Lido is a liquid staking solution for PoS blockchains such as Ethereum (after The Merge), Solana (SOL), Polkadot (DOT), and Polygon (MATIC). Traditionally staked assets used in proof-of-stake blockchains are locked for a period of time, and users cannot use them for anything else, even staking. Lido crypto solves this, as it issues 1:1 tokenized versions of staked assets, which can then be used to earn additional yield from other protocols while still receiving rewards from staking on the coins deposited on Lido.
Lido DAO coin is LDO, an ERC-20 token used for governance and native utility. It is also used to reward users on the network.
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Amazing bullday for the alts. We lowered our $BTC allocation to 10% in order to profit from this alt-weekend. We took a 5% position in $MINA as we expect it to pop in the next few hours. We will sell it, when it does. It could spike 40-50% in the blink of an eye.
We took some profits in our $SOL position as well. It is reaching possible resistance at 80usd.
We added slightly to our $LDO as we expect it to pop when $ETH continues to grind higher.
We've bet heavyly on $ETH following $BTC in this strong upmove. Although we were slightly too early in that trade, we see signs that the tide is turning and it's time for The Queen to run. Today the $BTC value of $ETH shot up from the supportzone and shows relative strength. $ETH is above resistance at 2.1k as well and consolidated above that resistance. We think we are very early in the $ETH trade.
With our 30% in $ETH and 7.5% in $LDO we are well positioned for an $ETH rally. We are only 15% in $BTC right now because we are selling our $BTC in this strenght. Should $BTC push to 48k, we would even lower it to 10% but we will never go below ten percent.
Once $ETH and the alts take over, this aggressive positioning could pay-off massively. We will take those alt-profits back to $BTC (and maybe to $PAXG and a stblecoin as well, when market become overheated.).
For now we stay 100% in the markets, enjoying the bullrun.
Very glad to see $RUNE and $INJ performing so strong. They keep proving they are the best of best of alts in this bull market. $SOL seems ready to pop as well and keeps showing relative strength.
$ETH and its faster sister $LDO are somewhat lagging $BTC and the strongest alts, but we assume that when the $BTC ETF approval mania hits his high, the news will be sold and the smart money will move to $ETH , the next ETF-approval candidate.
Traditionally year end is good for $BTC and the first months of the new year are strong for $ETH . If history rhymes, we will be ready to profit.
🚀🚀
As the bull seems ready for another upleg after the recent small correction, we reposition more agressively.
We readded outperforming $SOL and we added the star of this bullmarket so far $RUNE.
We sold $XRP as it continues to disappoint. We still think $XRP might be one of the best performers of this bullmarket, but it is hard to trade due to its history of big spikes that are sold off immediately. We wait for a solid uptrend in $BTC value that we can trust before investing back in $XRP.
We still expect $ETH to outperform $BTC from here and we think the narrative of the $BTC spot-ETF approval will quickly change to the $ETH spot ETF approval. That's why we increased our stake in $LDO as well.
Let's go! 🚀🚀🚀
$OSMO 👀🤔