{"id":624518,"date":"2024-06-13T23:00:06","date_gmt":"2024-06-13T23:00:06","guid":{"rendered":"https:\/\/wncen.com\/?p=624518"},"modified":"2024-06-13T20:54:32","modified_gmt":"2024-06-13T20:54:32","slug":"lido-ldo-poised-for-explosive-surge-to-17-expert-forecasts-massive-breakout","status":"publish","type":"post","link":"https:\/\/wncen.com\/lido-dao\/lido-ldo-poised-for-explosive-surge-to-17-expert-forecasts-massive-breakout\/","title":{"rendered":"Lido (LDO) Poised For Explosive Surge To $17, Expert Forecasts &#8216;Massive Breakout&#8217;"},"content":{"rendered":"<p><span style=\"font-weight: 400\">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 market&#8217;s downtrend and the lack of bullish momentum<\/span><span style=\"font-weight: 400\">.\u00a0<\/span><span style=\"font-weight: 400\">However, a notable breakout could be in the making for the protocol&#8217;s native token, LDO, despite negative financial metrics.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Lido And Mellow Finance\u2019s Partnership<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Despite the challenging market conditions, Lido has made notable strides within its ecosystem. Collaborating with Mellow Finance as part of the Lido Alliance, the protocol has <\/span><a href=\"https:\/\/blog.lido.fi\/advanced-defi-strategies-for-steth-with-mellow\/\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">introduced <\/span><\/a><span style=\"font-weight: 400\">advanced decentralized finance (DeFi) strategies for stETH holders.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">These strategies aim to leverage Mellow Finance&#8217;s permissionless Liquid Restaking Token (LRT) creation, enabling<\/span><a href=\"https:\/\/wncen.com\/news\/bitcoin-volatility-reaches-historic-low\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\"> stETH holders<\/span><\/a><span style=\"font-weight: 400\"> to maximize asset utility through decentralized restaking and accumulating various rewards.\u00a0<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/solana\/solana-return-of-bullish-sentiment\/\" target=\"_blank\" rel=\"noopener \">Solana On-Chain Indicators Suggests A Return Of Bullish Sentiment, Is It Time To Buy SOL?<\/a><\/div>\n<p><span style=\"font-weight: 400\">The newly launched vaults also aim to secure and flexible means for engaging with Ethereum staking and DeFi, increasing the liquidity and utility of stETH.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">This partnership marks the initial phase of the Lido Alliance&#8217;s efforts to expand the Ethereum <\/span><a href=\"https:\/\/wncen.com\/news\/ripple\/xrp-price-aims-0-550\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">staking ecosystem <\/span><\/a><span style=\"font-weight: 400\">through strategic collaborations with aligned projects.\u00a0<\/span><span style=\"font-weight: 400\">However, key metrics indicate a decline in the price of LDO, potentially following the footsteps of Ethereum, which has also seen a drop to $3,480 from its March peak of $3,990.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400\">Negative Financial Metrics<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Lido&#8217;s Total Value Locked (TVL) experienced a 1.70% decrease, amounting to $35.39 billion, primarily influenced by <\/span><a href=\"https:\/\/wncen.com\/meme-coins\/memecoin-fight-daddy-surpasses-mother-despite-insider-trading-activity-allegations\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">ETH\u2019s price decline<\/span><\/a><span style=\"font-weight: 400\">.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The amount of ETH staked witnessed a mild increase of 0.26%, with a net increase of 19,392 ETH staked over the past week. Similarly, the quantity of (w)stETH in lending pools saw a moderate increase of 1.46%, reaching 2.66 million stETH, while the amount of w(stETH) in liquidity pools decreased by 3.13% to 89.3k stETH.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Moreover, the 7-day trading volume for (w)stETH stood at $1.03 billion, down by 19.7% compared to the previous week. Additionally, the total amount of wstETH bridged to Layer 2 solutions decreased by 2.86% to 136,893 wstETH.