Lido DAO (LDO) Trading 3.4% Lower Over Last 7 Days

Lido DAO (LDO) traded 4.8% lower against the US dollar during the 1-day period ending at 10:00 AM Eastern on October 31st. One Lido DAO token can now be purchased for approximately $1.06 or 0.00001484 BTC on major exchanges. Lido DAO has a total market capitalization of $949.41 million and $76.13 million worth of Lido DAO was traded on exchanges in the last day. Over the last seven days, Lido DAO has traded 3.4% lower against the US dollar.

Here’s how similar cryptocurrencies have performed over the last day:

• Aidi Finance (BSC) (AIDI) traded down 2.2% against the dollar and now trades at $0.0000 or 0.00000000 BTC.
• Zoo Token (ZOOT) traded down 2.2% against the dollar and now trades at $0.0652 or 0.00000239 BTC.
• CareCoin (CARES) traded 2.2% lower against the dollar and now trades at $0.0809 or 0.00000297 BTC.
• Hokkaidu Inu (HOKK) traded 1.2% higher against the dollar and now trades at $0.0004 or 0.00000001 BTC.
• Jeff in Space (JEFF) traded 2.2% lower against the dollar and now trades at $2.75 or 0.00010076 BTC.
• Lumi Credits (LUMI) traded up 8.9% against the dollar and now trades at $0.0162 or 0.00000027 BTC.
• SolvBTC.BBN (SOLVBTC.BB) traded 0.3% higher against the dollar and now trades at $72,001.57 or 1.00835812 BTC.
• SolvBTC (SOLVBTC) traded 0% higher against the dollar and now trades at $71,880.94 or 1.00666877 BTC.
• AXIA Coin (AXC) traded down 0.1% against the dollar and now trades at $13.43 or 0.00048094 BTC.

Lido DAO Token Profile

Lido DAO’s launch date was December 17th, 2020. Lido DAO’s total supply is 1,000,000,000 tokens and its circulating supply is 895,723,570 tokens. Lido DAO’s official website is lido.fi. The Reddit community for Lido DAO is https://reddit.com/r/lidofinance and the currency’s Github account can be viewed here. The official message board for Lido DAO is blog.lido.fi. Lido DAO’s official Twitter account is @lidofinance and its Facebook page is accessible here.

According to CryptoCompare, “Lido DAO is an innovative decentralized autonomous organization that manages liquid staking on Ethereum 2.0. Its native asset, the LDO token, serves as the governance token, empowering holders to vote on key protocol parameters. The voting weight is proportional to the amount of LDO held, democratizing decision-making. Users stake ETH and receive stETH, a token that mirrors staked ETH while remaining liquid and earning staking rewards. Co-founded by Jordan Fish and Konstantin Lomashuk, Lido DAO balances centralization and decentralization, using an efficient mechanism, Easy Track, for routine governance. It reinvests service fees into research, development, liquidity mining incentives, and upgrades, fostering sustainable growth and flexibility.”

Buying and Selling Lido DAO

It is usually not possible to purchase alternative cryptocurrencies such as Lido DAO directly using US dollars. Investors seeking to trade Lido DAO should first purchase Ethereum or Bitcoin using an exchange that deals in US dollars such as Coinbase, Gemini or GDAX. Investors can then use their newly-acquired Ethereum or Bitcoin to purchase Lido DAO using one of the aforementioned exchanges.

LDO/USD price chart by TradingView