Lido DAO Breaks Out Of Correction Phase.

Lido DAO Breaks Out Of Correction Phase.
Lido DAO operates as a decentralized autonomous organization offering staking services across various blockchains. It is particularly known for its liquid stacking feature on the Ethereum network, where users can stake their ETH and in return, obtain ETH tokens. These tokens symbolize the ownership of the staked ETH and any earned staking rewards.

Lido DAO has made a remarkable recovery, emerging from a downturn following the effective management of a security breach involving Numic. The incident, identified on May 14, stemmed from an illicit intrusion into a Numic developer's system, which led to a 40% uptick in Lido DAO's price.

The LDO crypto has enjoyed a surge exceeding 45%, surpassing many leading cryptos. With the overall market mood being upbeat, there's a strong possibility that Lido DAO will continue its ascent, potentially reaching its yearly peak of $4, which would represent a 50% increase in value for the coming month