While $ADA remains in the uptrend, $APT and $LDO are already breaking down, but there's a silver lining
, but at the same time, it gives investors an important signal about the state of Ethereum staking. The price performance of LDO is directly tied to the amount of ETH that is staked on the network.Whenever the network sees an influx of staked volume, LDO enters the local uptrend as the demand for the token rises, since many investors choose Lido Finance as their main tool of gaining liquidity while locking Ether in smart contracts.
However, apart from a stalemate in Ethereum staking, the price performance of LDO could also be a reflection of the rising competition in liquidity provision industry as more projects with business models similar to Lido's appear in the space, while offering way more flexible terms for investors.led to the massive reversal of the token on the market as it lost almost 20% of its value almost immediately.
Aptos' trading volume has been slowly descending since the token reached the local high on Jan. 26, and it will most likely be the main reason behind the reversal as retail traders are massively closing their positions after a series of liquidations.
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