Veteran Trader Says Ethereum Staking Project Is About To Enter Price Discovery Against Bitcoin, Warns Not To Fade Strong Altcoins

Veteran Trader Says Ethereum Staking Project Is About To Enter Price Discovery Against Bitcoin, Warns Not To Fade Strong Altcoins


A widely followed analyst believes that Ethereum (ETH) staking service Lido (LDO) will likely continue its bullish ascent against Bitcoin (BTC) and the US dollar.

Pseudonymous crypto strategist Kaleo tells his 555,100 Twitter followers that LDO looks strong and seems poised for a rally against Bitcoin (LDO/BTC).

“If there’s one thing I’ve learned over the past six years, it’s not to fade strength. Longing Lido before price discovery seems like a much better play than trying to long your favorite shitcoin from last cycle that’s still down 80% from the highs hoping for a bounce.”

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Source: Kaleo/Twitter

He also says that Lido’s USD pair chart also looks bullish but notes that LDO has been impressive as it manages to outperform Bitcoin despite the king crypto’s

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