Is it too late to buy LDO? This meme coin could topple Shiba Inu

Last updated: May 22, 2024 2:57 pm EDT | 2 minute read

LidoDAO price increases by 26%: is it too late to buy LDO? This meme coin could overthrow Shiba Inu / Source: Cryptonews

LidoDAO (LDO) price continues to trade sharply higher since the start of the week as bets for the growth of the Ethereum ecosystem spill over into expectations that the SEC is on the verge of approving Ethereum spot ETFs, with some who ask if it’s too late to buy I DO.

I DO it is native encryption of Lido decentralized Ether staking platform. It also serves as the governance token of the Lido’s decentralized autonomous organization (DAO) which governs the Lido protocol.

LidoDAO price last changed hands just above its 50DMA at $2.075. This is an increase of 26% in the last 7 days, according to CoinMarketCap.

The LDO is now up about 37% from previous monthly lows around $1.50. Even though investors who step in now won’t buy the market at its local low, that doesn’t mean it’s too late to buy LidoDAO.

Is it too late to buy LidoDAO? Here’s why it isn’t

The LDO remains down nearly 50% from January highs above $4.0. But if the Ethereum The ecosystem is about to see massive ETF-led growth, as one of its core protocols, LDO, could go much higher from here.

If ETH Reaches $5,000 by June, Which Decentralized Options Markets Would Rely On DeFi The derivatives market, according to Lyra, has a 20% probability, so the LDO could quickly double to yearly highs.

But LDO’s modest market capitalization of $1.8 billion suggests that gains of more than double could occur in this bull market.

LDO could see at least 5x gains to become a $10 billion market cap cryptocurrency. In this sense, it is definitely not too late to buy LidoDAO.

Crypto Alternative to Consider – Meme Coin Wiener AI (WAI)

While 5x earnings potential is more than enough for most investors, some highly risk-tolerant individuals will aim for greater upside.

These investors should monitor the market emerging meme coins.

Most newly launched meme coins fail or do not hold value in the long term.

But if supported by a savvy marketing team that knows how to build a community, a new meme coin could easily 100x.

Cryptonews analysts think so Vienna AI (WAI) is one of these coins.

THE memetic currency the market is oversaturated with Shiba Inu themed coins that boast little to no real utility.

The sausage dog-themed Wiener AI offers a new twist to the meme coin space.

Meme coin is also provided Integrated AI trading capabilitiesdifferentiating it from other coins with no utility such as Shiba Inu.

It’s no surprise to see that Wiener AI has already grossed over $2.6 million in its pre-sale.

WAI is also a jewel of passive income. Presale investors are currently earning a whopping 381% APY, according to the project Official site.

At this rate, investors can double their initial pre-sale investment in just a few months. 20% of the offering went towards staking rewards.

Potential WAI investors need to move quickly. The price of the WAI will increase when pre-sale reaches $2.7 million.

At the current price of $0.000709, WAI’s market capitalization is less than $50 million.

If it achieves market leadership, early investors could benefit greatly, with earnings potential of 100x or more.

Buy Wiener AI here

Disclaimer: Cryptocurrencies are a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all your capital.

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