Lido on Solana Seeks $1.5M to Avoid Discontinuation!
The post Lido on Solana Seeks $1.5M to Avoid Discontinuation! appeared first on Coinpedia Fintech News
The Lido on Solana project team has expressed their need for financial sponsorship from the Lido DAO community. The team has submitted a proposal seeking $1.5 million in funding, without which they may have to discontinue support for Lido on Solana gradually. Lido on Solana is an initiative to bring staking services to the Solana network, and has been gaining traction in the crypto community. However, financial support is necessary for the continued success of the project. The Lido DAO community will have to decide whether to provide the funding or risk losing access to Lido on Solana.
Hedera and Lido Dao Coin Prices Slide, Tradecurve Coin Shows Bullish Performance
The crypto trading space has brought numerous innovations, where new platforms are emerging and battling towards market dominance. One such project is Tradecurve, which showcases bullish performance, while older projects like Hedera and Lido Dao have begun to dip. Join us as we uncover each project’s performance.
Hedera and Lido Dao Prices Slide
On July 7, 2023, Hedera published the weekly report on how RAK Digital Assets Oasis established a partnership with the HBAR Foundation. It’s clear that the Hedera ecosystem is thriving. However, the same cannot be said about its value. As of July 8, 2023, Hedera traded at $0.04698545.
During the past week, Hedera saw its low point at $0.04597936, with its high point of value at $0.051269. During the past two weeks, the overall price decrease of Hedera was by 9.8%, and in the last week, it dipped by 7.1%. This worrying red-zone dip has inspired investors to diversify away from Hedera.
Lido Dao Stays Stable Despite Ecosystem News
Lido Dao shared how Lido saw experienced a 7.77% increase in staked ETH with over 6,600 new stakers. They also claimed a successful transition of LP incentives from LDO to stETH as of July 7, 2023.
Despite this, the value of the Lido Dao cryptocurrency has declined. As of July 8, Lido Dao trades at $1.95. In the past week, Lido Dao saw its low point at $1.89, with its high point at $2.23.
Moreover, within the last 30 days, Lido Dao saw a price decrease of 11.8%; in the last seven days, it saw a decrease of 7.6%.
Tradecurve (TCRV): A Hybrid Exchange That Can Become a Dominant Force in DeFi
The Tradecurve platform can pull ahead of its competition, as it integrates CFDs, ETFs, crypto, indices, forex, commodities, options, and bonds and makes all of them accessible from a single account without any KYC procedures.
This makes it the first platform that combines all of these markets while also offering a wide range of benefits, such as copy trading, negative balance protection, and a VIP account system.
Tradecurve Dominates LidoDAO and Hedera
While Tradecurve is a new entrant in the crypto scene, it has shown impressive returns. The TCRV token has surged by 80%, easily surpassing LidoDAO and Hedera.
This growth can be attributed to its vast feature set, where users can access high leverage starting at 500:1, and AI algorithmic trading for enhanced trading experiences. By combining the best elements of CEXs and DEXs, users can get access to high liquidity and self-custody whilst also being able to trade in various markets.
During Stage 4 of the presale period, TCRV trades at just $0.018. Traders have begun joining the future of DeFi and getting into the platform, as 14,500 have already signed up.
The project has gained significant attention and is expected to surge by 100X when it launches. TCRV is still available at a great price, and those seeking high ROI will want to buy it before it explodes.
For more information about the TCRV presale:
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Can It Surpass The 2024 Price Predictions of XRP And Lido DAO?
The cryptocurrency market has witnessed numerous presale events that have captivated investors with their potential for exponential growth. In recent times, Uwerx has added itself to that list, riding the wave of success alongside XRP (XRP) and Lido DAO (LDO).
The presale for Uwerx is nothing short of a success, generating excitement and anticipation within the crypto community. This article dives into the reasons behind the remarkable surge of Uwerx.
Uwerx (WERX) Open the Doors to Decentralized Freelancing
Uwerx will be a decentralized freelance project that aims to transform the gig industry through blockchain technology. It will provide a fair and transparent freelance market that connects independent contractors to an extensive network of clients searching for capable professionals. Thanks to the project’s Alpha version, users will be granted a preview of the transformative potential that Uwerx holds for its community.
The platform’s landing page and sign-up/sign-in pages are scheduled to be released first on the 19th of May, 2023. The Beta version and other additional features will be released weekly or bi-weekly, allowing for a steady and captivating progression. While this exercise is ongoing, the platform will be open to comments and reviews from all its users.
In a short while, the project has attracted 5000 sign-ups through its successful presale. These numbers are a strong indicator of the project’s overwhelming potential.
Uwerx has made its community user-centric by conducting polls. The first poll asked the community to vote on a test airdrop. An astonishing 98.2% of the community voted in favour of a test airdrop. The team was thrilled by the overwhelming feedback and response received, and to ensure a seamless user experience, they will utilize the airdrop to verify the accuracy of users’ wallet addresses.
During the second poll, the community was asked if they wanted the team to lock their tokens now or after the presale, to which 82.8% voted in favour of locking the tokens now. To avoid any rug pulls in the future, the developers decided to enter a 25-year liquidity lock with their 7% token allocation. The team will announce a lock date very soon.
Uwerx has already gotten audit permissions from SolidProof and InterFi in its journey toward safety, security, and transparency project. Uwerx has launched the Uwerx Vault, where users can store their tokens for a preferred duration. It works like staking and will be rewarding investors who use it.
