Lido (LDO) Faces Massive Correction As Token Losses Mount To 20%

The Lido (LDO) short-term position continues to be compromised in the face of a market-wide correction phase, dragging the altcoin market to the mud. As of writing, the token has lost over 20% in value, representing a massive flip in investor sentiment. The market has not been faring any better as it lost nearly 2% in value, wiping nearly $800 million in market cap in the past 24 hours. Related Reading: Market Signals Hint At Bitcoin’s Potential Fall To $52,000—Analyst Lido’s development persists despite the market’s apparent bearishness, the most recent of which might drive retail interest on the platform sky-high. However, with the market acting as a chaotic background for LDO, it might come later than what investors and traders expect. Lido DAO Announces Community Staking Early Adoption Program Yesterday, October 5, Lido’s official X account announced the Community Staking Module (CSM) Early Adoption program designed specifically for solo stakers who want to taste the CSM environment before its initial launch. Introducing the Community Staking Module Early Adoption Program: A Unique Opportunity for Solo Stakers

Oct 6, 2024 - 22:00

Lido (LDO) Faces Massive Correction As Token Losses Mount To 20%

The Lido (LDO) short-term position continues to be compromised in the face of a market-wide correction phase, dragging the altcoin market to the mud. As of writing, the token has lost over 20% in value, representing a massive flip in investor sentiment. The market has not been faring any better as it lost nearly 2% in value, wiping nearly $800 million in market cap in the past 24 hours.

Lido’s development persists despite the market’s apparent bearishness, the most recent of which might drive retail interest on the platform sky-high. However, with the market acting as a chaotic background for LDO, it might come later than what investors and traders expect.

Lido DAO Announces Community Staking Early Adoption Program

Yesterday, October 5, Lido’s official X account announced the Community Staking Module (CSM) Early Adoption program designed specifically for solo stakers who want to taste the CSM environment before its initial launch.