Cryptocurrencies price prediction: ONDO, DAO & Cryptos – American Wrap 07 July
Ondo launches Perps with 20x leverage on tokenized stocks
Ondo Finance has expanded its financial services suite to include perpetual futures contracts for tokenized stocks. The platform, referred to as Ondo Perps, will provide 24/7 trading and over 20x leverage, utilizing tokenized stocks as collateral.
Crypto: The market is set to test the strength of the downtrend
The crypto market capitalisation has risen by 2.3% over the past 24 hours to $2.19T. Still, we see the market’s ability to absorb the news of Strategy selling bitcoins from its reserves as the key development. The market began to recover from the initial dip fairly quickly, adopting a pragmatic stance regarding the scale of the sell-off.
Lido DAO Price Forecast: LDO bulls retain control and target $0.30
Lido DAO (LDO) maintains a bullish short-term bias, trading around $0.28 at the time of writing on Tuesday. The liquid staking token (LST) has logged consistent gains since last Wednesday, indicating growing risk appetite.
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