You can purchase a Uwerx token for as low as $0.0225 and enjoy a 20% purchase bonus. However, we strongly recommend acting swiftly, as prices are poised to rise, and bonuses will reduce soon. Analysts say Uwerx might hit $1.27 by Q4 2023 and $2.002 by Q2 2024.
Lido DAO (LDO) Increases in Profit
Lido DAO (LDO) is a decentralized project that assists Proof-of-Stake cryptocurrencies with liquid staking protocols. It distributes governing right through its native token, LDO, to its users. The users can then vote on the network according to their stakes.
Lido DAO (LDO) has been on an upward trajectory. The token increased by 1.87% in the last 24 hours. It also saw a 17.60% increase over the past week. Currently priced at $2.23, Lido DAO (LDO) boasts a substantial market cap of $1.9 billion. This is evidence of its growing prominence in the crypto market.
Lido DAO (LDO) is performing outstandingly in the global cryptocurrency market and might see a further increase in the coming days.
Lido DAO (LDO) has a flexible voting mechanism. Its voting mechanism can be upgraded and adjusted while maintaining its independence from other protocols on the blockchain.
XRP (XRP) Still Has Some Bullish Steam
XRP’s (XRP) current trading price is $0.44. It increased by 5.54% in the past 24 hours. Over the seven days, XRP (XRP) has witnessed a commendable increase of 4.60%, propelling its market cap to an impressive $23 billion.
The project enjoys substantial support from the community, with over 83% expressing bullish sentiments, envisioning XRP’s price to reach $0.49 in the coming week. XRP (XRP) aims to revolutionize global payments, enabling faster and more cost-effective transactions worldwide.
The project’s ledger can confirm transactions in under five seconds. XRP tokens can be obtained on centralized and decentralized exchanges. A key feature of XRP (XRP) is its quick remittance and low transaction fees. It can confirm transactions in under five seconds.
While XRP (XRP) and Lido DAO (LDO) enjoy popularity, analysts also identify opportunities in projects like Uwerx. Uwerx aims to create a platform that serves clients and enriches freelancers and investors. Become a part of this project today and enjoy the 20% bonus while the offer lasts.
Key segments of the Alpha Version are already live, with the highly anticipated Beta version soon to be rolled out. This is an invitation to witness firsthand the transformative potential of Uwerx, and not just witness, but partake in it.
However, this window of opportunity won’t stay open forever. The value of WERX is forecasted to surge from $0.0315 to $0.041 on Friday, 2nd June at 15:00 UTC. This imminent price adjustment is a clear signal of the company’s upward trajectory.
Additionally, the current 20% bonus on orders is set to be trimmed down to 15%. This implies that the earlier you get on board, the higher your potential returns. By investing now at $0.0315, you’ll lock in a generous 20% purchase bonus.
The future waits for no one, and neither does Uwerx. Dive deeper into this dynamic opportunity – click the links below to explore more and align your financial future with the rising star that is Uwerx. Your journey to potentially massive growth starts today.
Predicted Top Altcoins For 2023 Include Uwerx (WERX), Quant (QNT), and Lido DAO (LDO)
Though the cryptocurrency market has been very bearish for most of 2022, cryptocurrency adoption continues. This tells investors that older coins are improving their fundamentals to meet the ever-changing demands of the current market.
Therefore, investors must search for fundamentally good coins with solid utilities as the year ends. In light of this, analysts predict Uwerx, Quant (QNT), and Lido DAO (LDO) as top altcoins for 2023.
Quant (QNT) Investors Expect A Bullish Trend In The Coming Weeks
Quant (QNT) currently has a market cap of $1.80 billion and has outperformed many popular altcoins in the crypto market. A look at the previous 30 days shows that Quant (QNT) had a 13.1% price increase. At press time, Quant (QNT) has a market price of $124.08 after a 1.2% price decrease over the past day.
Before the market downturn due to the FTX exchange implosion, Quant (QNT) was comfortably trading above the $160 price level. However, when the FTX implosion occurred, the value of Quant (QNT) nose-dived to about $95.28 on November 14. But, over time, Quant (QNT) bounced back to above the $100 price level to its current price.
The chart shows that Quant (QNT) price action is forming an ascending triangle pattern. This is a bullish indication, and investors expect Quant (QNT) to have a good bull run in the coming weeks.
Lido DAO (LDO) Is Experiencing A Downtrend Post-FTX Collapse
The Lido DAO (LDO) token had a drop in its popularity in November during and after the FTX exchange collapsed. This resulted in Lido DAO (LDO) facing less demand and, therefore, more downside. Lido DAO (LDO) also had a reduced number of active addresses holding its crypto from the second week of November to the month’s end.
Lido DAO (LDO) currently still has a low number of active addresses, but there was a little uptick in the number of addresses held by the top addresses. Apart from this upside, data from Lido DAO (LDO) staking showed that the token had increased staking deposits starting from November’s end. Analysts believe this could mean more demand for the Lido DAO (LDO) token.
This cryptocurrency has experienced a decline since mid-August and hasn’t recovered from its bearish performance in November. Currently, Lido DAO (LDO) is worth $1.05, and market experts predict that with the increase in demand for Lido DAO (LDO) staking, the price might experience a bull run in the coming months.
Uwerx (WERX) Token To Rank Among The Top Cryptocurrencies Of 2023
Uwerx will be a freelance platform built on the Polygon blockchain network, offering a decentralized and transparent environment for freelancers and clients. With the gig economy and freelance industry showing resilience and growth, Uwerx presents itself as a lucrative investment opportunity in 2023.
