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Crypto News: Lido DAO, Rocket Pool (RPL), Prices skyrockets. Here’s why

Crypto News: The upcoming Shanghai upgrade of the Ethereum network has been a topic of conversation for the past week. Lido DAO and Rocket Pool were also mentioned. The Crypto market saw a general decrease of 2.35% in the last 24 hour, but many assets suffered, while some tokens such as LDO and RPL experienced exponential gains. A recent tweet by Coinbase CEO Brian Armstrong pushed Lido DAO’s price rise.
Armstrong, as previously reported by Coingape has heard rumors from the U.S. Securities and Exchange Commission that they are planning to ban crypto staking for retail investors.

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According to CoinMarketCap Lido DAO and Rocket Pool’s native tokens soared almost 11.22% and 15.83% respectively in the last 24 hour. Many investors attribute this price rise to Ethereum’s upcoming Shanghai upgrade, which will allow users to withdraw their staked Ethereum tokens.
Rocket Pool – A decentralized Ethereum stake pool
Rocket Pool is an Ethereum staking pool decentralized that allows users to earn a commission by staking Ethereum and additional RPL. Rocket Pool also offers liquid staking and smart nodes, which allows anyone to run a node in its network.
Source – CoinMarketCapRocket Pool is trading at $46,090.877 per hour. Its current price is $46.98. RPL has increased 13.83% over the past seven days. More crypto news can be found here…
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Lido DAO – Offers DeFi lending services
Lido DAO is a staking platform, which also offers DeFi lending services. There are no minimum deposits.
Source – CoinMarketCap
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He tweeted Wednesday, “I hope that’s the not the case because I believe it would a terrible pathfor the U.S. If that were to happen.” The token gained around 11% within the first hour of the comments, and has risen around 11.22% over the past 24 hours, with a trading volume $633,142,000.167
Also read: Breaking: Crypto Market Falles After US Fed’s Williams Support 5-5.25% rate Hike

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The content presented may contain the author’s personal opinion and is subject to market conditions. Before investing in cryptocurrency, do your market research. The publication or the author are not responsible for any financial loss.

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