Lido DAO Leads Top Crypto Gainers, Some Experts Bullish on 99Bitcoins Token To Pump Next
The post Lido DAO Leads Top Crypto Gainers, Some Experts Bullish on 99Bitcoins Token To Pump Next appeared on BitcoinEthereumNews.com.
Ethereum staking protocol, Lido DAO, has booked the strongest gains amid a crypto market recovery. On the presale front, the 99Bitcoins token is leading the way, with its total raise surpassing $2.2 million. LDO Price Pumps on Claims That the SEC Will Drop Ethereum Probe Lido DAO has spearheaded the market’s recovery today following claims that the United States Securities and Exchange Commission (SEC) will close its probe into whether ETH is a security. SEC letter declares war on Ethereum over. pic.twitter.com/rbtsgoe64Z — Altcoin Daily (@AltcoinDailyio) June 19, 2024 Ethereum developer Consensys initially revealed the development on X. “The Enforcement Division of the SEC has notified us that it is closing its investigation into Ethereum 2.0.” The outfit regards this as “a major win for Ethereum developers, technology providers, and industry participants.” However, Consensys intends to pursue the SEC regarding the regulatory status of MetaMask Swaps and Staking. “We also seek a declaration that offering the user interface software MetaMask Swaps and Staking does not violate the securities laws.” Ethereum ecosystem prices have surged as a result. Its total market cap is up 3.5%, per the latest CoinMarketCap data. This comes after intense selling pressure through recent weeks, with the total crypto market cap down over 10% from its high in early June. Lido DAO is leading the recent recovery. It is the best-performing top 100 crypto today, up 16% in the past 24 hours and 27% this week. Currently priced at $2.35, LDO holds a $2 billion market cap and a $311 million 24-hour trading volume, up 35%. Since Lido DAO is Ethereum’s largest staking crypto, Consensys’ remark about pursuing the SEC regarding staking is likely behind its strength. Renowned market commentator Will suggests that “LDO may finally get its time to shine in July.” He underscores fundamental developments…
Filed under: News - @ June 19, 2024 6:12 pm