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LDO Continues to Rise with the DeFi Throne

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LDO is up double digits every week, even MakerDAO has reclaimed its DeFi throne. After failing to challenge $17,000 for several days in a row, bitcoin finally reached this level, hitting for several weeks. Altcoins also turned green on Saturday, with big gains from Ethereum Classic and Lido DAO.

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Bitcoin is Worth $17,000

The end of 2022 was pretty quiet for the main cryptocurrency, and the first day of the new year did not bring any more happiness, as it remained around $16,500. The picture started to change on Monday with a slight reversal from the bulls at $16,700.

BTC tried to move closer to $17,000 in the next few days, but in the end this did not happen. Yesterday’s final rejection raised the economy of the south by a few hundred dollars.

However, bitcoin touched $17,000 a few hours ago, doing so for the first time since December 20. It has lost ground for now and is sitting below, but is still up about 1% on the day.

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LDO, ETC Run

Earlier this week that Lido DAO (LDO) has emerged as the leader in total value locked, surpassing MakerDAO. Although the latter regained its high status, the former cryptocurrency continued to rise.

The latest move came earlier today as LDO jumped into the double digits and hit $1.5. This became its highest price in about two months. Another popular player on the daily scale is Ethereum Classic. ETC is up 10% and trading above $20. Litecoin and Polygon rose significantly among the top 15 cryptocurrencies, gaining up to 4%.

Ethereum, Binance Coin, Ripple, Cardano, OKB and Polkadot are up 1-2% in the last 24 hours. Cryptocurrency prices have recovered all of yesterday’s losses and are back above $820 billion.

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