Cryptocurrency analyst with over 2.1 million followers has released a new video. In the video, the analyst tells his followers that he expects the price of 2 altcoin assets to explode. Here are the predicted price levels and what you need to pay attention to…
“This altcoin will rally 20%”
The host of the successful YouTube channel CoinBureau, nicknamed “Guy”, shared his new predictions. Accordingly, a huge price rally is expected for the 2 altcoin projects in the near future. These cryptocurrencies are Cardano and Lido DAO respectively. The analyst first mentions the popular smart contract platform Cardano and predicts a 20% rally from current price levels.
Currently the 7th largest asset by market cap, ADA is changing hands at $0.50 at the time of writing. According to Guy, ADA price is waiting for Vasil hard fork upgrade for a rally. The Vasil hard fork is already scheduled for September 22. With the upgrade, the scalability of the Cardano network will be higher. Also, transaction fees on the network will be greatly reduced. The analyst says it will gain about 20% from the current levels before the Vasil upgrade:
The ADA price is rallying for the reasons I mentioned earlier. If you don’t remember what I mentioned before, this reason was the date announcement for Vasil hard fork. What I’m currently looking for for ADA is a return to the $0.60 mark. Thus, the altcoin will return to its medium-term uptrend. Additionally, I think this is more likely than renewed interest in Cardano.”
“It is possible for the Lido DAO price to explode by 50%”
The famous host of CoinBureau talks about Lido DAO (LDO) after ADA. As Cryptokoin.com reported, Lido DAO is an Ethereum-based staking protocol. If the altcoin is LDO, it is the governance token of this staking protocol. According to Guy, LDO is pregnant with big gains. The main reason for this is the Ethereum Merge upgrade scheduled for September 15. Guy says LDO can gain 50% before Merge.
Ethereum Merge will lead to Ethereum’s transition from Proof-of-Work to PoS. Some experts consider this upgrade to be one of the biggest events in crypto history. With Merge, permanent shifts in the price performance of many altcoins are possible. Lido DAO is among these projects as it allows staking of ETH. So Guy’s estimation seems to be based on logical grounds. Guy said:
“Next, there is the possibility of Lido Finance pumping the LDO token as Ethereum Merge approaches. This is because Lido Finance is used to stake ETH in a liquid way. It has also partnered with Lido Aztec Network. Aztec Network provides additional privacy and low gas fees. Now there is a 50% pump chance between LDO and Merge. So this upgrade means 2x more movement for the LDO than its price was just a few days ago.”
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