LidoDAO Price Surges 26% – Is It Too Late to Purchase LDO? This Meme Coin Might Overtake Shiba Inu
By Joel Frank
Last updated:
May 22, 2024 14:57 EDT
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2 min read
LidoDAO Price Surges 26% – Is It Too Late to Purchase LDO? This Meme Coin Might Overtake Shiba Inu / Source: Cryptonews
The price of LidoDAO (LDO) continues to experience significant growth since the beginning of the week, as investors bet on the expansion of the Ethereum ecosystem. There are expectations that the SEC will soon approve spot Ethereum ETFs. With this rapid increase, many are wondering if it is still a good time to buy LDO.
LDO serves as the native cryptocurrency of the decentralized Ether staking platform Lido. Additionally, it functions as the governance token for the Lido decentralized autonomous organization (DAO), which oversees the Lido protocol.
According to CoinMarketCap, the LidoDAO price recently reached just above its 50-day moving average at $2.075. This marks a 26% increase over the past 7 days.
While LDO is currently around 37% higher than its previous monthly lows of about $1.50, potential investors should not be discouraged from purchasing LidoDAO. Even though they won’t be buying at the lowest point, there is still potential for growth.
So, is it too late to buy LidoDAO? Here’s why it isn’t:
Despite LDO being nearly 50% lower than its January peak above $4.0, if the Ethereum ecosystem experiences significant growth driven by ETFs, LDO could see even higher prices.
If Ethereum reaches $5,000 by June, which has a 20% chance of happening according to decentralized options markets on the DeFi derivatives market Lyra, then LDO could potentially double back to its yearly highs.
Considering LDO’s current market cap of $1.8 billion, it suggests that this bull market could bring gains of more than 2x.
There is a possibility that LDO could achieve at least a 5x gain and become a $10 billion market cap cryptocurrency. Therefore, it is definitely not too late to buy LidoDAO.
Crypto Alternative to Consider – Meme Coin Wiener AI (WAI)
While a 5x gain opportunity is sufficient for most investors, those with a high tolerance for risk might be seeking even greater returns. These investors should explore the market for emerging meme coins.
Many newly launched meme coins fail to gain traction or retain long-term value. However, with a well-informed marketing team that knows how to build a community, a new meme coin could potentially increase by 100x.
One such coin that analysts at Cryptonews recommend is Wiener AI (WAI).
The meme coin market is saturated with Shiba Inu-themed coins that lack real utility. Wiener AI, with its sausage dog theme, offers a fresh perspective in the meme coin space.
What sets Wiener AI apart is its built-in AI trading capabilities, which differentiate it from other utility-lacking coins like Shiba Inu.
During its presale, Wiener AI has already raised over $2.6 million. It also offers a passive income opportunity, with presale investors currently earning a massive 381% APY, according to the project’s official website.
At this rate, investors can double their initial presale investment within a few months, with staking rewards accounting for 20% of the supply.
Potential investors in WAI need to act swiftly, as the price of WAI will rise once the presale reaches $2.7 million.
With the current price of $0.000709, Wiener AI’s market cap is under $50 million. If it becomes a market leader, early investors could benefit greatly, potentially gaining 100x returns or more.
Buy Wiener AI Here
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Disclaimer: Cryptocurrency is a high-risk asset class. This article is provided for informational purposes only and does not constitute investment advice. There is a possibility of losing all of your capital.