Crypto giant Grayscale has launched two new trusts that offer investors exposure to liquid staking service Lido DAO (LDO) and scaling solution Optimism (OP). The new trusts add to the crypto firm’s more than 25 existing digital asset products. Rayhaneh Sharif-Askary, Grayscale’s head of product and research, praises the two altcoin projects for the benefits […]
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The new funds add to Grayscale’s expanding suite of single-asset crypto products.
Grayscale Investments launched two new investment funds for Lido and Optimism’s governance tokens, LDO (LDO) and OP (OP), the asset manager said on Dec. 12.
Grayscale Lido DAO Trust and Grayscale Optimism Trust offer exposure to the native tokens of Ethereum’s largest liquid staking token (LST) protocol and one of its most popular layer-2 (L2) scaling solutions, respectively.
“Lido is helping to democratize staking on Ethereum, and Optimism is critical in allowing Ethereum to scale to compete with newer, faster layer 1 blockchains,“ Rayhaneh Sharif-Askary, Grayscale’s head of product and research, said in a statement.
While the crypto market experienced a general decline, with bitcoin dropping 5.6% and ethereum falling 4.4%, roughly six crypto tokens managed to stand out over the past week. Weekly Crypto Report: Bitcoin and Ethereum Drop, Numerous Tokens See Major Losses As of this writing, the global crypto market capitalization stands at $2.39 trillion, reflecting a […]
Cryptocurrency analyst and trader Ali Martinez is expressing bullish sentiment on one smart contract-enabled blockchain while updating his outlook on Bitcoin (BTC) and Lido DAO (LDO). Martinez tells his 63,900 followers on the social media platform X that the Tom DeMark (TD) Sequential indicator is flashing an opportunity for a long entry on the four-hour […]
The post Crypto Analyst Says Large-Cap Layer-1 Altcoin Primed for a Breakout, Maps Path Forward for Bitcoin and Lido DAO appeared first on The Daily Hodl.
A widely followed crypto analyst believes one artificial intelligence (AI) focused altcoin project is about to outperform the broader market. Pseudonymous crypto trader Altcoin Sherpa tells his 216,400 followers on the social media platform X that decentralized GPU rendering blockchain Render (RNDR) has a strong-looking market structure. “RNDR: still a fine place to just buy […]
The post Trader Says Render To Be One of Strongest Altcoins in Coming Weeks, Updates Outlook on Three Additional Altcoins appeared first on The Daily Hodl.
Crypto analytics firm Santiment thinks that Ethereum (ETH) and altcoins related to the top smart contract platform will leave many traders on the sidelines. Santiment says it is keeping a close eye on Ethereum’s average transaction fee, which nosedived to its lowest level since October 18th, 2023. According to the analytics firm, the slumping gas […]
The post Ethereum and Altcoins Associated With ETH May Witness Rallies Sooner Than Expected, According to Santiment appeared first on The Daily Hodl.
A popular crypto trader says a liquid staking service for the Ethereum (ETH) blockchain is flashing a short-term bullish signal. The analyst Ali Martinez tells his 60,600 followers on the social media platform X that the Tom DeMark (TD) Sequential indicator recently presented a buy signal on Lido DAO’s (LDO) 3-day chart. “If LDO can hold […]
The post Crypto Trader Issues Bitcoin Warning, Says Ethereum Liquid Staking Project Flashing Short-Term Bullish Signal appeared first on The Daily Hodl.
A closely followed crypto strategist believes one red-hot Solana (SOL)-based memecoin could be gearing up for another move to the upside. Pseudonymous analyst Altcoin Sherpa tells his 212,000 followers on the social media platform X that the Book of Meme (BOME) may rally to the $0.0190 level before dipping. “BOME: probably going to be a […]
The post New Solana-Based Shiba Inu Rival That’s Ripped Over 22,000% in a Week Primed To Go Even Higher, Predicts Analyst appeared first on The Daily Hodl.
A widely followed crypto strategist warns that a Solana (SOL) competitor that’s up more than 3x in the last 30 days is flashing signals that it may have printed a short-term top. The pseudonymous analyst known as Altcoin Sherpa tells his 205,700 followers on the social media platform X that while layer-1 blockchain Sei (SEI) […]
The post Trader Issues Warning on Solana Rival That’s Up 247% in One Month, Updates Outlook on LDO and One Other Altcoin appeared first on The Daily Hodl.
A widely followed crypto analyst and trader is expressing bullish sentiment on a low-cap memecoin. The analyst pseudonymously known as Bluntz tells his 236,000 followers on the X social media platform that it is “clear as day” that the Solana-based memecoin dogwifhat (WIF) is currently undergoing accumulation. According to a chart attached by the pseudonymous […]
The post Under-the-Radar Dogecoin and Shiba Inu Rival Could Explode by Over 200%, According to Top Crypto Analyst appeared first on The Daily Hodl.
