Lido DAO, ETP & Cryptos – American Wrap 20 November
Lido DAO Token (LDO), a liquid staking token, is likely to be collected by crypto asset management companies such as Amber Group and trading firms such as FalconX. Two catalysts, LDO accumulation by institutions and bullish on-chain metrics, could drive the LDO price higher.
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Global cryptocurrency exchange-traded products (ETP) have seen a significant increase in 2023, reportedly outpacing the growth of the underlying assets, according to a report from digital asset platform Fineqia seen by Cointelegraph.
In addition to the Sam Altman controversy, graphics card manufacturer NVIDIA’s earnings will be released on Tuesday, which has given additional impetus to these tokens.
- Render Token is up 60% in the last five days.
- Fetch.AI is up 55% in the past six days.
- Ocean Protocol’s OCEAN token is also up 43% over the past six days.
- Worldcoin rose 50% in just two days, but returns lower due to the Altman controversy.
The crypto markets are likely to move freely this week due to the lack of major macroeconomic events.
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This article is originally crafted on: 2023-11-20 23:16:04. Learn more further insights on this page: www.fxstreet.com.
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