Crypto price predictions: Lido DAO, Rocket Pool, Bitbot
- Lido DAO price is up 2% on the day, trading around $2.13.
- Rocket Pool ETH and Rocket Pool (RPL) were down 4% and 5% respectively at the time of writing.
- Bitbot price in stage 12 of presale is $0.0171, and will reach $0.020 in the final stage.
Lido DAO (LDO) and Rocket Pool ETH (RETH) were notable gainers over the weekend. LDO continues to hold onto some of the gains as RETH and Rocket Pool’s RPL slip.
But what’s the price prediction for LDO and RPL as investors take a bullish outlook on new crypto project Bitbot (BITBOT)?
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Lido DAO and Rocket Pool ETH led weekend gainers
As analysts at market intelligence platform Santiment noted early Monday, Lido Dao and Rocket Pool ETH topped the list of gainers in the staking sector.
Of 17 assets Santiment tracks, RETH market cap increased 5.9%, while LDO jumped 5.2%. The broader sector’s market cap gained by 5%.
💧 #LiquidStaking assets have benefited from a nice mini run this weekend. Of the 17 key assets that we track for this sector, the market caps have increased by a combined +5.0% despite choppy market conditions. $LDO (5.2%) and $RETH (+5.9%) lead the way. https://t.co/L6siGQre5o pic.twitter.com/VJDs7Yzl1t
— Santiment (@santimentfeed) April 28, 2024
The gains for the staking tokens highlight resilience within the decentralised finance (DeFi) ecosystem, particularly Ethereum staking tokens.
Despite this positive outlook, profit taking and negative sentiment across the market could threaten RPL, LDO and RETH among other staking related tokens.
Lido DAO price prediction
Lido DAO (LDO) trades within the $1.90 and $2.25 price range after recovering from lows of $1.66 reached in mid-April. LDO is also surging against ETH and BTC, with price above the key $2 level.
Currently, LDO is changing hands around $2.13, up by nearly 2.5% as bulls try to hold onto gains made as the token rose to $2.21. Its likely upside continuation will see LDO/USD aim for a retest of the short term hurdle at $2.50.
The upside has the main resistance around $5 and the all-time high area of $7.30. On the downside, primary support could be around October 2023 lows near $1.40.
Rocket Pool price prediction
The weakness around Ethereum price is observable across most other altcoins as ETH hovers around $3,100. Rocket Pool ETH (RETH) price mirrors this action, while Rocket Pool (RPL) price has dipped more than 5% in the past 24 hours.
RPL is currently trading at $21.05 as the decentralised liquid staking protocol’s native token continues to pare recent gains. The 24-hour trading volume of $5.56 million is 11% higher than a day ago.
However, with price down 28% this month, it’s likely a retest of areas below $20 looms for RPL. The bearish flip could include declines to one-year lows of $16.85. The weekly RSI and MACD support this outlook.
On the other hand, bulls will need to break and strengthen above $23 to target the crucial supply zone around $30.
Bitbot price prediction
Bitbot is a new crypto project that could dominate the crypto trading space on Telegram. As such, there’s a lot of interest in the native token BITBOT, which has raised more than $2.9 million so far.
What’s likely to set Bitbot apart and drive its adoption is the non-custodial trading solution that it offers. This pioneering approach to a Telegram trading bot puts Bitbot above other apps in the sector, largely as it ensures traders have full control of their assets as they hunt for lucrative opportunities.
Other aspects the whitepaper highlights and which could be key in the integration of artificial intelligence, providing for AI-powered trading.
BITBOT price in stage 12 of 15 is $0.0171. In the final stage, the token’s price will be at $0.020. Given the anticipation around its launch, Bitbot could be among projects to record major gains after its launch.
For more about this project, or how to buy BITBOT, visit the official website.