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.
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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.
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FXStreet Team
FXStreet
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