The price of Lido DAO Token (LDO) has remained stagnant over the past few months, despite the surge in popularity of meme coins. However, there are signs that investors are now turning to LDO as the focus shifts to the upcoming V3 launch, which will introduce new features such as customized staking and risk-reward adjustments. This has led to a surge in bullish sentiment towards LDO, with the token experiencing the most bullish crowd sentiment in 9 months. Additionally, there are indications that the Ethereum Foundation may deposit cash into the Lido DAO network, further driving interest in the token. Lido has become one of the most profitable players in the industry, generating over $124 million in fees this year. From a technical analysis standpoint, the LDO token price is expected to surge in the coming months based on the formation of a cup and handle pattern, with a target price of $4.2, representing a 115% increase from the current level.



Other News from Today