Lido rallies 21%, hits 2-month high – Can LDO bull

Lido rallies 21%, hits 2-month high – Can LDO bulls hold on?
LIDO DAO surges 21% to a 2 months high as investors rush into the market following Blackrock’s filing of ETHA staking

Key Takeaways
LIDO surged 21.53% hitting $1.15, then retraced to $1.13. Buyers rushed into the market following Blackrock’s filing for ETHA staking, scooping up over 60 million tokens. 

Lido [LDO] rallied 21.53% reaching a 2-month high of $1.15 before slightly retracing to $1.13 by press time. 
As a result, the altcoin’s market cap reclaimed $1 billion mark for the first time in two months. At the same time, its trading volume surged 219.9% to $471 million, reflecting growing demand and network activity.