Here’s why the Lista DAO token price is pumping
Lista DAO token pumped on Monday, soaring to its highest level since January 18 as the BNB Smart Chain ecosystem boomed.
- Lista DAO token surged as the BSC network gained momentum.
- BNB price surged to a record high as bulls eyed $1,000.
- The total value locked in the Lista DAO has jumped by 40% in the last 30 days.
Lista Dao (LISTA) surged to $0.3628, up by over 222% from its lowest level this year. This surge has brought its market capitalization to over $74 million and its fully diluted valuation to $334 million.
Lista DAO price jumps amid BSC boom
The ongoing LISTA price surge coincided with the ongoing Binance Coin (BNB) rally. BNB jumped to a record high on Monday, continuing a trend that started a few months ago.
Its rally triggered similar upside among tokens in its ecosystem. For example, PancakeSwap (CAKE) jumped to $3.4, its highest level since February, while THENA soared by over 5%.
Lista DAO token also jumped as the total value locked in its ecosystem soared to $1.68 billion, up by 40% in the last 30 days. It was one of the best-performing DeFi tokens in BSC in terms of its asset growth.
Lista DAO offers numerous services. It has an AAVE-like lending protocol with over $1.3 billion in assets. This service helps users borrow and lend stablecoins in a decentralized manner.
Lista also has a liquid staking feature that lets users earn about 18.86% for just holding BNB tokens. Over 964,593 BNB tokens worth over $816 million are staked in its platform, a figure that has been in a strong growth in the past few months.
Lista DAO price technical analysis
The daily chart shows that the Lista token has been in a strong bull run in the past few months. It has moved above the year-to-date low of $0.1090 in April to the current $0.3560.
The token has formed close to a golden cross pattern as the 200-day and 50-day moving averages are about to cross each other. It has moved above the $0.3281, the upper side of the ascending triangle pattern, one of the most bullish continuation patterns.
Lista price has moved above the 38.6% Fibonacci Retracement level at $0.3253. Therefore, the token will likely continue rising as bulls target the key resistance point at $0.50.
