Lido DAO (LDO) has experienced a significant surge in the last 24 hours, with the token jumping 9.91% to reach $1.28, according to data from CoinMarketCap. This rally was accompanied by a substantial increase in trading volume, which spiked by 122.74% to $391.95 million. The Total Value Locked (TVL) also saw a notable uptick, climbing to $38.17 billion.
The recent surge in LDO’s price and trading activity marks a turnaround for the protocol, which had experienced a significant outflow of funds earlier in the year. In January, TVL peaked near $35 billion before over $20 billion exited the protocol, signaling a shift towards short-term positions. However, the recent influx of funds back into the protocol indicates a renewed investor confidence and a positive outlook for the token.
Off-chain data also suggests that investors are positioning for further gains, with liquidity being supplied in a pattern consistent with bullish sentiment. Funding rates on centralized exchanges have turned positive, indicating that more contracts in the derivatives market are being opened by long traders. Additionally, Open Interest has risen by $35 million to $273.66 million, signaling a rise in bullish positions.
Spot market sentiment has also shown a positive shift, with $1.71 million in net outflows from exchanges on August 10th, indicating that tokens are moving into private wallets. This accumulation signal suggests that spot buyers are stepping in, further supporting a bullish outlook for LDO.
In its latest Q2 report, Lido DAO highlighted positive performance metrics for its staking protocol, including growth in staked token distribution and maintaining the largest share of staking in the public cloud. This update may have contributed to LDO’s recent rally and the shift in sentiment towards a bullish bias in the spot market.
Overall, the recent surge in LDO’s price and trading activity, along with positive off-chain data and performance updates, indicate a strong bullish momentum for the token. If the current trend continues, LDO could potentially aim for a break above $1.50, with $2 as the next technical target. Stay tuned for more updates on Lido DAO and its performance in the crypto market.
Next: Crypto market’s weekly winners and losers – AERO, LDO, XMR, TON The Benefits of Meditation for Mental Health
Meditation is a practice that has been around for centuries, but it has gained significant popularity in recent years as more and more people are discovering the mental health benefits that come with regular meditation practice. In this article, we will explore some of the ways in which meditation can improve mental health and overall well-being.
One of the key benefits of meditation is its ability to reduce stress and anxiety. By focusing on the present moment and practicing mindfulness, individuals can learn to let go of worries about the future or regrets about the past. This can help to lower levels of the stress hormone cortisol in the body, leading to a greater sense of calm and relaxation.
Meditation has also been shown to improve mood and boost feelings of happiness and well-being. By training the mind to focus on positive thoughts and emotions, individuals can cultivate a more positive outlook on life. This can help to combat feelings of depression and increase overall feelings of contentment and satisfaction.
In addition to reducing stress and improving mood, meditation can also enhance concentration and focus. By practicing mindfulness and training the mind to stay present, individuals can improve their ability to concentrate on tasks and stay focused on the task at hand. This can be particularly beneficial for those who struggle with attention deficit disorders or have difficulty staying on task.
Furthermore, meditation has been shown to improve sleep quality and reduce symptoms of insomnia. By calming the mind and reducing stress levels, individuals can experience a deeper, more restful sleep. This can lead to increased energy levels, improved cognitive function, and a greater overall sense of well-being.
Overall, the benefits of meditation for mental health are vast and varied. By incorporating a regular meditation practice into your daily routine, you can experience reduced stress and anxiety, improved mood and happiness, enhanced concentration and focus, better sleep quality, and an overall greater sense of well-being. So why not give meditation a try and see the positive impact it can have on your mental health?