Altcoin Momentum

Ethereum charges forward after a brutal few months of loses. Ether price rallies over the weekend bringing it to the mid $1400's. This is roughly a 40% increase off the lows last Wednesday.

While Ethereum has broken out Bitcoin is still fighting to reach above the $22,000 mark. Ethereum has made up ground relative to Bitcoin over the past few days. Over the previous months many have fled to Bitcoin raising the market share over 50%.

Several alt coins have been riding off Ether's momentum too. Let's take a look at some of the weekly gainers CoinMarketCap.

• BNB: 12%

• Solana: 18%

• Polygon: 62%

• Lido DAO: 151%

What is Lido DAO?

Lido DAO is a staking app for Ether while allowing people to do other on chain activities like lending. Lido Eth is a version of Eth that will be redeemable for Eth after highly anticipated merge in September. Since Ethereum will turn to a proof of stake, Lido locks users Ether and allows users to earn interest on their deposits.

Users seem to be getting excited in anticipation of the merge and if successful, will completely revolutionize Ethereum and how it was truly suppose to run.