SOL - Crypto Rebound Leads to Surges in Solana Ethereum and Lido DAO
With 2022 in the rearview mirror, investors appear to be looking at the new year with fresh eyes and a much more bullish perspective. For crypto investors, this is certainly the case, with the overall cryptocurrency market having appreciated more than 4% over the past 24 hours as of noon ET.
Among the leading outperformers today is Solana (CRYPTO: SOL) , which has surged 23.6% over the same period. This incredible move appears to be the result of newfound enthusiasm over the Solana network as a result of the recent airdrop of BONK, another Shiba Inu-themed meme token. This airdrop corresponded to various Solana-based NFT projects and has led to a sharp increase in network activity over the past week.
As of noon ET, Ethereum (CRYPTO: ETH) has spiked a respectable 5.8%, but Ethereum liquid staking platform Lido DAO (CRYPTO: LDO) has vastly outperformed, surging 26.4% over the past 24 hours. This move appears to be tied to expectations that liquid staking platforms, such as Lido, could see outsized volume increases, particularly in derivatives trading.
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Crypto Rebound Leads to Surges in Solana, Ethereum, and Lido DAO