Lido DAO Price Prediction: Analyst Sees Another 87% Upside For LDO Even After 35% Surge In A Month, But Experts Say Consider This Meme Coin’s Second Coming For 100X Potential

DailyBlockchain.News AdminJanuary 6, 2024

3 minutes read

Lido Dao Price Prediction: Analyst Sees Another 87% Upside For

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The Lido DAO worth has jumped by 17% within the final seven days because the token traded at $3.2 as of 8:25 a.m. EST.

Ali, addressing his 39.5K X (Twitter) followers, states that Lido DAO may very well be shaping up an ascending triangle on its weekly chart.

He believes a break above the $3.30 stage might set off a bullish breakout, doubtlessly propelling $LDO towards a brand new all-time excessive of $6.

#LidoDAO is shaping up an ascending triangle on its weekly chart.

Hold an in depth eye on the $3.30 stage! A sustained weekly shut above this mark may very well be the set off for a bullish breakout, doubtlessly propelling $LDO towards a brand new all-time excessive of $6. pic.twitter.com/1JTkOnYbPt

— Ali (@ali_charts) January 3, 2024

Lido DAO Price Prediction

An evaluation of 2-hour LDO/USD charts exhibits that the Lido DAO worth may very well be gearing up for a bullish breakout. This is identified by the Relative Power Index indicator which is now headed north having crossed above 50, exhibiting mounting shopping for stress.

The MACD indicator can be reverting in the direction of the inexperienced zone, exhibiting constructing bull stress on the token.

The Lido DAO worth is transferring inside a spread, leaving open the prospects of a escape on both aspect. Ought to bulls break previous the $3.3 resistance stage, a bullish escape on the Lido DAO worth will likely be imminent.

The 50-period transferring common has additionally exceeded the 200-period transferring common, backing the bullish prospects for the token. Volatility ranges on LDO are excessive as seen from the Bollinger Bands, that are presently transferring far aside.

Nonetheless, these ranges are more likely to drop within the quick time period because of reducing buying and selling actions which have seen the token’s buying and selling quantity drop by 26% within the final 24 hours.

2-hour LDO/USD charts | Supply: TradingView

In the meantime, because the Lido DAO worth pumps, Sponge V2 is rising as one other nice funding choice for buyers looking down presales with explosive potential in 2024.

Lido DAO Price Prediction: Is SPONGEV2 a Good Decide?

Sponge V2, an enhanced iteration of Sponge V1, stands poised to take the market by storm once more, as its predecessor, Sponge V1, did final yr. V1 did a staggering 100x surge in 2023.

Noteworthy Endorsements

Justin Solar, the creator of Tron and an adviser to Huobi World, is a supporter of the upcoming Sponge V2. The pockets ‘Justin Sun 4,’ as observed on Etherscan, boasts a considerable holding of 108 million SPONGE V1, valued at a powerful $43,246.

Justin Solar holds this #memecoin :O I will not even say anymore… this might destroy #SNEK and #PEPE..! Who remembers #SPONGE?!! 🫢🔥$SPONGE V2 is making loud actions out there, even #Trons very personal Justin Solar is holding $50k value of SPONGE! 😮 💎💎

DYOR -… pic.twitter.com/ULzSDJdYnS

— Jacob Crypto Bury (@BuryCrypto) January 4, 2024

For buyers intrigued by the stake-to-bridge initiative related to Sponge V2, fast motion is really helpful. Partaking within the staking of Sponge V1 presents an easy course of, with a token worth of $0.000580. Provided that these tokens are completely accessible by way of Stake-To-Bridge, buying Sponge V2 necessitates the acquisition and staking of V1 tokens.

📣 We’re excited to announce that #Sponge is bridging from V1 to V2!

Stake your $SPONGE to earn #SpongeV2 tokens. 🧽💦

Purchase and stake now for a particular V2 token bonus! Don’t miss out 🔥#MemeCoin #Web3 #BullMarket pic.twitter.com/bYmkg1TNrU

— $SPONGE (@spongeoneth) December 18, 2023