A generally followed crypto strategist and trader think that rallies are in sight for two altcoins in the midst of upcoming catalysts.
Pseudonymous Trader Pentoshi tells his 847,800 followers on the social media platform X that he thinks the Ethereum (ETH) -based automated Stakservice Lido Dao (LDO) is preparing for a steep movement up.
The analyst believe That traders will discuss LDO on LDO in the midst of speculation that American supervisors will approve the use of ETH that is held in Spot Ethereum Exchange-Trade Funds (ETFs).
“LDO
Probably violent repetitions when the archives come in the coming weeks … If you believe that ETH will be approved, then LDO is probably a big gamble.
So far the price seems to appreciate quickly and it has started to praise this. ”
Looking at the graph of the trader, he seems to focus on $ 3,612 for LDO. At the time of writing, LDO is worth $ 1.95
Another Altcoin on the trader’s radar is ONDO Finance (ONDO), a decentralized protocol of the Finance (Defi) that aims to Tokenize Real-World Assets (RWAS). Pentoshi out The Ondo Summit 2025 planned for 6 February could feed the short-term representations for the crypto-assets.
“Ondo Summit comes in [10 days].
The Chief Investment Officer of BlackRock will speak and they have many connections there that will probably lead to speculation in the short term.
The price could possibly rise to the event, followed by a sale of any news. Maybe a good game in the short term.
1-12 days. “
The trader too highlights That he intends to unload his ONDO stack just before the event.
ONDO is worth $ 1.29 at the time of writing.
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Credit : dailyhodl.com
