Lido Dao Price Prediction 2023-2030: Will LDO Price Hit $3.5 Soon?

• Bullish Lido Dao (LDO) price prediction ranges from $0.4 to $3.304
• Analysis suggests that the LDO price might reach above $3.
• The LDO bearish market price prediction for 2023 is $0.448

There are other digital currencies besides Bitcoin (BTC) and Ethereum (ETH) that people who want to diversify their portfolios and learn more about cryptocurrencies should consider. Lido Dao (LDO) is one of them.

Decentralized autonomous organization (DAO) Lido offers a liquid staking service for Ethereum 2.0 and other proof of stake (POS) blockchains such as Solana (SOL), Polygon (MATIC), Polkadot (DOT), and Kusama (KSM).

If you are interested in the future of LDO and want to know its predicted value for 2023, 2024, 2025, and 2030 – keep reading!

Lido DAO (LDO) Market Overview

What is Lido DAO (LDO)?

The Lido DAO is a Decentralized Autonomous Organization that decides on the key parameters of liquid staking protocols through the voting power of governance token (LDO) tokens. Lido uses Ethereum 2.0 as a stake for user assets. Each user will receive their initial deposit back in stETH, the native asset of the Lido platform. 

Lido pools its users’ ETH deposits and stakes them through a reliable group of node operators on the ETH 2.0 network. In this way, Lido collects Ethereum staking rewards and distributes them to its investors.

Staking ETH on Lido requires neither a minimum deposit nor the upkeep of any requisite infrastructure. It can be done with other on-chain actions (like lending) to generate compounding rewards.

When it comes to native utility tokens, LDO is the way to go for providing access to Lido DAO’s governance, the administration of charges and their allocation, and lastly, rules for the insertion and deletion of Lido node operators.

Members of the Lido community may rely on LDO primarily because it grants them a voice in communal decision-making. Each LDO holder has a vote in any decision-making process according to the quantity of LDO they have staked. LDO tokens can also be used to add or remove any node from the network and help set fee parameters.

Furthermore, Lido has a referral program where each referrer receives 1% of the total ETH staked through their referral link (paid out in stETH). It’s important to note that the referral program is now accessible only through a select group of whitelisted partners handpicked by the Lido DAO community.

Several vulnerabilities connected to Lido DAO are smart contract flaws, adoption issues, and technological difficulties. However, solid arguments support its status as one of the safest staking platforms, such as Continual Code Analysis, High-quality validators to lessen potential dangers, Reducing the risk of counterparty default through noncustodial staking, and Reducing potential threats through DAO management. Quantstamp, MixBytes, and Sigma Prime, all frontrunners in the blockchain security field, have all conducted audits of Lido DAO.

Analysts’ Views on Lido Dao

CEO and founder of Altcryptogems, a crypto news platform, Sjuul tweeted that LDO saw its largest transaction volume in two years. Sharing a graph that represents the volume and the price of the token, Sjuul stated that LDO worth over $135 million was transacted. The 70M coin transfer from one self-custody address to a new one is considered the 8th largest move of all time on the network, according to Santiments. 

Lido DAO (LDO) Current Market Status

Lido Dao (LDO) has a circulating supply of 878,719,485.73 LDO coins while its maximum supply is 1,000,000,000 LDO, according to CoinMarketCap. At the time of writing, LDO is trading at $1.8413 representing 24 hours increase of 7.10%. The trading volume of LDO in the past 24 hours is $95,113,315 which represents a 5.96% increase.

Some top cryptocurrency exchanges for trading Lido Dao (LDO) are  Binance, KuCoin, Coinbase, and Kraken.

Now that you know Lido Dao and its current market status, we shall discuss the price analysis of  Lido Dao (LDO) for 2023.

Lido DAO (LDO) Price Analysis 2023

Currently, LDO is ranked in the 34th position on CoinMarketCap. Will developments and upgrades within the Lido DAO community increase the price of Lido DAOs (LDO)? We shall see this in this Coin Edition price analysis 2023 article.

Lido Dao (LDO) Price Analysis – Bollinger Bands

The Bollinger bands are a type of price envelope developed by John Bollinger. It gives a range with an upper and lower limit for the price to fluctuate. The Bollinger bands work on the principle of standard deviation and period (time). 

