Cryptocurrencies Price Prediction: Bitcoin, Lido DAO & Cardano – American Wrap 08 May

FXStreet Team FXStreet

Stacks price new uptick has everything to do with Bitcoin network’s recent backlog, 50% rise underway?

Stacks (STX) price is bullish despite most players in the crypto arena recording losses. The fresh uptick is attributed to the recent debacle on the Bitcoin backlog, where the Binance exchange reported congestion on the TC network.

Lido DAO price plunges 31% in a month, leading to 4 million LDO accumulation

Lido DAO price has been charting its own path, painting red on the charts, unlike Bitcoin and the leader of the altcoins, Ethereum.

Despite having dominance in the DeFi space, Lido DAO is losing traction due to a build-up of negative sentiments, leading to an enormous amount of LDO being moved in a single day.

Cardano price to end Monday turmoil as US session gets underway with 5% pop

Cardano (ADA) price is adding some marginal but vital gains on Monday. After a very bearish ASIA PAC and European session, ADA bulls are looking beyond the turmoil from Binance that shook the market with the lifting and reactivation of its ban for Bitcoin withdrawals. As altcoins are licking their wounds, the US session looks promising for Cardano, with price action set to recover and reclaim lost ground from the past weekend.

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