Compared to its competitors, Uwerx charges lower fees, specifically 1% instead of 20%. The platform also provides the best possible security and transparency for all data stored on the network. InterFi Network and Solidproof have granted audit approval to the Uwerx platform, ensuring trustworthiness and reliability.
The current price of WERX is a modest $0.0315, but come Friday, 2nd June at 15:00 UTC, expect a surge to $0.041. Alongside this, the added bonus on orders will adjust down from an advantageous 20% to a still generous 15%. Acquiring WERX at its current rate will not only provide a lucrative asset, but also a compelling 20% purchase bonus. Now is the time to act – familiarize yourself with Uwerx and seize this unique investment opportunity today via the links below.
Sparklo (SPRK) Breezes Past TRON (TRX) and Lido DAO (LDO) in Terms of Growth Potential
Blockchain is where ideas come to life, regardless of how bizarre they might sound at the time. It is a healthy environment where novel and futuristic ideas can be birthed.
Sparklo is the next big idea with the potential to surpass TRON (TRX) and Lido DAO (LDO). Curious? Continue reading to find out.
Sparklo (SPRK) is the next big idea to be massively adopted in the crypto space
Sparklo, a project with strong and unique fundamentals, is introducing the next big idea on the blockchain. As an investment platform, Sparklo aims to enable fractional investment in gold, silver and platinum. By representing real-world assets as NFTs, investors can have fractional or complete ownership. By purchasing the entire NFT and not fractions, you will receive complete ownership of the asset, which will be shipped to you.
Sparklo’s utility token, $SPRK, is currently in its presale level and costs just $0.026. At its cheap presale price, investors can be confident of significant profits as they accumulate more tokens. Crypto experts have Sparklo’s growth for this year at 2,500%, which is immense. You should sign up for the presale by following the link below.
Sparklo is a profitable and equally safe venture. With its total liquidity lock for 100 years and the team’s token lock for 1,000 days, there will be no instance of rug pulling. In addition, to guarantee transparency, the KYC audit has been completed and the smart contract has been audited by InterFi Network.
TRON’s (TRX) strategic partnership will provide data-driven insights on user activity
A strategic partnership between TRON (TRX) and Nansen, a trusted blockchain data provider, was recently formed. In a tweet released on Nansen’s Twitter page on May 23, the partnership was announced and it is bound to be beneficial. Through this partnership, in-depth insights about TRON (TRX) user activity will be available via Nansen’s tools.
TRON (TRX) trades at $0.077 at the time of writing. In the past 24 hours, TRON (TRX) has experienced a 1.6% decrease in price. However, it is on a weekly rise, up by 9.9% in the past 7 days. With a price correction possible this week, Tron (TRX) seems like a non-viable investment, especially when compared to Sparklo.
Bearish attack on Lido DAO (LDO) continues
Lido DAO (LDO) recently recorded a new ETH withdrawal processing milestone. In a recent development, Lido DAO (LDO) processed 98% of withdrawal requests in a week, as of May 23. This incredible feat was achieved thanks to Lido DAO’s (LDO) protocol buffer, which enables faster staking withdrawals on the network.
Lido DAO (LDO), in the past 24 hours, has been beset by bearish attacks, falling by 4.9% to trade at $1.98 at the time of writing. The bearish trend continues on its 7-day price chart, recording a 10.8% decrease as of press time. With Lido DAO’s (LDO) bearish trend speculated to continue, an alternative investment in Sparklo might just be the better investment.
Find out more about the presale:
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Lido DAO Cools Down,Traders Look at Uwerx
One of the most profitable schemes in the crypto industry is to join a promising token sale early on, enabling maximum profit potential. In 2023, one such presale by Uwerx seems to be doing just that. Leveraging blockchain, user-centric features, and tapping into one of the biggest global markets (freelancing), Uwerx has all the ingredients to break out big, beating major tokens like Lido DAO (LDO)
Lido DAO (LDO) Seems to be Cooling Down
While Lido DAO (LDO) has been famous for pooling tokens like Ethereum to allow circumventing the 32 ETH stake limit, recently, it has not had much of a positive performance.
Lido DAO (LDO) was $0.95 at the start of 2023 and is above $2 today, showing a good 93% profit. But for latecomers this year who bought it as high as $2.5, they have been at a 27% loss for the past month or so, which obviously has investors nervous.
For people hoping to hold on to it for long-term profits, the picture is not so rosy. Crypto experts have a price prediction of a maximum of $2.69 this year. This might be still good enough for some, but for late entrants, they may never recover their investment in Lido DAO (LDO) if the price prediction is true.
Uwerx (WERX) Will Explode
Uwerx has been in the highlights in recent months. The project is still under development but its craze has reached crypto traders who are rushing after its presale. The project is tapping into the freelancing industry, an economy that is expected to touch $445 billion this year as per Velocity Global.
But if you are thinking it is another freelancing marketplace like Fiverr or Upwork, you are wrong. Uwerx relies heavily on the efficiency and security of blockchain technology to offer a completely different experience.
Just take into account their 1% fee. That’s factors lower than Fiverr (20%) and Upwork (10%)!
But that is just the tip of the iceberg. Integrated tools like task managers Trello, Asana, and others will help freelancers boost productivity. Its native WERX token will help users control the platform (developers have renounced any control in the future when taxes are removed). The platform has also been audited by InterFi Network and SolidProof so there is no chance of a rug pull.
Major updates include Uwerx Vault, a place to store your tokens for as long as you want and a revised tokenomics to factor in the high demand during the presale.