The upper band as shown in the chart is calculated by adding two times the standard deviation to the Simple Moving Average while the lower band is calculated by subtracting two times the standard deviation from the Simple Moving Average. When the bands widen, it shows there’s going to be more volatility and when they contract, there is less volatility. 

When Bollinger bands are used in a cryptocurrency chart, we could expect the price of the cryptocurrency to reside within the upper and lower bounds of the Bollinger bands 95% of the time. The above thesis is derived from an Empirical law. 

The sections highlighted by red rectangles in the chart above show how the bands expand and contract. When the bands widen, we could expect more volatility, and when the bands contract, it denotes less volatility. 

Currently, the Bollinger bands are moving downward while they are squeezing, hence, there could be less volatility, as the price moves downwards. Moreover, LDO has touched the lower Bollinger band, hence, we could expect the prices to retrace back towards the Simple Moving Average (SMA). This presents an excellent opportunity for traders to enter the market. But, timing the market and the trend reversal could be hard. 

This is because LDO usually tested the bands continuously for some time before it retraced, hence, we never know for how long it may keep hugging the lower band. Furthermore, it may feint with small movement towards the SMA while the real retracement would be far away. 

As such, when traders enter a long position, they may consider having their stop loss, a bit further, than usual to give LDO some slack before retracing.

Lido Dao (LDO) Price Analysis – Relative Strength Index

The Relative Strength Index is an indicator that is used to find out whether the price of a security is overvalued or undervalued. As per its name, RSI indicators help determine how the security is doing at present, relative to its previous price. 

Moreover, it has a signal line which is a Simple Moving Average (SMA) that acts as a yardstick or reference to the RSI line. Hence, whenever the RSI line is above the SMA it is considered bullish and if it’s below the SMA then it is bearish. 

When considering the first green rectangle from the left of the chart below we can see that the  RSI is above the signal. Hence, LDO is bullish and as a result, it is making higher highs. 

The second green rectangle shows that the RSI line (purple) is below the Signal line (yellow). As such, Lido Dao (LDO) is bearish or losing value. Therefore it is reaching lower lows as shown in the chart. 

Currently, the RSI of LDO is at 40.58 and it is placed parallel to the horizontal axis. More importantly, when considering the area of trend reversals, LDO had a trend reversal quite close to where it is at present. Hence, we may see another market correcting LDO prices whereby it might rise. This could present an excellent entry point for buyers. 

To properly adjudicate this scenario, it is better for the investors to wait for the market to make a move, before making any vital moves. It would be better if they wait for the RSI line to cross the signal to make sure that the trend is actually changing. 

However, in the event that they wait for the RSI to cross the signal line, there is also a chance of losing some percentage of profit that could be gained. As such, those looking to cash in on the lock, stock, and barrel should consider using another indicator or a combination of indicators for ensuring the probability of the occurrence of a trend reversal would be a smart option to look to.

To deduce whether a cryptocurrency is bearish or bullish, the RSI compares the gains of the securities against the losses it made in the past. This ratio of gains against the losses is then deducted from the 100. 

For instance, if the RSI is making lower highs when the cryptocurrency is making higher highs, then we may say that although the token/coin is on a bullish trend it is losing value. As such, there could be a trend reversal in the future. 

However, the RSI could also give false alarms for breakouts. Although we may expect, the prices to retrace if it goes to the oversold or overbought region, the prices also can stay in the oversold or overbought region for an extended period. As such, traders should be wary of it and let the market saturate before making vital decisions. 

Lido Dao (LDO) Price Analysis – Moving Average

The Exponential Moving averages are quite similar to the simple moving averages (SMA). However, the SMA equally distributes down all values whereas the Exponential Moving Average gives more weightage to the current prices. Since SMA undermines the weightage of the present price, the EMA is used in price movements. 

The 200-day MA is considered to be the long-term moving average while the 50-day MA is considered the short-term moving average in trading. Based on how these two lines behave, the strength of the cryptocurrency or the trend can be determined on average. 

In particular, when the short-term moving average (50-day MA) approaches the long-term moving average (200-day MA) from below and crosses it, we call it a Golden Cross.

