from the protocol that sought an increment of the 10% APR limit for Oracle report to 17.5%, Lido stated that the increment in APR limit on 9 November had to happen because “the Oracle limit was set before the Merge and hadn’t accounted for potential Execution Layer rewards spikes.”“The 10% yearly threshold had been chosen before the Merge and hadn’t accounted for potential spikes in daily rewards accrued by the protocol.
This sort of disparity in LDO’s price and trading volume in the last 24 hours indicated that there was low conviction in the upward movement of the alt. Therefore, a price reversal or consolidation would follow this until investors’ conviction increases. At the time of writing, the 20 EMA was below the 50 EMA line. Thus, holders were more interested in distributing their assets.
The scenario of Bitcoin going to zero does not exist anymore. BTC is playing much the same role as gold did in the early days of banking. You all should Follow lynn_v1 she knows her stuff when it comes to BTC and other Cryptos,her tweet have been really helpful over the years
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