Uwerx (WERX) Price Prediction
The different aspects of Uwerx have the crypto world attracted to it, especially with its presale in progress.
Even with the increased value, crypto traders show interest as they have very positive price predictions for the token, with some values touching $1. That is more than an 82x increase!
Though Lido DAO (LDO) has much potential, recent statistics and price predictions show that traders are preferring Uwerx. With the Alpha Version ready to roll out, the verdict is clear: Uwerx presale right now is the hottest in the industry.
You can join the presale and gain a 20% bonus before the price jumps from $0.0225 by following the links below:
Presale: invest.uwerx.network
Telegram: https://t.me/uwerx_network
Twitter: https://twitter.com/uwerx_network
Website: https://www.uwerx.network
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Lido DAO Price Jumps Over 50% in a Week, Outperforms BTC & ETH Price- Here’s Why
Lido DAO, the Ethereum-dependent Liquid Staking Derivatives (LSD) platform, is spearheading the altcoin surge today with a significant increase. As the indigenous token of the platform, it has demonstrated considerable value to Ethereum stakers even before the Shapella Upgrade, leading to its recent notable price performance. Additionally, the recent network upgrade has sparked bullish sentiment among long-term investors.
LDO Price Witnesses Massive Inflow
The recent surge is driven by the positive momentum in the Lido ecosystem, triggered by the roll-out of Lido V2. This significant upgrade, which has been under development for an extended period, introduced two key features – withdrawals and a staking router – upon its activation.
The recovery in LDO’s price is concurrent with the recent net positive influx into Ethereum’s proof-of-stake (PoS) contract. For example, the net amount of ETH staked in its PoS contract stood at 19.27 million ETH on April 11, just a day before the Shapella upgrade.
This figure dipped to 90,704 a week later, before steadily rebounding, based on data from Nansen. As of May 16, the Ethereum PoS contract held over 20 million ETH, highlighting the rising demand for liquid staking service providers such as Lido DAO. This likely boosted the price of its governance token, LDO, fitting well into the narrative.
The upswing in LDO’s value was also backed by large-scale Lido DAO holders in the days preceding the Lido V2 launch, as per data from Lookonchain. This could imply that the “buy the rumor” strategy potentially played a role in the price surge of LDO.
What’s Next For Lido DAO Price?
The present price behavior of the LDO token reflects significant enthusiasm among Lido DAO ecosystem investors, triggered by this recent upgrade. Data indicates that large-scale holders, or ‘whales’, commenced a notable accumulation phase approximately a week prior.
Analyzing from a technical perspective, LDO’s 50% resurgence originated around the lower trendline of an existing falling wedge pattern. Traditional market analysts typically view a falling wedge as a bullish reversal signal.
As of writing, LDO price trades at $2.24, surging over 3% in the last 24 hours. Historically, the LDO/USD pair has seen similar recoveries, with each bounce back pushing the price towards the upper trendline of the wedge. Now, as the price hovers around this upper trendline again, LDO could either break out or retreat to retest the lower trendline.
If LDO breaks out, the price could surge towards $3.3 in the next few weeks, marking approximately a 50% increase from the current levels. Alternatively, if a pullback occurs, the price could drop to around $1.5, a decline of about 30% from today’s price. This level has previously acted as both a support and resistance point.
Celsius Transfers $781M st.eth During Lido Withdrawals Opening
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Crypto lender Celsius reportedly transferred 428,015 st.ETH(staked Ether) to Lido’s Ethereum wallet after enabling withdrawals, with the possibility of $781 million being transferred for withdrawal. On-Chain data shows that Celsius tested a withdrawal of 0.1 st.ETH. Bitcoin Pioneer ‘Simon Dixon’ has suggested Celsius may stake without Lido and use it for loan collateral.
Ethereum (ETH) Faces $500M Sell Pressure as Lido Unlocks More Coins Through Upcoming V2 Upgrade
The Ethereum (ETH) market is on the cusp of significant correction after the new year crypto relief rally seems to be fading away. While the Ethereum prices have maintained a rising trend through higher highs and higher lows, the bulls have struggled to reclaim post-Shanghai tops of about $2,122. The king of smart contracts and the second largest digital asset by market capitalization is, therefore, likely to consolidate horizontally in the coming days before the tug-of-war between the bulls and the bears is decided.
Lido (LDO) Unlocks 270k Ethereum Units
Lido Finance, one of the largest ETH liquid staking programs, announced that the final on-chain vote for the V2 upgrade is scheduled for Friday, May 12th.
“If no last-minute findings are surfaced and the vote is successful, Lido V2 will be live after the vote enactment on May 15th,” Lido noted.
With the V2 upgrade expected to pave the way for new Ethereum staking modules, the company opted that about 270k Ethers with approximately $500 million at current prices will be made available.
Unlocking such a huge amount of Ether at once is likely to induce sell market pressure in the short term.
ETH Price Action
The Ethereum price is sitting at a crucial support level, which suggests the buyers could be outpacing the short sellers. Notably, Ethereum price has formed a possible triple bottom on the four-hour timeframe, with a linear bullish divergence on the RSI.
However, a capitulation could occur if the Ethereum bulls struggle to hold the current support and it gets converted to a resistant zone. In that case, the next temporary solace that Ethereum can find is around $1,700 before the bulls regain control.
Lido Finance Faces Regulatory Uncertainty: Should Investors Be Concerned?
Lido Finance, the largest liquidity staking protocol, has been facing regulatory uncertainty in the United States. Despite making a tremendous market entry in the past few years with over $9.8 billion in total value locked (TVL), Lido Finance has diversified in several chains, including Ethereum, Solana, Moonbeam, Moonriver, and Terra Classic. However, the strength of Lido Finance was significantly reduced following the collapse of Terra Luna UST last year.
