Crypto Analytics Firm Warns Traders About Ethereum-Based Altcoin That’s Exploded Over 164% in Two Weeks

Crypto Analytics Firm Warns Traders About Ethereum-Based Altcoin That’s Exploded Over 164% in Two Weeks


Blockchain intelligence platform Santiment warns that the massive rally recorded by a top-50 altcoin could be coming to an end.

Santiment says that the governance token of the Ethereum (ETH)-based staking network Lido DAO (LDO) is showing a divergence between the price and the number of active addresses as well as network growth.

“It’s [Lido DAO] in the process of building the top, in the final stage of divergences. Divergence in network activity and in network growth:

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Price remains on top, however active addresses and network growth are down.

This is usually a bearish sign, a well-known pattern.”

Source: Santiment

Lido DAO is trading at $1.85 at time of writing. The governance token hit a low of $0.935 on December 28 and climbed to a

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