A widely followed crypto strategist and trader thinks that rallies are in sight for two altcoins amid upcoming catalysts.<\/p>\n
Pseudonymous trader Pentoshi tells his 847,800 followers on the social media platform X that he thinks the Ethereum (ETH<\/a>)-based automated staking service Lido DAO (LDO<\/a>) is gearing up for a steep move up.<\/p>\n The analyst believes<\/a> that traders will enter long positions on LDO amid speculations that US regulators will approve the staking of ETH held in spot Ethereum exchange-traded funds (ETFs).<\/p>\n \u201cLDO<\/em><\/p>\n Probably violent repricing when the filings come in the next couple of weeks\u2026 If you believe ETH staking will be approved, then LDO is likely a great bet.<\/em><\/p>\n So far, the price seems to be appreciating rapidly and has begun to start to price this in.\u201d\u00a0<\/em><\/p>\n Looking at the trader\u2019s chart, he seems to be targeting $3.612 for LDO. At time of writing, LDO is worth $1.95<\/p>\n Another altcoin on the trader\u2019s radar is Ondo Finance (ONDO<\/a>), a decentralized finance (DeFi) protocol that aims to tokenize real-world assets (RWAs). Pentoshi says<\/a> the ONDO Summit 2025 slated for February 6th could fuel short-term rallies for the crypto asset.<\/p>\n \u201cONDO summit coming up in [10 days].<\/em><\/p>\n BlackRock\u2019s chief investment officer will be speaking and they have many connections there that will likely lead to some speculation short-term.<\/em><\/p>\n Price could potentially move up leading into the event followed by a sell-off on whatever news it may be. Might be a good short-term play.<\/em><\/p>\n One-12 days.\u201d<\/em><\/p>\n The trader also highlights<\/a> that he plans to unload his ONDO stack just before the event.<\/p>\n At time of writing, ONDO is worth $1.29.<\/p>\n Don’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>   Generated Image: Midjourney<\/span><\/em><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":" A widely followed crypto strategist and trader thinks that rallies are in sight for two altcoins amid upcoming catalysts. Pseudonymous trader Pentoshi tells his 847,800 followers on the social media platform X that he thinks the Ethereum (ETH)-based automated staking service Lido DAO (LDO) is gearing up for a steep move up. The analyst believes […]<\/p>\n","protected":false},"author":2,"featured_media":84927,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[173],"tags":[201,248,251,246,257,255,250,252,247,253,249,256,254],"class_list":["post-360628","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others","tag-blockchain","tag-bsc","tag-chainlink","tag-coin","tag-cryptocurrency","tag-gta","tag-looks-rare","tag-oracle","tag-polygon","tag-quickswap","tag-safe-moon","tag-wallet","tag-wordpress"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/360628","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=360628"}],"version-history":[{"count":3,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/360628\/revisions"}],"predecessor-version":[{"id":360639,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/360628\/revisions\/360639"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/84927"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=360628"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=360628"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=360628"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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