Analyst Predicts ‘Violent’ Rallies for Ethereum-Based Altcoin, Says RWA-Focused Coin a Good Short-Term Play

A widely followed crypto strategist and trader thinks that rallies are in sight for two altcoins amid upcoming catalysts.

Pseudonymous trader Pentoshi tells his 847,800 followers on the social media platform X that he thinks the Ethereum (ETH)-based automated staking service Lido DAO (LDO) is gearing up for a steep move up.

The analyst believes that traders will enter long positions on LDO amid speculations that US regulators will approve the staking of ETH held in spot Ethereum exchange-traded funds (ETFs).

“LDO

Probably violent repricing when the filings come in the next couple of weeks… If you believe ETH staking will be approved, then LDO is likely a great bet.

So far, the price seems to be appreciating rapidly and has begun to start to price this in.” 

Image
Source: Pentoshi/X

Looking at the trader’s chart, he seems to be targeting $3.612 for LDO. At time of writing, LDO is worth $1.95

Another altcoin on the trader’s radar is Ondo Finance (ONDO), a decentralized finance (DeFi) protocol that aims to tokenize real-world assets (RWAs). Pentoshi says the ONDO Summit 2025 slated for February 6th could fuel short-term rallies for the crypto asset.

“ONDO summit coming up in [10 days].

BlackRock’s chief investment officer will be speaking and they have many connections there that will likely lead to some speculation short-term.

Price could potentially move up leading into the event followed by a sell-off on whatever news it may be. Might be a good short-term play.

One-12 days.”

The trader also highlights that he plans to unload his ONDO stack just before the event.

At time of writing, ONDO is worth $1.29.

Comments

Post a Comment

Popular posts from this blog

Bitcoin has been declared ‘dead’ more times in 2025 than all of 2024

Image
Summary ⚈ Despite hitting new highs in 2025, Bitcoin has already faced 11 “death” declarations, more than all of 2024. ⚈ Bitcoin has faced 430 such declarations since its inception. ⚈ High-profile figures like Peter Schiff, Eugene Fama, and Anatoly Yakovenko continue to dismiss Bitcoin. Despite hitting a new record high in 2025, Bitcoin (BTC) faces a sustained wave of skepticism, reflected in a growing number of ‘death’ declarations. In the first half of 2025 alone, Bitcoin has faced 11 obituary declarations, surpassing the 10 recorded throughout all of 2024, according to data retrieved by Finbold from Bitcoin Obituaries on May 14. A Bitcoin obituary is a public claim, often by critics or institutions, that Bitcoin is worthless or doomed, usually made during periods of high volatility or price surges. Historically, Bitcoin has been pronounced ‘dead’ during nearly every market cycle. This pessimism peaked in 2017, when BTC hi...
Read more

Solana Witnessing ‘Dramatic Increase’ in Investor Allocations This Year, According to New CoinShares Survey

Image
Ethereum (ETH) rival Solana (SOL) is seeing a “dramatic increase” in professional investor allocations this year, according to a new survey conducted by the digital assets manager CoinShares. CoinShares polled 64 investors worldwide who cover a combined $600 billion worth of assets under management. The respondents include different investor types including wealth managers, hedge funds, institutions, family offices, financial advisors and individual investors. Explains CoinShares, “Investors have been broadening their exposure to altcoins, with Solana seeing a dramatic increase in allocations. Looking through the survey responses, this is due to a few large investors allocating, carrying more weight in the survey. XRP has seen a significant decline, with none of the survey respondents holding it now.”   Source: CoinShares Digital assets represented an average of 3% of the respondents’ portfolios, the highest weighting since ...
Read more

Blockfi Announces Self-Liquidation Plan After Failed Attempts to Sell Company

The now-defunct crypto lender Blockfi has recently filed a court document outlining its plans to liquidate the company. The firm has come to the realization that selling the company would not be beneficial to its creditors. As a result, Blockfi has decided to take matters into its own hands and proceed with a self-liquidating transaction. Once the assets are distributed, the company will be wound down. Blockfi Explores Self-Liquidation and Alternative Transaction Options ​​Blockfi has recently updated the community with a notice regarding its latest disclosure statement with the bankruptcy court. The update reveals that the crypto lender has made the decision to proceed with a self-liquidation transaction after several unsuccessful attempts to sell the business. With 660,000 client accounts, the top 50 creditors are owed $1.3 billion. However, there is a glimmer of hope for some, as the latest filing notes that certain classes of claims could potentially see recoveries “as high as 10...
Read more