The ethereum
Lido DAO: The Liquid Staking Program of Choice
The LDO price has gained as much as 10% in the past 24 hours, trading around $2.68 on Wednesday, according to the latest market data. With approximately $30 billion in total value locked (TVL), the Ethereum ecosystem has experienced sustained growth and development over the years.
Ethereum Market Outlook
For the first time since last August, Ethereum has traded above $1900, following the collapse of Terra Luna UST. On Wednesday, Ethereum exchanged around $1,914, up approximately 5% in the past 24 hours, according to our latest crypto price oracles. Some crypto analysts fear that the Shanghai upgrade will introduce a stream of selling pressure, making Ether rebound to a new falling trend.
Also Read: Ethereum Price Prediction 2023, 2024, 2025: This Is How ETH Price Could Perform In 2023!
Impact of Shanghai Upgrade on Ether
On the other hand, other crypto analysts believe the Shanghai upgrade is bullish for the Ethereum ecosystem. This group highlights that the freedom to stake and unstake Ether will attract more investors seeking secure returns.
According to a study conducted by on-chain analytics platform santiment
The Ethereum ecosystem is experiencing intense momentum ahead of the Shanghai upgrade, with Lido DAO emerging as the liquid staking program of choice. Despite a decline in the rate of staking on the beacon chain, the Ethereum ecosystem has sustained growth and development over the years, with a total value locked of approximately $30 billion.
As the debate rages on about the impact of the Shanghai upgrade on Ether, the bulls could push the Ether value to above $2k, where the next resistance is projected.
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