Lido and Paradigm investment fund have invested heavily in the new project Symbiotic. This is a competitor to the recently hot product EigenLayer.
This problem is very good. Lido doesn't need to reform all their systems. Through this, stETH will be used as the main token for Symbiotic. The newly launched staking mechanism brings many benefits to LIDO and of course the price will follow.
In the long term, lido has solved the problem that its competitors raised. Lido will win over EigenLayer for sure.
-> Paramdigm fund is currently the largest holder of Lido. Despite the recent market instability, many funds have released lido tokens. But Paramdigm remains loyal to the project, perhaps they know Lido's true potential in the future.
-> eth etf fund and whether eth etf is staking or not? -> Surely when the new president is elected, crypto will once again rise and ether staking projects will take the throne along with eth etf.
Matic will automatically convert to POL tokens. You don't need to do anything. It's so easy. Biannce has supported automatic token conversion for hundreds of children.
Currently, LDO is continuously being discharged by funds. They just received the tokens in March 2024 and have been releasing them since then. LDO price has been divided by 2. Funds still transfer LDO to the exchange in very large quantities. They currently profit x180 times from the private sale price.
Whoever sells will sell, whoever stays will stay. There are still many funds remaining to continue their journey with LDO in the near future.
I don't know where the price of LDO will go. But hopefully a good start for those who are investing and suffering losses.
Many tokens currently have very low prices. Can sell LDO without thinking.$LDO
This one was hacked in the past, users almost lost all their money, and it didn't compensate, but now it gives out tokens. How shameless, I will not buy this project.
Special item of the ETH season, as well as catching up with the next decade trend in the next few days.
LDO cap is currently 3b$, which to many people is a highly capitalized commodity. But everyone will be surprised after knowing LDO's TVL this season.
- reached 40b$ in a few months - achieved the record for the largest TVL in history - highest profit - long compressed chart with #SSV $SSV - Launched many new features + is developing the recently hot restaking segment.
Trend LSD will come quickly this week, maybe even tomorrow, after I publish this post.
Entry 3.3-3.4 Target 7-10-20$
Let's come back and congratulate each other when we achieve profits.
Cake has surpassed the weekly and monthly barriers after 3 years!!
Old peak 44$. If you return to the old peak. Cap will be around 8b$ It is entirely possible because Pancakeswap has now grown and taken the lead in the defi trend.
-> don't forget, Cake is deflating for over 8 months and counting. It's really rare for any defi to do that.
After 3 years of inflation, whales have accumulated a lot of Cake. They became concerned about Cake's price. Cake has fallen from $50 to $1. After the APR vote, cake officially transformed into a deflationary model. Note: very few defi can do it like cake. Cake is currently 3$ cap 700m$. Cake's launchpad, games, nft, farming, staking, etc are really underrated.
Current TVL is 4b$
Do you believe me? Cake will soon reach 1.5b$ in the next 2 weeks to catch up with Uni.
Long term Target. Cake will reach $30-50. Cap will be around 7-10b$. Very reasonable.
I have been in this market since BTC first started. This may be the last uptrend season. And I choose Cake for the defi category.