Contrastingly, when the short-term moving average crosses the long-term moving average from above then, a death cross occurs. 

Usually, when a Golden Cross occurs, the prices of the cryptocurrency will shoot up drastically, but when there’s a Death Cross, the prices will crash. 

Whenever the price of cryptocurrency is above the 50-day or 200-day MA, or above both we may say that the token is bullish (Green rectangle). Contrastingly, if the token is below the 50-day or 200-day, or below both, then we could call it bearish (Green triangle section).  

The Golden Cross helped LDO rise above both averages for a brief period of time as shown in the chart by the highlighted rectangle. However, after soaring above both moving averages, LDO sought support from the 50-day MA. Since the bears were strong, the 50-day MA could not hold LDO from falling, as such it fell below the 50-day MA. 

With just the 200-day MA below, LDO sought support from the 200-day MA, however, that too was just broken. But the bulls seem to have come to the rescue, hence, we may expect LDO to surge.  

LDO at the 200-day MA, and looking to recover seems to be an excellent entry point for buyers trying to cash in on LDO. However, they should give some time for the market to saturate, and at least let the market form a couple of candlesticks before opening a long position. 

Lido Dao (LDO) Price Analysis – Rate of Change

The Rate of Change Indicator is a momentum oscillator, that measures the change of the current price against the past price a few (n) periods ago, in percentage. As long as the price is rising ROC will be positive. But, the ROC indicator will reach the negative zone when the prices reduce. Increasing values in either direction, positive or negative, indicate increasing momentum and moving back toward zero indicates diminishing momentum.

Unlike the RSI, ROC has no set overbought or oversold regions, it rather depends on a trader’s discretion. Traders often tend to find the areas in the positive and negative zones where the trend changes have happened in regularity. Based on this they could mark their bounds for overbought and oversold regions.

ROC could also be used as a divergence indicator that signals a possible upcoming trend change. Divergence occurs when the price of a stock or asset moves in one direction while its ROC moves in the opposite direction.

For example, if a stock’s price is rising over a period of time and registering higher highs while the ROC is progressively moving lower, or making lower highs, then the ROC is indicating bearish divergence from price, which signals a possible trend change to the downside. The chart shows an example of the above scenario. The same concept applies if the price is moving down and ROC is moving higher.

Additionally, the zero line crossover could be used to signal trend changes. However, depending on the number used for n (periods) in the indicator the signals may come in early or late.  

LDO’s extremely overbought regions are marked as Overbought Region 1 at 33.99, Overbought Region 2 at 75.24, and Overbought Region 3 at 109.21. LDO’s trend reversed many times after it reached the Overbought Region 1. Meanwhile, LDO’s Oversold Regions are marked as Oversold Region 1 at -29.10 and Oversold Region 2 at -57.01.

Currently, the ROC indicates a value of -6.71 and the line is heading towards the zero line. This indicates that the bearish trend is fading away and that the bulls are taking over. As such, this presents an excellent entry point for those going long. 

Lido Dao (LDO) Price Prediction 2023-2030 Overview

Lido DAO (LDO) Price Prediction 2023

The chart above shows how LDO is fluctuating taking the inverted cup and handle pattern. Since LDO has been fluctuating along the circumference of the arc, we could expect the handle to take an inverted arc shape. If LDO is going to fluctuate along the arc of the handle mentioned above, we could expect the prices to fall to Support at $1.445. 

However, if the bears are too strong, we could expect LDO to fall below Support 1. Although one would expect  LDO to find support at Support 2 ($0.96), it is not possible. This is because, when considering the previous occasions, Support 2 has been more or less of a place for consolidation rather than support. Hence LDO may rebound on Support 2 and fall on Support 3 at $0.487. 

Contrastingly, if the bulls take charge of LDO we may see rising to Resistance 1 at $2.68. With more pressure from the bulls, LDO will be able to break through Resistance 1 and reach Resistance 2 at $3.23. 

Since there has been a formation of green candlesticks, we could expect the market to go up. Hence, if LDO is forming the handle, the current scenario presents an excellent entry point. However, buyers should watch out and exit the market when the tip of the handle is formed. 