Kraken’s SEC Settlement Raises Concerns for Lido Investors
Lido investors are worried that the United States Securities and Exchange Commission (SEC) will take action against the liquid staking protocol in a similar manner as it did with Kraken earlier this year. Kraken settled with the SEC for a $30 million fine for issuing unregistered securities through its staking program.
According to the United States SEC Chair Gary Gensler, all digital assets are unregistered securities apart from Bitcoin. However, the United States only accounts for 25 percent of the global market activity, leaving Lido and other staking programs to venture into 75 percent of the worldwide markets.
On-Chain Analysis Shows Spike in Trading Volume
According to the latest crypto price oracles, LDO is currently trading at around $2.63, up approximately 3 percent in the past 24 hours. With a market capitalization of approximately $2.25 billion, Lido has seen its 24-hour trading volume spike nearly 15 percent to about $278 million. The spike in volume is possibly due to increased whale on-chain activity.
According to the on-chain analysis provided by Lookonchain, Terraform Labs has sold $20 million worth of LDO in the past 24 hours.
Interestingly, top investors in the LDO seed vesting have been identified as liquidating their entire unlocked assets.
Lido Staking Protocol Sees Spike in Fees and Revenue
Despite the uncertainty, the Lido staking protocol has seen its fees and revenue spike in the past few days, perhaps indicating better yields ahead.
Lido Dao Stabilizes Amidst Volatility, Binance Avoids US scrutiny, while TMS Network Culminates Presale stage 1 early
The year 2023 presents several promising prospects for investors to regain their financial losses. Among the noteworthy ventures garnering attention is TMS Network (TMSN). This project has recently commenced its presale, and has witnessed an unprecedented surge in demand. TMS Network (TMSN) prides itself as having the most cutting-edge decentralized trading hub that serves multiple purposes. However, the question remains if it can hold its ground against established coins such as Lido DAO (LDO) and Binance (BNB). Keep reading to discover more.
Lido Dao (LDO) Stabilizes Amid Volatility
Lido DAO (LDO) is a decentralized platform that offers a secure and reliable solution for staking Ethereum.
Lido DAO (LDO) is a widely recognized liquid staking solution designed to improve the Ethereum blockchain. Lido DAO (LDO) offers users the ability to stake their ETH without any minimum deposits, and without the need to manage infrastructure.
Lido DAO’s native token, LDO, has demonstrated consistent growth since the beginning of 2023.
With the expanding significance of staking in the Ethereum network, and the increasing popularity of decentralized finance (DeFi), Lido DAO (LDO) is well-positioned for continued success, particularly with the upcoming Shanghai upgrade.
Lido DAO’s (LDO) current price is marked at $2.74, and is expected to improve further.
Binance (BNB) Avoids U.S. Scrutiny for Regulated Crypto Exchange
Binance (BNB), a prominent global cryptocurrency exchange, has taken measures to mitigate the risk of facing legal action from US authorities by establishing a US-based entity in 2019, according to the Wall Street Journal.
Since 2020, Binance (BNB) has been under investigation by the Department of Justice and Securities and Exchange Commission regarding its relationship with Binance.US.
According to sources familiar with the matter, subpoenas have been issued in this regard. If the US regulators find that Binance (BNB) has control over its US entity, they may claim the authority to monitor its entire business.
In response to the issue, a Binance (BNB) spokesperson stated in an email to Reuters that they have acknowledged the lack of adequate compliance and controls during the early years. However, they emphasized that the company has undergone significant changes in terms of compliance.
The increasing scrutiny on Binance (BNB) is evident from the recent request by three US senators demanding regulatory compliance and financial information from Binance (BNB) and Binance.US.
As per Reuters, Binance.US was created as an indirect subsidiary to shift the attention of US regulators away from Binance.com.
TMS Network (TMSN) Begins Presale
In the highly competitive world of cryptocurrency, establishing a strong reputation can prove to be a formidable challenge. Nevertheless, TMS Network (TMSN), a decentralized exchange, has succeeded in capturing the attention of investors through its impressive trading solutions. With $2.5 million raised in both public and private funding, TMS Network (TMSN) demonstrates remarkable potential.
The appeal of TMS Network (TMSN) lies in its decentralized structure, which is built on the Ethereum blockchain. This provides users with exceptional security, transparency, and immutability.
Additionally, TMS Network (TMSN) offers competitive trading fees and revenue-sharing rewards that empower traders to maximize their profitability. These features have generated considerable excitement among investors, and makes TMS Network (TMSN) a worthy choice to invest in.
So, here’s the scoop: Lido DAO (LDO), Binance (BNB), and TMS Network (TMSN) are all crypto coins that are turning heads in the blockchain world. Thus, there’s a good chance their value could skyrocket in 2023 and keep climbing after that.
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Is DeFi in Trouble? Largest Crypto Staker Lido Sounds Alarm After SEC’s Kraken Crackdown
Lido Finance, one of the largest liquid staking programs with over 5 million staked Ethers, has issued uncertainty concerns on the status of Decentralized Financial ecosystems (DeFi) following last week’s $30 million settlement of Kraken exchange with the U.S SEC.
SEC chair Garry Gensler argued that crypto companies offering staking programs have to register for a securities sale clearance. While advocating for more disclosure from crypto staking programs, Gensler is likely to be coming for more companies including Coinbase Global Inc., and Lido Finance.
