Advanced crypto strategist and trader Pentoshi has highlighted the potential for significant growth in two alternative cryptocurrencies. In a statement made to his 847,800 followers on social media platform X, he noted that Ethereum $3,186-based Lido DAO ($1.96) (LDO ($1.90)) is gearing up for a significant price movement.
Upside Potential for LDO
Pentoshi anticipates that LDO will attract traders to take long positions due to U.S. regulators potentially approving the staking of ETH ($3,185.96) in spot Ethereum exchange-traded funds (ETFs). This development could provide a positive momentum for LDO.
Pentoshi stated, “As applications come in, there could be a major correction in LDO’s price. If you believe ETH staking will be approved, LDO is likely a good investment. The price is rapidly increasing and beginning to reflect this situation.”
Impact of ONDO Finance and t…
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