Neither Solana nor Ethereum: This altcoin could reach $2,50 if it breaks this level.

An altcoin linked to liquid staking is gaining attention after a 60% rally. If it breaks its key resistance, it could reach $2,55. Which one is it?

In a market where Bitcoin, Ethereum, XRP, and Solana often dominate the headlines, one altcoin has burst onto the scene and is defying expectations. LidoDAO (LDO), the governance token of Ethereum's largest liquid staking protocol, has seen a staggering 60% rally in just one week, fueled by a record total value locked (TVL) and anticipation of a major platform upgrade.

As the price consolidates near $1,50, analysts like Ali Martinez point out that a breakout of $1,59 with volume could catapult the token to $2,55. 

Lido DAO: The Engine of Liquid Staking on Ethereum

Lido DAO is much more than just a rising altcoin. It's the core of an infrastructure that has transformed the way users participate in Ethereum staking. 

Traditionally, participating in staking required locking up a considerable minimum amount of ETH and having the technical knowledge to operate a node. Lido breaks this barrier by offering a solution Liquid staking that democratizes accessThus, any user can deposit their ETH and receive tokens called stETH in return. These tokens represent their staking participation, but remain liquid and usable within the DeFi ecosystem. This means that, even when the ETH is staked, the user does not lose the ability to interact with other decentralized financial applications, lending or trading these derivative tokens.

Additionally, the DAO that governs Lido has implemented a pioneering dual governance system, where both LDO and stETH holders can influence protocol decisions. This structure strengthens decentralization and security, two key pillars in the project roadmap. 

At present, Lido manages over $41.000 billion in total value locked (TVL), with over 800 active node operators. Its expansion into liquid cross-chain staking solutions and institutional adoption of stETH solidify its position as a leader in the sector.

Technical consolidation and price projection: Is LDO heading towards $2,50?

LDO's recent rally hasn't been a one-off. Over the past five days, the token has maintained an upward trajectory, closing each day at new daily highs. 

From a technical perspective, the price is testing a key resistance level at $1,59. Ali Martinez, a renowned analyst in the industry, stated that Lido DAO is rising exponentially, testing the key resistance level at $1,59. “Tear it up and $2,55 is next.”, said The analyst

However, despite his optimism, the analyst also warned of a possible correction that could take LDO's price to $1,20. 

According to their analysis, the $1,59 level acts as a psychological and technical threshold; a sustained breakout could trigger a new wave of buying and lead the LDO token toward its next speculative target. Trading volume has consistently increased, reinforcing the possibility of a bullish continuation if the current momentum continues.

Key catalysts and growth narrative

Lido DAO is at a crucial moment in its development, beyond what the usual technical analysis suggests. This Thursday, August 14th, the first update call for tokenholders, organized by Lido Labs, a key event where vital topics such as the expansion of cross-chain staking will be addressed. This meeting promises to be a turning point that could boost LDO's price by clarifying the protocol's next steps and strengthening confidence in its vision.

This event, coupled with Lido's commitment to security and decentralization and the DAO's participation in discussions about Ethereum's future, positions LDO as more than just a speculative bet. It actually represents a growth story that accompanies the transformation of the Ethereum ecosystem. If the protocol continues to advance along its roadmap and maintains the interest of both the community and the market, the potential for LDO to surpass the $2,55 target seems like just the beginning of a promising phase for this altcoin.

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