• Lido DAO (LDO) and Terra Classic (LUNC) have been two of the biggest crypto gainers in the last 24 hours.
• LDO is trading at around $1.03 and is looking to see some more upward movement.
• Rumours that Coinbase has approved the purchase of $245 million worth of LUNC are currently circulating around the LUNC community.
The global cryptocurrency market has shown some signs of recovery towards the end of this year. Bitcoin (BTC) and Ethereum (ETH) are two of the most commonly used cryptocurrencies, and both coins managed to stay steady on Friday around the $16,000 and $1,200 price ranges respectively. Many other cryptocurrencies, like Lido DAO (LDO) and Terra Classic (LUNC) have also seen green spikes on their price charts.
LDO has experienced a decent growth in price today and is one of the top gainers in the past 24 hours when considering the top cryptocurrencies. As one of the best staking solutions for Ethereum, LDO has been increasing in terms of price in the last couple of days already. This increased even further today, as the token seems to have risen by more than 7%. At the time of writing, LDO is trading at around $1.03 and is looking to see some more upward movement. LDO provides a unique use case, and with the increasing use of Ethereum and its related ecosystems, it would make sense for a project like LDO to shoot up even more in the upcoming days or weeks.
LUNC has also seen some huge gains over the past 24 hours. Rumours that Coinbase has approved the purchase of $245 million worth of LUNC are currently circulating around the LUNC community. This is likely to have a positive effect on the price of the token, although it is yet to be confirmed. If the rumours are true, it could be a great opportunity for investors to get in on the ground floor of a potentially huge project.
Overall, the crypto market is starting to show signs of life again after a difficult year. The increasing adoption of cryptocurrencies, along with news from companies like Coinbase, suggests that the industry is likely to continue its growth in the upcoming months. With two of the biggest crypto gainers over the past 24 hours being LDO and LUNC, investors should keep an eye on these tokens for any further developments.