuguese star and Binance, initiated nearly fivemonths ago.

Binance announced that the collection aims to provideRonaldo's fans with an introduction to Web3 through the realm of NFTs. Thepartnership aimed to facilitate broader blockchain understanding while alsoshowcasing Binance's role in building Web3 infrastructure for the sports andentertainment sector.

Arbitration Stay Granted in Binance Endorsement Lawsuit

Ronaldo's endorsements of Binance extended to his Instagramaccount, where he frequently touted the exchange and its associated products.Despite the legal action, Ronaldo's publicist has not yet provided comment onthe matter.

The plaintiffs in the lawsuit are seeking damages exceeding$1 billion, alleging that Ronaldo's endorsements led them into makinginvestments that resulted in financial losses. Their request for the case to bestayed for arbitration, which would involve a third party resolving thedispute, has been granted by Judge Altman.

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Ronaldo unveils 4th NFT collection, Rabbit responds to Coffeezilla: Nifty Newsletter

AI company Rabbit denied Coffeezillas claims that the firm was not forthright about the open-sourcing of its past NFT project.

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Binance Unveils Cristiano Ronaldo NFT Collection 'Forever Worldwide: The Road to Saudi Arabia'

Binance collaborates with Cristiano Ronaldo for exclusive NFT collection. (Read More)

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Significant Ethereum Ecosystem Token Withdrawals Signal Market Moves

In a notable trend, $76.95 million worth of six Ethereum ecosystem tokens$LDO, $ENS, $ENA, $PEPE, $UNI, and $AAVEhave been withdrawn from centralized exchanges (CEX) by fresh wallets and first-time accumulators in the past week. $76.95M worth of 6 #Ethereum ecosystem tokens, $LDO, $ENS, $ENA, $PEPE, $UNI, and $AAVE, have been […]

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Lido DAO (LDO) Price Prediction 2024, 2025, 2026-2030

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Lido (LDO) Takes The Lead With 13% Surge Post Ethereum ETF Approval Key Levels To Watch

Lido (LDO), the liquid staking protocol for the Ethereum (ETH) and Polygon (MATIC) blockchains, has seen a significant price spike in the last 24 hours following the long-awaited approval of spot Ethereum ETF applications by the US Securities and Exchange Commission (SEC) on Thursday. The protocols native token, LDO, has successfully regained the $2.30 level [...]

The post Lido (LDO) Takes The Lead With 13% Surge Post Ethereum ETF Approval Key Levels To Watch appeared first on Crypto Breaking News.

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Lido DAO (LDO) Rallies Following Resolution of Numic Security Incident

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Lido DAO Sees Decline As Amber Group Recharges Tokens On Coinbase

Lido DAO, known for its decentralized autonomous organization providing liquid staking services for various blockchains, including Ethereum and Polygon, experienced a further decline of 6% today, nearing the $1.5 mark. Recent on-chain data confirms reports that Amber Group, a prominent player in the crypto space, has once again recharged 1 […]

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Ethereum-Powered Assets Like $TON, $LDO And $ENA Lead Market Surge, Staking Reaches Milestone

As Ethereum kicked off the week with a strong performance, ERC20 assets have outpaced the broader market, recording an impressive growth of +8.1% over the past week. Powered by #Ethereum's rise to start the week, #ERC20 assets have been well ahead of the markets on average. The sector has […]

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LIDO DAO PRICE ANALYSIS & PREDICTION (April 7) LDO Crashes Near $0.7 After Major Daily Loss, Looks Highly Bearish

Following the latest drop in Bitcoins price, most altcoins have posted major losses, including LDO, which is now looking extremely bearish on the daily chart. Anticipating a retest, it is yet to find a solid ground level.  Starting the year on a bearish note, LDO posted a significant loss after forming a double-top pattern at [...]

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Lido DAO Starts the Week With Bullish Outlook, Will the Uptrend Continue?

The majority of high-market-cap cryptocurrencies began their rise in the early morning. As the leading cryptocurrency Lido DAO (LDO) kicked

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Altcoins Shows Buy Signals, Massive Opportunity Beckons: Analyst

As the price of Bitcoin (BTC) continues to demonstrate a major fall in valuation, indicating a gloomy attitude toward the crypto asset, the bulls in the market are hopeful that the market will soon enter another Season for Altcoins. Altcoins Showing Massive Buying Opportunity  Bitcoin’s recent dip signaled the beginning of the decline in the cryptocurrency market, causing several altcoins to drop significantly. However, many cryptocurrency analysts believe that the drop in these altcoin prices might serve as an opportunity for future gains since the alt-season is on the horizon. Related Reading: The Tipping Point: Altcoins Bull Market Incoming, Predicts Analyst Heres Why Popular cryptocurrency expert and trader Michael Van De Poppe has revealed his optimism in the altcoin market, highlighting the significant opportunities of getting into these tokens before the alt-season begins. According to Michael Van De Poppe, “some altcoins have now dropped by over 40%” in comparison to their past all-time high. As a result, Poppe believes that this is the right time for investors to purchase these digital assets to position themselves for future gains. Poppe noted he normally invests in these tokens during bull cycles when they are about 25% to 60% less expensive. This demonstrates the crypto expert’s confidence in the assets to rally in the coming months. While pointing out the massive opportunities in the market, Poppe has underscored Arbitrum (ARB) as one of the altcoins investors should watch out for. He believes that ARB could realize substantial gains in time, as the token is down and poised for a new leg UP. Recently, there have been notable advancements in the crypto asset’s price, demonstrating momentum for an upward movement. As of the time of writing, ARB was trading at $1.70, indicating an over 10% increase in the daily timeframe. However, in the weekly and monthly timeframe, ARB is down by 22% and 15%, respectively. Meanwhile, Arbitrum’s market capitalization has increased by roughly 10% to exceed the $4.5 billion threshold. Top ALTs To Purchase After Bitcoin’s Retracement On-chain analyticS platform Santiment has also highlighted the drop in altcoins as a shot to garner profits in the upcoming months. Santiment pointed out several altcoins that offer a “possible bullish opportunity,” following Bitcoin’s crash today to a two-week low of $61,700. Related Reading: Is Altcoin Season Upon Us? Heres What Bitcoins Performance Shows Some of the tokens listed by Santiment are BOUNCE, LDO, OMG, STORJ, and SNX. The MVRV Opportunity and Danger Zone Model, according to Santiment, shows that many altcoins have now declined to the point where mid-term trading returns are in an “opportunity zone.” However, when an asset’s 30-day, 90-day, and 365-day average wallet returns add up to be negative, this zone is breached. Even with the recent general correction, the altcoins market appears to be headed toward a favorable long-term picture. Consequently, this presents an excellent chance for investors to purchase these digital assets at a reduced cost. Featured image from Shutterstock, chart from Tradingview.com

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Ethereum Shanghai Update Gives Native Tokens A Boost In Price

After several postponements, a date has finally been set for the Ethereum Shanghai upgrade, which will allow for the withdrawal of staked ETH on several platforms. According to the Ethereum Foundation’s latest note, the Shanghai upgrade is set to be activated by 6:30 pm UTC on April 12, 2023. This latest update on the Shanghai [...]

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Binance Reloads Ronaldo CR7 NFT Collection with a Lineup of IRL Perks

Cristiano Ronaldo gives congratulations to the holders as Binance rolls out a list of real-life gratuities.

Continue reading at DailyCoin.

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