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Analyzing the <\/span><a href=\"https:\/\/x.com\/LidoFinance\/status\/64540972\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">bridging statistics<\/span><\/a><span style=\"font-weight: 400\">, the distribution of wstETH among various Layer 2 networks is as follows:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Arbitrum: 69,676 wstETH (-6.07%)<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Optimism: 28,906 wstETH (+0.44%)<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Base: 15,429 wstETH (-6.35%)<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Scroll: 10,329 wstETH (+9.48%)<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Polygon: 8,522 wstETH (+0.07%)<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">Linea: 2,928 wstETH (+20.59%)<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">zkSync: 1,093 wstETH (-0.49%)<\/span><\/li>\n<\/ul>\n<h2><span style=\"font-weight: 400\">LDO Price Targets Ranging From $6 To $17<\/span><\/h2>\n<p><span style=\"font-weight: 400\">Despite these metrics, crypto analyst Alex Clay remains optimistic about LDO&#8217;s future. Clay recently shared bullish predictions for LDO, envisioning significant breakouts if the bullish momentum resumes.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">In a recent <\/span><a href=\"https:\/\/x.com\/cryptclay\/status\/15889754\" target=\"_blank\" rel=\"noopener nofollow\"><span style=\"font-weight: 400\">post <\/span><\/a><span style=\"font-weight: 400\">on social media site X, Clay emphasized LDO&#8217;s 756 days of ascending accumulation, suggesting a potentially \u201cmassive breakout.\u201d The analyst further outlined exciting price targets for bullish investors, ranging from $6.3 to $17.2.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/dogecoin-under-pressure-and-going-to-zero-analyst-says-heres-why\/\" target=\"_blank\" rel=\"noopener \">Dogecoin Under Pressure And \u2018Going To Zero\u2019, Analyst Says \u2013 Here\u2019s Why<\/a><\/div>\n<p><span style=\"font-weight: 400\">LDO is trading at $1.88, representing a 3.5% decrease within the 24-hour timeframe and a decline of over 20% in the past two weeks. Notably, the token has witnessed a 74% decrease from its <\/span><a href=\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-overheated-right-now-metric-suggests-no\/\" target=\"_blank\" rel=\"noopener \"><span style=\"font-weight: 400\">all-time high<\/span><\/a><span style=\"font-weight: 400\"> of $7.30 in June 2021.<\/span><\/p>\n<figure style=\"width: 1815px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large\" src=\"https:\/\/www.tradingview.com\/x\/dakh4vXo\/\" alt=\"Lido\" width=\"1815\" height=\"858\"><figcaption class=\"wp-caption-text\">The 1-D chart shows LDO&#8217;s price drop below the $2 milestone. Source: <a href=\"https:\/\/www.tradingview.com\/chart\/7W2R5XTA\/\" target=\"_blank\" rel=\"noopener nofollow\">LDOUSD on TradingView.com<\/a><\/figcaption><\/figure>\n<p><span style=\"font-weight: 400\">It remains to be seen whether positive developments within the Lido protocol and increased staking activity can help mitigate the losses. Additionally, Ethereum&#8217;s potential price recovery may impact LDO&#8217;s trajectory, potentially leading to a new uptrend aimed at reclaiming previously lost levels.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Featured image from DALL-E, chart from TradingView.com <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 market&#8217;s downtrend and the lack of bullish momentum.\u00a0However, a notable breakout could be in the making for the protocol&#8217;s native token, LDO, despite negative financial metrics.\u00a0 Lido And Mellow Finance\u2019s Partnership Despite the challenging market conditions, Lido has made notable strides within its ecosystem. Collaborating with Mellow Finance as part of the Lido Alliance, the protocol has introduced advanced decentralized finance (DeFi) strategies for stETH holders.\u00a0 These strategies aim to leverage Mellow Finance&#8217;s permissionless Liquid Restaking Token (LRT) creation, enabling stETH holders to maximize asset utility through decentralized restaking and accumulating various rewards.