Lido Dao (LDO) Price Prediction – Resistance and Support Levels

When looking at the chart we can see that Lido DAO formed the Adam and Eve pattern. Usually when a token forms an Adam and Eve pattern the bottom should be of the same level, nonetheless the above Adam and Eve pattern doesn’t conform to these conditions. 

The first bottom (Adam’s bottom) is on Support 2 while the second bottom (Eve’s bottom) is on Support 1.  However, when an Adam and Eve formation is spotted, we could expect the prices to go higher, after the token breaks out of this pattern. Nonetheless, LDO fails to live up to the criteria of the Adam and Eve pattern as it has started descending after breaking the Adam and Eve pattern. 

Currently, LDO is fluctuating in a falling wedge, hence we could expect the prices to shoot up at any given moment. 

When considering the gap between Resistance, we could see that there seems to be a uniform distance between each Resistance level from Resistance 1 to Resistance 4. And the gap between the two Support levels is also quite similar. However, the gap between Resistance 1 and Support 1 is quite large.

This shows that there’s no place for LDO to consolidate between Resistance 1 and Support 1, and since LDO is currently in between the above-mentioned Resistance and Support levels, we could expect it to make a move either up or down. But it is more likely that it may move upwards. 

Lido DAO (LDO) Price Prediction 2024

The positive sentiment that comes with the news of Bitcoin halving could directly impact the price of LDO. Since 2024 is a year of Bitcoin halving, and most cryptocurrencies respond in the same trend as Bitcoin, we could see the price of LDO trade at $9.25 by the end of 2024.

Lido DAO (LDO) Price Prediction 2025

By the end of 2025, the Lido DAO (LDO) price could rise to $14.21231. This is because of the price surge a year after Bitcoin halved. It is also considering that more developments will be introduced into the Lido DAO platform to ensure more investors are attracted to a stake in its decentralized finance (DEFI) products.

Lido DAO (LDO) Price Prediction 2026

With the number of LDO hodlers on the increase and the growing sentiment about cryptocurrencies, LDO has the possibility of holding most of its recent gains and consolidating. Hence, the price of LDO could trade around $18.40 by the end of 2026 due to the bear market that serves as a market correction after a strong bullish run.

Lido DAO (LDO) Price Prediction 2027

By the end of 2026, most investors will be preparing for a possible trend reversal in the direction of the bulls. This is due to the possibility that the market has attained its minimum support level. The price of LDO could surge to $22.84 by the end of 2027.

Lido DAO (LDO) Price Prediction 2028

In 2028, there will be Bitcoin halving. Hence, the consolidating market in 2027 could be followed by a bullish run. This is due to the impact of news surrounding any year of Bitcoin halving. Therefore, the market could attain a higher high-value Lido DAO (LDO) could hit $27.64 by the end of 2028.

Lido DAO (LDO) Price Prediction 2029

By 2029, there could be much stability in the price of most cryptocurrencies that had stayed for over a decade. This is due to implementing some lessons learnt to ensure their investors retain the project’s confidence. This impact, coupled with the price surge that follows a year after Bitcoin (BTC) halved, could surge the price of LDO to $34.733 by the end of 2029.

Lido DAO (LDO) Price Prediction 2030

The cryptocurrency market experienced high stability as a result of the hodling activities of early investors so as not to lose future gains in the price of their assets. We could expect the price of Lido DAO (LDO) to trade around $41.524 by the end of 2030, irrespective of the previously bearish market that followed a market surge in the earlier years.

Lido DAO (LDO) Price Prediction 2040

According to our long-term Lido DAO price estimate and If the current growth rate continues, we could anticipate an average price of $92 by 2040. If the market becomes bullish, the price of Lido DAO may increase beyond our 2040 forecast.

Lido DAO (LDO) Price Prediction 2050

According to our Lido DAO forecast, the average price of Lido DAO in 2050 might be above $220. If more investors are drawn to Lido DAO between these years, the price of Lido DAO in 2050 could be far higher than our projection.

Conclusion

If investors continue to show interest in Lido Dao and add these tokens to their portfolio, then, it could continue to rise up. LDO’s bullish price prediction shows that it could reach the $3.5 level.

FAQ

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.