Coin Bureau Bullish On Cardano (ADA) And Lido DAO (LDO) To Rally.
Coin Bureau On Altcoins Rallying In September
One of the most popular and biggest crypto analyst on Youtube, Coin Bureau in one of his latest video states that he believes many altcoins are going to rally due to the many updates in September.
One of the token that he believes will do very well is Cardano (ADA). A big update, the Vasil Hard Fork is going to happen on 22nd September 2022, which is going to improve Cardano’s scalability and lowering transaction costs.
“The ability for developers to effectively simulate transactions on Cardano before they occur should therefore make it possible for their dapps to provide the same sort of user experience we have become accustom to on other smart contracts cryptocurrencies. This is why ADA has been rallying so hard on the last few days and why it could continue to rally even after the Vasil hard fork is complete. And ADA could rally even harder if there are any significant issues on ethereum as a result of the merge.”
“Then there’s Cardano whose ADA coin is rallying for the reasons I mentioned earlier, namely confirmation of a date for the Vasil hard fork. What I’m looking for from ADA in the short term is a rally back to the $0.60 mark to get back into that medium-term uptrend. And I reckon it’s more likely than not given the renewed interest in Cardano.”
Lido DAO (LDO) Could Also Rally
Another coin that the Coin Bureau thinks is going to rally is Lido DAO (LDO), the ETH based staking protocol. He said it could be one of the coin that is going to do well because of the merge.
“Lido also partnered with Aztec Network for low-fee liquid staking and additional privacy on Ethereum, solid stuff. With some luck, LDO will pump by another 50% between now and then [Ethereum merge], resulting in a 2x move from its price just a few days ago.”