Lido DAO (LDO) Market Outlook
The Ethereum (ETH) ecosystem is yet to allow withdrawals of staked ethers until the Shanghai upgrade. Meanwhile, Lido Finance continues to offer Ethereum stakers with alternative tokens dubbed Lido Staked Ether (stETH) pegged 1:1 to the ethers. While the company is facing policy uncertainty with other DeFi projects, its future growth prospects are capped. Moreover, Eth stakers will not need to use liquidity staking programs after the Shanghai upgrade.
Nonetheless, the next move from the SEC on staking programs will significantly alter the future outlook for most DeFi protocols.
“I have been getting a lot more questions about ‘does this impact Lido, what are your thoughts on this?” said Jacob Blish, head of business development at the decentralized autonomous organization, or DAO, that manages Lido Finance. “I personally think this is a net benefit for on-chain permissionless liquid staking or staking providers, but it really depends on what the final resolution is.”
If the US regulators eventually conclude that no US individual can interact with any staking services at all, then “we have a different problem,” Blish added. Moreover, the United States controls 25 percent of the global market activity.
Lido DAO (LDO) Price to Face a 41% Decline If Breaches This Level
The price of Lido DAO (LDO) has fluctuated wildly over the past few days amid speculations that the US Securities and Exchange Commission may ban US cryptocurrency firms from offering staking services.
After witnessing a massive spike over the last four days, Lido Dao token is currently trading in the red at $2.57. Over the past 24 hours, the token has decreased by 7.53%. The utility and governance token for the Lido Decentralized Autonomous Organization (DAO), which governs the Lido Ethereum liquid staking protocol, has gained more than 35% in value over the past 30 days and 27% over the previous week.
Over the last few days, the Lido DAO token strengthened, reaching an intraday high of $2.82, despite the momentary and brief decrease. This was due to continued developments in the Lido network.
However, the Lido DAO price has to record a close above the $3 psychological threshold in order to confirm an uptrend. It should be recalled that in August, the price was rejected from this level and then fell 41% to $1.74.
Why was Lido DAO’s price increasing?
The Ethereum network’s Shanghai upgrade, which will enable staked Ether to be withdrawn from liquid staking protocols like Lido, increased interest in Lido DAO this week. The liquid staking protocol Lido is also planning to introduce staking reward withdrawals and better staking infrastructure with the release of the Lido v2 version. This was considered to be another crucial factor that affected Lido DAO coin pricing.
Jump Trading Transfers Lido: LDO Price Dips As Sell Pressure Increases
After holding Lido DAO (LDO) tokens for nearly six months without selling, investment company Jump Trading has engaged in a series of LDO token transfers to the Binance cryptocurrency exchange. The Jump Trading LDO transfers have coincided with price dips due to an increase in sell pressure.
The ERC 20 token which grants holders governance rights in the Lido DAO, has attracted crypto investors’ attention as Ethereum staking grows exponentially. Already, 5,017,116.132 ETH has been staked via Lido infrastructure by 157,104 users. As such, the LDO token has attracted over 27,763 since its market launch.
Nonetheless, the Jump Trading subsequent sales could trigger fear on the LDO holders and lead to a significant price crash. Moreover, LDO holders could interpret the subsequent sales as a long term holder taking profits after a relief crypto rally.
According to aggregate market data provided by Coinglass, approximately $548k has been liquidated from the LDO market in the past 24 hours.
Lido DAO (LDO) Price Outlook
As a fresher altcoin with immense potential backed by real world utility, LDO token is significantly affected by whale trading. Following the recent Jump Trading sales, short term LDO traders will be keen on future sales to identify price action.
The LDO token has received massive support from both CEX and DEXes in terms of listing. Today, centralized crypto exchange Bitpanda announced the listing of Lido DAO (LDO) tokens.
However, with the upcoming Ethereum Shanghai upgrade, which will oversee the withdrawal of staked Ethers, the overall demand for LDO is expected to decline. As such, more LDO whales are expected to offload the token in the coming weeks which could induce further decline.
Why Whales Acquired $5 Million in Lido Finance (LDO)?
When looking at its seven-day and fourteen-day chart, Lido Finance (LDO) has been seeing an astounding rise in recent price and trading activity despite the challenging market conditions.
At the time of this writing, one token is worth $1.38, representing an increase of 45.7% over the course of the previous week and of 47.9% over the course of the previous fourteen days, and an $83.6 million 24 trading volume.
Whales Pile Up On LDO
The most recent increase in price for Lido Finance on the market seems to have been followed by a significant increase in the amount of purchasing power coming from a variety of accounts on the network.
According to the data obtained from the blockchain that was made available by LookOnChain, investors were given about 5 million dollars’ worth of tokens. It is not quite obvious what motivated the most recent surge at this time.
The data further shows that out of the 3.5 million tokens that were distributed, approximately half a million were afterward sold on the market at an average price of $1.37 each.
Despite the fact that the amount is sufficient to put pressure on an asset that was already not the most profitable investment on the market, LDO was able to effectively navigate the surge in selling activity and maintain a stable price throughout the ordeal.
Investors who keep a close eye on the Ethereum staking market should pay attention to how the price of LDO Itself performs since it is a crucial indication. Lido Finance is regarded as a leading liquidity source for all Ethereum speculators and investors.
Interestingly, on January 1, the price of the underlying token for Lido suddenly began to go higher, demonstrating a strong price performance and jumping ahead of the market. Retail investors have paid more attention to the asset as a result of a significant jump in the amount of money that has been invested in it.
