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Cryptocurrencies Price Prediction: Lido DAO, Polkadot & Crypto.com– American Wrap 10 February

Lido DAO price set to plummet 24% amid ETH staking ban rumors

Lido Dao (LDO) price action is set to see interest from investors fading quite rapidly as the price action has been trading erratically and illogically these past few days. Those investors will probably take their money and run as volatility is getting too high, making it very difficult to maintain good trade management. With the current outside pressures and tailwinds, a decline of 24% would not be unlikely.

LDO/USD daily chart

Polkadot price could plummet below $6 despite a successful year for DOT’s parachains

Polkadot, multichain for web3, is celebrating a year of parachains, blockchains connected to the DOT ecosystem. DOT price plummeted nearly 10% since February 9, analysts predict further decline in the web3 protocol’s native token. 
DOT/USDT price chart

The price of Crypto.com Coin (CRO) took a strong uppercut of 8% losses as bulls were knocked out against the ropes Thursday. In a ninja-type of event, bears suddenly swarmed the market and sparked sell-offs across the board in bonds, equities and cryptocurrencies. Several warnings were already issued throughout the week that tail risks were flaring up again, and the message from Federal Reserve Chair Jerome Powell on Tuesday was initially perceived as dovish by markets before its hawkish intent was digested later in the week.

CRO/USD daily chart

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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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