ETH - Already Up 150% Can This Crypto Continue to Outperform Ethereum This Year?
2023-03-13 06:00:00 ET
Ahead of the planned upgrade for Ethereum (CRYPTO: ETH) known as Shanghai this month, interest around staking is surging. Arguably one of the biggest beneficiaries around this burst of new interest in staking is Lido DAO (CRYPTO: LDO) , which is up almost 150% this year. That far outpaces the year-to-date gains of Ethereum, which is up 28%.
But for Lido DAO to continue to outperform Ethereum this year, two key questions need to be addressed.
In 2022, staking became a buzzword in the crypto industry, thanks in large part to Ethereum's conversion from a proof-of-work blockchain to a proof-of-stake blockchain as part of The Merge.
For further details see:
Already Up 150%, Can This Crypto Continue to Outperform Ethereum This Year?