During these times of uncertainty, it is heartening to witness a coin see such growth. We can only hope that this is the beginning of greater things to come!
Lido Finance (LDO) Now Has Highest TVL in Defi
The post Lido Finance (LDO) Now Has Highest TVL in Defi appeared first on Coinpedia Fintech News
As per Nansen data in December, Ether staking solutions were in high demand as Ethereum shifted to a proof-of-stake mechanism. Lido Finance, a Liquid staking protocol, seems to be strengthened with the Ethereum merge with its total value locked (TVL) now hitting the top position in the Defi. As per Defi lama Data, Lido Finance now has $5.9 billion in TVL surpassing MakerDAO’s $5.89 billion and AAVE’s $3.7 billion.
According to Lido Finance’s website, the platform has $5.8 billion Ether staked. Meanwhile, there was around $43.9 million in Polygon, a $23.2 million stake in Solana, $11 million in Polkadot, and $2.2 million in Kusama.
Snowfall Protocol enters the DeFi market, giving Lido DAO and Bitcoin Cash a run for their Money!
Snowfall Protocol (SNW) has recently made its debut in the DeFi space and has since been grabbing eyeballs for its incredible performance. Analysts and investors have now started questioning whether Lido (LDO) and Bitcoin Cash (BCH) even stand a chance against this debutante.
Let’s take a closer look at what Lido (LDO), Bitcoin Cash (BCH), and Snowfall Protocol (SNW) bring to the table.
What is Lido DAO (LDO)
Lido DAO (LDO) is designed to be a liquid staking solution for Ethereum, through which users can stake ETH tokens with no minimum deposits or infrastructure maintenance. The staking rewards from these deposits can be used without lock-ups across the DeFi ecosystem. The Lido DAO builds liquid staking services and is responsible for governing the direction of Lido.
The native utility token of Lido DAO is LDO, which is used to grant DAO governance rights, manage fee parameters and distribution, and govern the addition and removal of Lido DAO node operators.
What is Bitcoin Cash (BCH)
Bitcoin Cash (BCH) is a decentralized peer-to-peer electronic cash system that enables swift payments with high transaction capacity (big blocks), privacy, and micro fees. Bitcoin Cash (BCH) blocks can go up to 32 MB, thus ensuring faster and less expensive verification of BCH transactions even as the network keeps growing.
BCH is the native token of the Bitcoin Cash (BCH) system. Users can make Bitcoin Cash (BCH) payments directly from one person to another, just like physical money, but without any interference from centralized payment processors or banks.
What is Snowfall Protocol (SNW)
The Snowfall Protocol (SNW) is a multi-chain interoperability protocol that enables secure cross-chain transactions and asset transfers between blockchains. It is built for fungible and non-fungible tokens. The mission of the Snowfall Protocol (SNW) is to enable simple and secure participation for everyone in the DeFi and cryptocurrency ecosystem.
The Snowfall Protocol dApp allows users to swap assets across EVM and non-EVM compatible chains, thus enabling communication with all blockchains.
The governance token of the Snowfall Protocol is SNW that gives users the right to vote on improvement proposals within the Snowfall DAO. SNW also serves as a utility token, giving users access to fee discounts on snowfall bridges and entry to weekly or monthly raffles.
Which token shows more potential? LDO, BCH, or SNW?
Lido DAO (LDO) reached its all-time high price of $11 on 16th November 2022. Today, a year later, the price of Lido DAO (LDO) has dropped drastically to $1.22—a reflection of the declining interest in Lido DAO’s offerings.
Bitcoin Cash (BCH) reached its all-time high price of $4,355.62 on 20th November 2017. Today, five years since then, the price of BCH has dropped to $102.60.
SNW was launched as the governance and utility token of the Snowfall Protocol, with 95,000,000 SNW tokens available at $0.005 per coin in the first presale stage. SNW increased by 80%, reaching a price point of $0.009 and eventually going as high as $0.015 by the end of the first presale stage.
On 2nd November 2022, SNW entered its second presale stage, selling at $0.025. This success of SNW in the first two stages is predicted to remain consistent in the third (last) stage, too. Based on customer purchasing behavior, the SNW price is expected to touch $0.075 by the end of the token’s last presale stage.
The Snowfall Protocol may be a newcomer in the DeFi space, but the numbers don’t lie!
In contrast to the declining performance of Lido DAO (LDO) and Bitcoin Cash (BCH), the Snowfall Protocol (SNW) is only showing positive growth, both in terms of token price and buyer sentiment. With the price point still affordable and the protocol giving away up to 5 million tokens, now is the best time to buy into the success of the Snowfall Protocol.
Learn more about Snowfall Protocol (SNW):
Website: https://snowfallprotocol.io
Telegram: https://t.me/snowfallcoin
Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
Lido Staked Ether (stETH) and Uniswap (UNI) Rises; Flasko (FLSK) Impresses Investors
With only about two months to end the year, now would be the perfect time for investors to seek opportunities for prospective cryptocurrency acquisitions for 2023. Cryptocurrency investors are searching for options that would provide massive gains for the coming year,
Analysts have predicted that Lido Staked Ether (stETH) and Uniswap (UNI) would rise. On the other hand, analysts are also impressed with the new alternative investment, Flasko, which is making headlines in the cryptocurrency community.
Lido Staked Ether (stETH) Price Fluctuates After The General Market Downturn
Lido Finance is a significant provider of Ethereum staking services. It allows crypto investors to stake (lock up) Ethereum and Ethereum proof-of-stake blockchain to get rewards. However, it doesn’t enable stakers to redeem or unlock their Ethereum. Instead, it gives investors a variant Lido Staked Ether (stETH) that they can use in place of their locked coins.