\u00a0 Related Reading: Solana On-Chain Indicators Suggests A Return Of Bullish Sentiment, Is It Time To Buy SOL? The newly launched vaults also aim to secure and flexible means for engaging with Ethereum staking and DeFi, increasing the liquidity and utility of stETH.\u00a0 This partnership marks the initial phase of the Lido Alliance&#8217;s efforts to expand the Ethereum staking ecosystem through strategic collaborations with aligned projects.\u00a0However, key metrics indicate a decline in the price of LDO, potentially following the footsteps of Ethereum, which has also seen a drop to $3,480 from its March peak of $3,990.\u00a0 Negative Financial Metrics Lido&#8217;s Total Value Locked (TVL) experienced a 1.70% decrease, amounting to $35.39 billion, primarily influenced by ETH\u2019s price decline.\u00a0 The amount of ETH staked witnessed a mild increase of 0.26%, with a net increase of 19,392 ETH staked over the past week. Similarly, the quantity of (w)stETH in lending pools saw a moderate increase of 1.46%, reaching 2.66 million stETH, while the amount of w(stETH) in liquidity pools decreased by 3.13% to 89.3k stETH.\u00a0 Moreover, the 7-day trading volume for (w)stETH stood at $1.03 billion, down by 19.7% compared to the previous week. Additionally, the total amount of wstETH bridged to Layer 2 solutions decreased by 2.86% to 136,893 wstETH. Analyzing the bridging statistics, the distribution of wstETH among various Layer 2 networks is as follows: Arbitrum: 69,676 wstETH (-6.07%) Optimism: 28,906 wstETH (+0.44%) Base: 15,429 wstETH (-6.35%) Scroll: 10,329 wstETH (+9.48%) Polygon: 8,522 wstETH (+0.07%) Linea: 2,928 wstETH (+20.59%) zkSync: 1,093 wstETH (-0.49%) LDO Price Targets Ranging From $6 To $17 Despite these metrics, crypto analyst Alex Clay remains optimistic about LDO&#8217;s future. Clay recently shared bullish predictions for LDO, envisioning significant breakouts if the bullish momentum resumes.\u00a0 In a recent post on social media site X, Clay emphasized LDO&#8217;s 756 days of ascending accumulation, suggesting a potentially \u201cmassive breakout.\u201d The analyst further outlined exciting price targets for bullish investors, ranging from $6.3 to $17.2. Related Reading: Dogecoin Under Pressure And \u2018Going To Zero\u2019, Analyst Says \u2013 Here\u2019s Why LDO is trading at $1.88, representing a 3.5% decrease within the 24-hour timeframe and a decline of over 20% in the past two weeks. Notably, the token has witnessed a 74% decrease from its all-time high of $7.30 in June 2021. It remains to be seen whether positive developments within the Lido protocol and increased staking activity can help mitigate the losses. Additionally, Ethereum&#8217;s potential price recovery may impact LDO&#8217;s trajectory, potentially leading to a new uptrend aimed at reclaiming previously lost levels. Featured image from DALL-E, chart from TradingView.com<\/p>\n","protected":false},"author":589,"featured_media":624519,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[90074],"tags":[8323,1946,85694,86030,87604,90079,86727,87918,86387,86029,86386,90078,91060,88366],"class_list":["post-624518","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lido-dao","tag-eth","tag-ethereum","tag-ethereum-staking","tag-ldo","tag-ldo-analysis","tag-ldo-news","tag-ldo-price","tag-ldousd","tag-ldousdt","tag-lido","tag-lido-dao-ldo","tag-lido-dao-news","tag-lido-dao-rally","tag-lido-staking"],"acf":[],"yoast_head":"\n<title>Lido (LDO) Poised For Explosive Surge To $17, Expert Forecasts &#039;Massive Breakout&#039;<\/title>\n<meta name=\"description\" content=\"Lido has experienced price declines over the 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With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo's journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have granted him a unique perspective on the industry. One of Ronaldo's defining areas of expertise lies in technical analysis. He firmly believes that studying charts and deciphering price movements provides valuable insights into the market. 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