Rallies Coming for Cardano (ADA) and One Additional Altcoin, According to Coin Bureau
The post Rallies Coming for Cardano (ADA) and One Additional Altcoin, According to Coin Bureau appeared on BitcoinEthereumNews.com. The host of the Coin Bureau YouTube channel is expressing bullish sentiment on two altcoins, starting with Cardano (ADA). The Coin...
The host of the Coin Bureau YouTube channel is expressing bullish sentiment on two altcoins, starting with Cardano (ADA).
The Coin Bureau host tells his 2.1 million YouTube subscribers that the seventh-largest crypto asset by market cap is likely to appreciate by about 20% from the current levels ahead of the Vasil upgrade.
The Vasil hard fork, set for September 22nd, is a major upgrade geared towards improving Cardano’s scalability and lowering transaction costs.
“Then there’s Cardano whose ADA coin is rallying for the reasons I mentioned earlier, namely confirmation of a date for the Vasil hard fork…
What I’m looking for from ADA in the short term is a rally back to the $0.60 mark to get back into that medium-term uptrend. And I reckon it’s more likely than not given the renewed interest in Cardano.”
Cardano is trading at $0.50 at time of writing.
The Coin Bureau host next looks at the governance token of the Ethereum (ETH)-based staking protocol, Lido DAO (LDO).
According to the popular crypto YouTuber, Lido DAO could rally by up to 50% ahead of the Ethereum merge.
“Next up we have Lido Finance whose LDO token is pumping as the Ethereum merge approaches. This is because Lido Finance is used to stake ETH in a liquid i.e. tradable manner. Lido also partnered with Aztec Network for low-fee liquid staking and additional privacy on Ethereum, solid stuff…
With some luck, LDO will pump by another 50% between now and then [Ethereum merge], resulting in a 2x move from its price just a few days ago.”
Lido DAO is trading at $2.20 at time of writing.
I
 
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/herryfaizal/Furkan Cubuk
Source: https://dailyhodl.com/2022/09/07/rallies-coming-for-cardano-ada-and-one-additional-altcoin-according-to-coin-bureau/
Post navigation
Delegate Your Voting Power to FEED DRep in Cardano Governance.
DRep ID: drep12ukt4ctzmtf6l5rj76cddgf3dvuy0lfz7uky08jfvgr9ugaapz4 | We are driven to register as a DRep by our deep dedication to the Cardano ecosystem and our aspiration to take an active role in its development, ensuring that its progress stays true to the principles of decentralization, security, and community empowerment.DELEGATE VOTING POWER!
