The token for decentralized autonomous organization (DAO) Lido (LDO), which provides liquid staking solutions for Ethereum (ETH) and other proof-of-stake blockchains, has surged 20% in the past 24 hours, reaching a price of $2.37. This surge follows the announcement by cryptocurrency exchange Kraken that it is relaunching its staking services for US clients. Kraken facilitates staking by delegating users' staked tokens to network validators, who then return rewards to clients. The news of the relaunch has led to increased buying activity for LDO. Crypto analysts predict further upside potential for LDO, with a target price range of $7-$8. The price trajectory of LDO remains tied to Ethereum's performance, and analysts are optimistic about an upcoming Ethereum rally.



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