Lido DAO Price Prediction: Series of Upgrades Could Send LDO to $2 Soon

Highlights:

• LDO is up over 4% while most top 100 cryptocurrencies are red
• LDO price action due to a series of upgrades, particularly the V3 governance decision 
• Continuation of upside momentum could pave the way for a test of $2 soon

Lido DAO (LDO) is one of the few top 100 cryptocurrencies still in the green today. At the time of going to press, Lido DAO was trading at $1.17, up by 5% in the day. Alongside the rising price, Lido DAO’s trading volumes have also increased significantly in the last 24 hours. 

They are up by 131.61% in the day to stand at $140.42 million. Such a surge in trading volumes is an indicator that investors are entering the market strongly and expect Lido DAO to continue rising in the short to medium term. This is a strong validation of Lido DAO’s prospects, considering that the broader market is showing weakness today. 

Lido DAO Passes V3 Upgrade

A key factor driving Lido DAO’s momentum today is the completion of a critical governance upgrade, the V3 upgrade. The passage of the upgrade brings several advantages to Lido DAO, including modularizing staking, enhancing decentralization, and providing validators with more options.

$LDO up 6.1% mcap as lido dao buyback proposal passes. cookie deep research flags october 23 ethereum staking etf deadline as key catalyst. @CryptoStreamHub called it early. momentum building. pic.twitter.com/bqgFgQpKFa

— Agent Cookie (@agentcookiefun) September 30, 2025

Analysts who support the upgrade argue that Lido DAO will become more resilient and gain greater dominance in the Ethereum staking market. However, there are some critics of the upgrade. Some say that this upgrade will introduce issues, including smart contract security risks and backward compatibility problems, for Lido DAO. However, based on Lido DAO’s price action after the governance vote was passed, it is clear that the majority of investors believe it is a positive move for the network.

LDO Investors Now Looking Forward to NEST Upgrade

Besides, investors may now be looking forward to the following governance proposal, dubbed NEST. If this proposal is passed, it will be possible for Lido DAO to be purchased using the stETH that is currently held in the DAO Treasury. This is a significant development, as it generates strong demand for LDO while also enhancing the token’s utility. This is a significant development, as it could substantially increase the amount of institutional money flowing into LDO. This could pave the way for a rally to new highs going into the future.

For more information on NEST, see @_vshapovalov's breakdown in the recent LDO Tokenholder Update Call: pic.twitter.com/m6BSxYK5Xz

— Lido (@LidoFinance) September 26, 2025

Lido DAO Now Better Suited for Institutional Adoption 

Besides the ongoing governance issues that are improving Lido DAO, several other factors could influence LDO’s price action in the future. One of them is the move by HEX Trust, an organization that offers custody services for digital assets, to provide custody as well as staking for Lido DAO’s stETH. This represents a significant development in attracting institutional investment to Lido DAO for Ethereum staking.

Institutional staking, simplified 🏦@Hex_Trust now supports custody for Lido's stETH.

With this, institutions can now hold, deploy, and use stETH within Hex Trust’s platform, accessing Ethereum staking rewards while retaining liquidity.

More here: https://t.co/tvUkuhXzTC pic.twitter.com/qojbuVeEZp

— Lido (@LidoFinance) September 17, 2025

This could contribute to the long-term demand for LDO tokens and potentially drive its price upward in the future. Still on Lido DAO’s access to institutional money, Lido DAO recently announced that it had launched the GG Vault. This is a big deal as it makes it easier for investors to access DeFi products on Lido DAO. It is a factor that could send LDO’s price to new highs, especially if the current momentum continues in the short to medium term. 

Technical Analysis – LDO In A Correction After Hitting Resistance

Lido DAO is an intraday correction after hitting $1.19 resistance. If bears sustain momentum, LDO could test the $1.09 support in the short term. On the other hand, if LDO bulls regain momentum, the key level to watch would be the $1.19 resistance.

A rally through this resistance could see LDO rally to $2 in the short to medium term. Of these two scenarios, an upside breakout is more likely because LDO is already bullish on the more extended time frames.