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.” 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...