• Lido DAO price has been on an uptrend since the start of the New Year, rising 181% to the current level at $2.65.
• The team launched Lido V2 which allows anyone to become a Node Operator and withdraw Ether from Lido at a 1:1 ratio.
• Investors are optimistic that these latest developments will scale the price higher towards its projected trajectory of $0.35.
Lido DAO Price Rises 10% To $2.65
Lido DAO price has been steadily increasing since the start of 2021, with it now trading at $2.65 – this is a 9.97% increase on the day and a total rise of 181%. This surge in value has been attributed to recent news from the team, such as their launch of Lido V2.
Launch Of Lido V2
The launch of Lido V2 provides investors with confidence in pushing the token’s price higher due to its improved features such as increased decentralization and staking rewards for all participants, regardless if they are solo stakers or part of a larger organization such as a Decentralized Autonomous Organization (DAO). This upgrade also adds Withdrawals feature allowing stETH holders to withdraw Ether directly from the Beacon Chain at a 1:1 ratio.
Optimistic Price Projections For LD0
Given these new upgrades and features, investors have become more optimistic about where LD0 could be headed next – many believe that this could see prices scaling up towards its projected trajectory of $0.35 in the near future.
Risk Factors To Consider When Investing In LD0
As with any investment opportunity, there are risk factors that should be taken into consideration before investing in LD0 including liquidity risk, market volatility risk, regulatory risk and technology/security risks which can all impact whether or not an investment pays off over time or not. It is therefore important for individuals to ensure they understand these risks before investing any money into LD0 or any other crypto asset for that matter.
Conclusion
Overall, LD0 has had an impressive run during 2021 so far and looks set to continue this trend with further developments planned by the team – however potential investors should take into account all risks associated before committing any funds into this asset class.
