Lido, Ethereum Classic And Optimism Rally After Merge Announcement

Lido, Ethereum Classic and Optimism rally after an announcement about the Ethereum merge that is set to happen on September 15.

The news of the Ethereum merger sparked a surge in a number of alternative cryptocurrencies, including Lido Dao, Optimism, and Ethereum Classic. Analysts are still determining if the rally is long-lasting, though.

Lido, Ehtereum Classic And Optimism Make Gains

Other cryptocurrencies like Ethereum Classic, Optimism, and LDO have all recently appreciated as a result of the Ethereum Merge. These have all had significant advances during the previous few weeks.

Ethereum holders’ confidence in the likely outcome of the merger was earlier strengthened by the Goerli testnet’s success. The pricing of Ethereum Classic, a PoW network, also reflected this attitude. Despite his support for the Ethereum Classic network, Vitalik Buterin pushed users to switch to the chain’s proof-of-work consensus algorithm.

Due to the recent increase in the price of Ethereum, Lido DAO’s platform has performed well. It increased by 15% during the previous two weeks. The Lido DAO platform, a well-known supplier of services for staking smart contracts, has put more than 4 million ETH into the Eth2 contract. On behalf of its clients, it has also been able to stake more than 1.55 million ETH.

ETH Classic Might Test $80 Level

Investors have become interested in Ethereum Classic due to the advent of the Proof-of-Work consensus mechanism and the expanding infrastructure of the platform. Vitalik Buterin thinks the project’s rising popularity is a positive indication for the future.

The price of Ethereum Classic is now hovering at $41.86. The fact that it is maintaining above the bottom threshold of an ascending channel indicates that the rally is still ongoing. The stochastic oscillator’s positive divergence indicates that the price will rise further.

Optimism Might React $2.24

In the last two weeks, Optimism, an Ethereum roll-up service that collects data on large transactions, has increased by 10%. The platform’s roadmap was designed by the platform’s creators to increase productivity and scalability.

Analysts predict that when the firm announces its switch to a proof-of-stake system, the OP price will increase significantly. By the end of the year, the OP price may have reached its aim of $2.245. The token price may increase now that it has surpassed the psychological threshold of $1.54.

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