bitcoin and altcoinPopular analyst Kaleo, known for his analyzes on the Ethereum (ETH) with staking service Lido (LDO) evaluated.
of the lido BTC The analyst, who uses the nickname Kaleo, stated that the LDO chart looks strong and that it is rising against the US Dollar and the Bitcoin parity. (LDO/BTC) He said he was ready for a rally.
LDO’Pointing out that the dollar parity is on the rise, the analyst also said that despite the upward movement of BTC, LDO’s bitcoinHe also stated that he performed better than.
“If there’s one thing I’ve learned over the last six years, it’s to not lose strength.
Looking at Lido in this context seems like a much better game than trying to sell your favorite shitcoin in the last cycle, which is still 80% below its highs, in hopes of a bounce.
The LDO/USD pair also looks similar to the LDO/BTC pair. LDO looks strong in both pairs.
But the important thing here is that first of all the LDO/BTC chart looks very strong. Because even though BTC was in an uptrend, LDO outperformed.”
If there’s one thing I’ve learned over the past 6 years, it’s not to fade strength.
Longing Lido before price discovery seems like a much better play than trying to long your favorite shitcoin from last cycle that’s still down 80% from the highs hoping for a bounce. pic.twitter.com/X3ICw7ekKX
— KALEO (@CryptoKaleo) January 23, 2023
More than 150% increase since the beginning of 2023 Lido It continues to trade at $2.68 at the time of writing.
When we look at the LDO/BTC parity, it is traded at approximately 0.00011745 BTC.
*Not investment advice.
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