Analyst Predicts ‘Violent’ Rallies for Ethereum-Based Altcoin, Says RWA-Focused Coin a Good Short-Term Play

A widely followed crypto strategist and trader thinks that rallies are in sight for two altcoins amid upcoming catalysts.

Pseudonymous trader Pentoshi tells his 847,800 followers on the social media platform X that he thinks the Ethereum (ETH)-based automated staking service Lido DAO (LDO) is gearing up for a steep move up.

The analyst believes that traders will enter long positions on LDO amid speculations that US regulators will approve the staking of ETH held in spot Ethereum exchange-traded funds (ETFs).

LDO

Probably violent repricing when the filings come in the next couple of weeks… If you believe ETH staking will be approved, then LDO is likely a great bet.

So far, the price seems to be appreciating rapidly and has begun to start to price this in.

Source: Pentoshi/X

Looking at the traders chart, he seems to be targeting $3.612 for LDO. At time of writing, LDO is worth $1.95

Another altcoin on the traders radar is Ondo Finance (ONDO), a decentralized finance (DeFi) protocol that aims to tokenize real-world assets (RWAs). Pentoshi says the ONDO Summit 2025 slated for February 6th could fuel short-term rallies for the crypto asset.

ONDO summit coming up in [10 days].

BlackRocks chief investment officer will be speaking and they have many connections there that will likely lead to some speculation short-term.

Price could potentially move up leading into the event followed by a sell-off on whatever news it may be. Might be a good short-term play.

One-12 days.

The trader also highlights that he plans to unload his ONDO stack just before the event.

At time of writing, ONDO is worth $1.29.

Generated Image: Midjourney