Over the past day, Lido Staked Ether (stETH) lost 1.77% to trade at $1,544. Before this, the price of Lido Staked Ether (stETH) had been all green, with a 15.53% price increase in the past month. Lido Staked Ether (stETH) has an all-time high of $4,982.43. Analysts are confident that the price will continue to rise with time.
Uniswap (UNI) Investors Hopeful Despite The Market Downturn
2022 was quite eventful for Uniswap (UNI); it fell from around $17 on January 16th to a 52-week low of $3.37 on June 18th. This is about a 91% decline. Uniswap (UNI) had some upward movement after this due to the acquisition of Genie. This helped Uniswap (UNI) achieve a high of $6 on June 26th.
After this, the news of a listing on Robinhood helped Uniswap (UNI) reach $9.74 by July 28th. Since then, the price has been fluctuating based on market sentiments. Even with the news of the Uniswap Foundation issuing $1.8 million in grants, it still couldn’t get to an all-time high.
Currently, Uniswap (UNI) is being sold at $7.28, and with the past performance in the last 60 days, analysts predict Uniswap (UNI) to climb back up soon and provide profits for investors.
Flasko (FLSK) Is Set To Provide Huge Profits In 2023
Flasko presale has been gaining attention from the crypto community in recent months. Analysts have predicted that with Flasko’s unique utility, it will likely be a top cryptocurrency in the coming year.
This prediction from analysts is because Flasko will be the first alternative investment that allows investors to buy and sell minted and fractionalized NFTs, supported by luxury and rare wines, champagnes, and whiskeys. Additionally, Flasko will collaborate with luxury wine startups to ensure that the products enter the market.
When investors buy a full NFT, they will get their product delivered to their location of choice. Concerning security, Flasko developers ensured that it passed its Solid Proof audit and would also lock its liquidity for 33 years.
Flasko goes for a price of $0.077 and is in its second presale stage. So buying Flasko during its early stages presents the perfect opportunity to make huge gains. If you want to learn more about the project, click the links below.
Website: https://flasko.io
Presale: https://presale.flasko.io
Telegram: https://t.me/flaskoio
Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
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Aave, Lido DAO and Snowfall Protocol Are Top Gainers!
The world of decentralized finance, or “DeFi” for short, is growing by leaps and bounds. In this ever-expanding landscape, it can be difficult to keep track of all the latest developments. That’s why we’re here to help!
In this blog post, we’ll take a look at three DeFi projects that are trending right now: Aave (AAVE), Lido DAO (LDO), and Snowfall Protocol (SNW). Each of these projects has something unique to offer, so read on to learn more!
DeFi Expert Insights: Aave (AAVE)
Aave (AAVE) is a protocol for lending and borrowing cryptocurrency. As one of the most popular DeFi protocols currently in operation, Aave (AAVE) has built a reputation for being both user-friendly and feature-rich.
One of the most unique features of Aave (AAVE) is that it offers “flash loans”. A flash loan is a type of loan that can be taken out and repaid in a single transaction. This makes flash loans ideal for short-term borrowing or for use in complex arbitrage strategies.
Aave (AAVE) is one of the oldest and most well-established protocols in the DeFi space. It has a strong community of users and developers and is constantly adding new features and improving its platform. If you’re looking to invest in a DeFi platform that has been proven to be effective and user-friendly, Aave (AAVE) is a great option to consider.
DeFi Expert Insights: Lido DAO (LDO)
Lido DAO (LDO) is not as well known as Aave (AAVE) or some of the other major DeFi protocols. However, it is a very interesting project with a lot of potential.
Lido DAO (LDO) is a decentralized autonomous organization (DAO) that is focused on providing liquidity to the DeFi space. Lido DAO (LDO) does this by creating and managing liquidity pools. These liquidity pools are used to provide collateral for loans and other financial transactions.
As a community that builds liquid staking services, Lido DAO (LDO) aims to make it easy for users to earn interest on their crypto assets. Lido DAO (LDO) is a relatively new project, but it has already made a lot of progress. It is one to watch out for in the future!
DeFi Expert Insights: Snowfall Protocol (SNW)
Snowfall Protocol (SNW) is a protocol that allows communication between different blockchains. It is designed to remove technical barriers and allow every user the same ability to engage with their favorite projects. By enabling co-operability for the blockchain industry, decentralized finance (De-Fi)
is brought to a new standard because users will no longer be limited to the features of one blockchain.
The protocol has many use cases, but the most important one is that it enables trustless cross-chain swaps. This means that users will be able to swap assets between different blockchains in a user-friendly manner.
Snowfall Protocol (SNW) is solving what Rome solved. By uniting the world under one protocol, it will make it easier for people to use different blockchains and participate in the DeFi ecosystem.
Within its first few weeks of the presale, due to its unique co-operability model, Snowfall Protocol (SNW) has seen more than a 30% increase in value from buyers. Some experts are saying that Snowfall Protocol (SNW) has the potential to grow exponentially by the time it is launched (5000%).
The price of Snowfall Protocol (SNW) is now $0.015 and other leading analysts are convinced that Snowfall Protocol (SNW) has the potential to increase in value by 1000x. Thus, you must click on the links below to learn more!
Website: https://snowfallprotocol.io
Telegram: https://t.me/snowfallcoin
Presale: https://presale.snowfallprotocol.io
Twitter: https://twitter.com/snowfallcoin
Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
