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.
Source Fool.com
