This is the LDO price chart vs the LDO market cap, notice anything? Yes, the price is lower than a few years ago 😕
• In June 2021 Lido was $2.60, with $60M market capitalization.
• Today Lido is $2.51, with 2.23 billion market capitalization.
Despite growing from nothing to over $30 billion of staked ETH in Lido protocol, LDO buyers made no money.
👉 That's why it's so important to study tokenomics. LDO doesn't rebase, there is no staking, and holders never get any revenue share of the Lido protocol
You can bet on a project that will become incredibly successful and grow thousands of times, but you will not earn a penny on the growth of its token 💀
@CryptoLiterate