Investing in these 4 currencies before Ethereum ETF is approved will get 10x returns
Cryptocurrency consolidation continues, with Bitcoin struggling near $58,000. Ethereum and its altcoins rose slightly amid speculation of spot ETH ETF approval.
Whale hoarding indicates bullish sentiment for AAVE, UNI, LINK, and LDO.
LINK
Chainlink (LINK) is a decentralized oracle network that plays a vital role in connecting real-world data with smart contracts on the Ethereum blockchain.
Today, Chainlink price rose 0.44% to trade at $12.4, with a market cap surging to $7.53 billion. A potential rally could see the asset rise 28% before challenging the critical resistance of the descending trendline.
UNI
Uniswap (UNI) stands out in the decentralized finance (DeFi) space as the leading decentralized exchange (DEX) built on the Ethereum blockchain.
UNI, the native governance token of Uniswap, has been trading sideways in a triangle pattern for the past five months. The two converging trend lines set by the chart have mainly influenced the price movement of this altcoin.
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LDO
Lido DAO (LDO) is a well-known project in the Ethereum ecosystem, known for its innovative liquidity staking solution. In the recent market correction, the LDO price fell from a high of $2.5 to a low of $1.4, a drop of 44%.
The support level of $1.4 marks the bottom of August 2023, providing new demand pressure for LDO buyers. The Lido Dao token rose 3% intraday and traded at $1.629, while the market remained around $1.45 billion.
