A wave of partnerships, adoptions, and integration have driven LDO’s positive market sentiment.has witnessed massive gains, with a 5.64% surge in seven days. LDO was trading at $2.39 at press time, a 0.54% rise in 24 hrs.What’s driving LDO’s surge?
Equally, partnerships with crucial DeFi platforms supporting staked assets as collateral, such as Mellow Finance, have played a considerable role in Lido DAO’s market resilience.“@coinbaseibtEtch will add support for atlayer, Lido Dao, and Pendle perpetual futures on coinbase international exchange and coinbase advanced…. the markets will begin on 9.30 pm 27 June.”
AMBCypto analysis of Coinglass showed that Lido DAO’s trading volume in the last seven days has increased from a low of $108M to a high of $147M.Equally, LDO’s RSI of 57, an increase from 46 in the last seven days, showed sustained upward movements.