This year has been a tough sail for Lido DAO since May 2022, when the Terra/Luna implosion caused a cascade of bankruptcies, layoffs, and liquidations. Subsequently, the chain of unfortunate market and geopolitical events like the Russian invasion of Ukraine, U.S. inflation, and 3AC and Celsius insolvency, has also contributed to the downward pressure on the price of LDO.
With the recent massive downfall of the crypto market caused by FTX contagion, is it possible for Lido DAO to reclaim its all-time high in 2023? Continue with the article to learn about Lido DAO price analysis and prediction by Coinpaper.
Read also: Lido overtakes Curve in TVL
What is Lido DAO?
Lido is a liquid staking protocol for PoS networks that lets users stake any amount of tokens for daily staking rewards, all without locking assets or maintaining dedicated infrastructure. The solution offered by Lido eliminates many inconveniences associated with self-staking, as it doesn’t require expert knowledge and complex and costly equipment. Currently, the protocol supports staking for Ethereum, Polygon, Solana, Polkadot and Kusama. Lido has its native token LDO that can be used for participating in Lido DAO voting, granting governance rights in the Lido DAO and governing the addition and removal of Lido node operators.
Lido DAO (LDO) price
Currently, Lido DAO Price is USD. LDO has a circulating supply of coins and a total supply of . If you are looking to buy or sell Lido DAO, Binance is currently the most active exchange.
|Fully Diluted Valuation
Lido DAO price prediction 2023
The current market sentiment is full of fear, uncertainty, and doubt (commonly known by the acronym FUD), as fears of FTX contagion mount. At the moment, it’s difficult to assess exactly how much damage has FTX collapse has done to the crypto industry, since some affected crypto companies may be already secretly insolvent due to highly leveraged positions, as we have seen in the aftermath of Terra's implosion.
According to our estimates, it will take months for the full scale of FTX bankruptcy to become clear, so the turning point for the crypto market won’t come before late Q1 to early Q2 2023, although for now, it seems that the industry has absorbed most of the damage.
Another market factor that should be taken into consideration is how successful will be the U.S. Federal Reserve’s efforts to curb inflation. For now, there is reason to believe that Fed is making some progress in its attempts to cool the overheating economy — on November 30, Federal Reserve Chair Jerome Powell announced it’s time to slow the pace of coming rate hikes, which immediately triggered a positive reaction from both crypto and equity markets.
Given the above information, one can easily guess that there will be a considerable divergence between bullish and bearish Lido DAO 2023 price predictions due to multiple unknown factors. For this reason, we estimate that the bullish scenario will see Lido DAO price at $3.16 to $3.89. On the flip side, a fading interest in the new meme coin may push the price of Lido DAO to $1.15-$0.45 lows.
Lido DAO price prediction 2024
In 2024, the global macroeconomic backdrop is likely to be more favorable to the crypto market, adding value to Lido DAO (LDO) and other cryptos. However, the possibility of black swan events similar to the collapse of FTX cannot be completely ignored.
Keeping this in mind, we foresee the price of Lido DAO to climb as high as $4.17, with the more distant prospect of reaching $4.98 in 2024. The bearish scenario is likely to see Lido DAO (LDO) trading between $3.46 and $2.94 in 2024.
Lido DAO price prediction 2025
Since it’s practically impossible to foresee what market factors will influence cryptocurrency prices in 2025, this part of our Lido DAO (LDO) price analysis and prediction is based on pure speculation and observation of Lido DAO historical price movements.
Our Lido DAO 2025 price forecast expects LDO to rally towards $5.78 and reach $6.74 by the end of the year. The bearish scenario would see Lido DAO at $3.84 to $3.11.
Lido DAO (LDO) price prediction 2026
Looking ahead four years, to 2026, Coinpaper's price prediction for Lido DAO is neutral. In 2026, we expect Lido DAO to reach at least $7.25 before climbing higher to $8.34. In case of a bearish scenario, Lido DAO may fall to $5.93.
Is Lido DAO (LDO) a good investment?
Since LDO token has a solid utility case as a native token of the leading liquid staking protocol, it can be a good addition to the altcoin allocation in your portfolio. Moreover, the token has a potential to greatly appreciate in value after Shanghai upgrade will enable staked ETH withdrawals, which in theory would draw more people to staking on Lido. However, bear in mind that investing in cryptocurrencies carries a high degree of risk, so make sure to do your own research before investing in any token.
Are you ready to invest in Lido DAO? Very few if any analysts forecast its value going down to zero, although you can’t be sure these days, so make sure you always do your own research before making investment decisions. And keep in mind that cryptocurrency prices can be extremely volatile, so trading crypto always involves a high degree of risk.
You can buy LDO from many crypto exchanges, including Binance
Disclaimer: Coinpaper does not recommend that any cryptocurrency should be bought, sold, or held by you. Always conduct your own research and consult your financial advisor before investing in any digital asset.
Who created Lido DAO?
Lido DAO members include Semantic VC, ParaFi Capital, Libertus Capital, Bitscale Capital, StakeFish, StakingFacilities, Chorus, P2P Capital and KR1. Lido is also joined by a number of key angel investors, including Stani Kulechov of Aave, Banteg of Yearn, Will Harborne of Deversifi, Julien Bouteloup of Stake Capital and Kain Warwick of Synthetix.
What was the all-time high for Lido DAO (LDO) ?
The all-time high price of Lido DAO is $ on 2021-08-20