{"id":35622,"date":"2024-01-06T12:24:21","date_gmt":"2024-01-06T12:24:21","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2024\/01\/06\/lido-dao-ldo-price-hits-new-highs-in-extended-rally\/"},"modified":"2024-01-06T12:24:21","modified_gmt":"2024-01-06T12:24:21","slug":"lido-dao-ldo-price-hits-new-highs-in-extended-rally","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2024\/01\/06\/lido-dao-ldo-price-hits-new-highs-in-extended-rally\/","title":{"rendered":"Lido DAO (LDO) Price Hits New highs In Extended Rally"},"content":{"rendered":"

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The crypto market is bleeding as the highest digital currencies, together with Bitcoin (BTC)<\/a> and Ethereum (ETH) are buying and selling within the purple as we speak. However, Lido DAO (LDO), a DeFi token, grabbed the highlight with its distinctive value surge. The crypto gained over 15% within the buying and selling session on Saturday, January 6, 2024, and attained a brand new 52-week excessive of $3.61.<\/p>\n

Whale Swaps RNDR For LDO<\/h2>\n

According to a put up by Spot On Chain on X, a whale dealer, recognized as 0xfc9, executed a considerable portfolio shift on Coinbase within the early hours of Saturday. The dealer swapped Render (RNDR) for Lido DAO (LDO).<\/p>\n

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The whale first deposited 750,000 RNDR valued at round $3.01 million on the time and withdrew 450,000 LDO tokens price roughly $1.5 million. These transactions happened amid appreciable market volatility.<\/p>\n

Thereafter, the RNDR value skilled an 11% decline during the last 24 hours. Whilst, the LDO value surged by 13% throughout the identical interval. The dealer traded seven different tokens, together with Fetch.ai (FET) and Aave (AAVE), and locked in complete income of $8.95 million.<\/p>\n

Also Read: Crypto Prices Today: Bitcoin Price Nears $44K, Lido DAO (LDO) Up 14%, While Pepe Coin Slips<\/a><\/strong><\/p>\n

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Lido DAO Price Today<\/h2>\n

The Lido DAO price<\/a> surge slowed down after hitting the 52-week excessive of $3.61. At the time of writing, the LDO value was up by 6.28% and the crypto traded at $3.24. This suggests a drop of over 10% from its current excessive.<\/p>\n

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The digital asset boasted a market cap of $ 2.88 billion, up by 6.18% at press time. Moreover, the LDO value rally was supported by a robust rise in demand. Its 24-hour commerce quantity spiked by 37.76% to $280.28 million.<\/p>\n

Furthermore, LDO has clocked in spectacular 1-month returns that quantity to over 38%. Additionally, previously 12 months, it has soared over 153% in worth. However, regardless of the current bullish final result, the crypto continues to be buying and selling 70.77% low from its all-time excessive of $11.<\/p>\n

According to TradingView<\/a> analytics, the LDO value is buying and selling pretty above its 10-day and 50-day EMA of three.012 and a pair of.504, respectively. It represents a bullish sentiment, supporting the continuing rally. Whilst, the RSI worth stands impartial at 63.<\/p>\n

Also Read: Bitcoin ETF: Crypto Community Fires Back As Better Markets Opposes Approval<\/a><\/strong><\/p>\n

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