fxs_header_sponsor_anchor

Cryptocurrencies Price Prediction: Lido DAO, ETP & Cryptos – American Wrap 20 November

Lido DAO price rally could continue amidst accumulation by institutions and bullish on-chain metrics

Lido DAO token (LDO), a liquid staking token, is likely being accumulated by crypto asset management firms like Amber Group and trading firms like FalconX. Two catalysts, LDO accumulation by institutions and bullish on-chain metrics, could drive LDO price higher. 
Global cryptocurrency exchange-traded products (ETP) have seen a significant uptick in 2023, reportedly outpacing the growth of underlying assets, according to a report by the digital asset platform Fineqia, seen by Cointelegraph.

In addition to the Sam Altman controversy, the graphic card manufacturer NVIDIA’s earnings are set to be released on Tuesday, which has added a tailwind to these tokens.

  • Render Token rallied 60% in the last five days.
  • Fetch.AI has inflated by 55% in the last six days.
  • Ocean Protocol’s OCEAN token has soared 43% in the last six days as well. 
  • Worldcoin bounced by 50% in just two days but is retracing lower due to the Altman controversy. 

The crypto markets are likely to move freely this week due to the lack of major macroeconomic events.

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.