(24 May 2024, 11:06 AM IST):
On Friday morning, the cryptocurrency market experienced mixed sentiments, with Bitcoin struggling to stay above the $68,000 mark. In contrast, Ethereum (ETH) is trading in the green after receiving approval for a spot ETF from the U.S. Securities and Exchange Commission (SEC).
Despite the ups and downs in the market, several altcoins, including Ondo, Lido DAO, and Pendle, have attracted attention with impressive gains.
As of now, Bitcoin (BTC) is finding it difficult to trade above $68,000, currently priced at $67,353, reflecting a 2.97% drop in the last 24 hours. The market capitalization of Bitcoin stands at $1.33 trillion. On the other hand, Ethereum (ETH) has risen slightly by 0.19%, now trading at $3,785, with a market capitalization of $456 billion.
Ondo (ONDO), Lido DAO (LDO), and Pendle (PENDLE) Going Higher:
Ondo (ONDO): The price of the RWA token Ondo (ONDO) has jumped by 12.44% over the last 24 hours, reaching $1.069. Ondo’s market cap now stands at an impressive $1.55 billion. Over the past seven days, the ONDO token has surged by 25.73%.
Lido DAO (LDO): Lido DAO (LDO), a trending DAO token, has also seen a positive boost. Its price has risen by 11.53% to $2.34, bringing its market cap to $2.11 billion. In the last seven days, LDO has surged by 38.84%.
Pendle (PENDLE): Pendle (PENDLE) has also seen significant gains, with its price increasing by 6.56% to $6.51. The market cap of Pendle is currently $1.02 billion. Over the past week, PENDLE has surged by 50.58%.
Overall, while Bitcoin faces some challenges, the altcoin market shows signs of resilience and growth, with Ondo, Lido DAO, and Pendle leading the charge.
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