The upcoming Lido DAO (LDO) community vote has potential to make a positive influence both on LDO and Arbitrum (ARB) prices. There is a proposal submitted by Justin David Reyes, the Head of Decentralized Finance Business Development and Partnerships at LDO, which proposes to utilize the Arbitrum's airdrop and the claimed ARB tokens as emission rewards for incentivizing the adoption of wrapped staked ETH (wstETH) across the Arbitrum network. There is a documented entitlement of Lido DAO to claim up to 772,621 ARB tokens, judging from current prices of ARB, it is estimated that the Dollar value of these tokens is around 1.2 million Dollars.

The result of the vote is expected to have an notable effect on prices of both ARB and LDO, as those have been facing low trading volumes in the past few weeks. If the vote turns out favourable for Lido and Arbitrum, then the price of LDO could potentially surge and break the immediate resistance level at $2.63, which will also clear the route for price rise up to $2.92. The same situation may happen to ARB as its price could surpass the $1.70 resistance level and reclaim the high of around $1.80, which would constitute a 10% rise from its current levels.

At the moment, the prices of both LDO and ARB have fallen by 3.09% and 7.35% respectively. All in all, it is advised to do thorough research and due diligence before making any decisions regarding the coin, as any actions taken by the reader may bring potential risks and losses, for which Coin Edition and its affiliates cannot be held liable.



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