Lido DAO Leads Top Crypto Gainers, Some Experts Bullish on 99Bitcoins Token To Pump Next

Ethereum staking protocol, Lido DAO, has booked the strongest gains amid a crypto market recovery.

On the presale front, the 99Bitcoins token is leading the way, with its total raise surpassing $2.2 million.

LDO Price Pumps on Claims That the SEC Will Drop Ethereum Probe

Lido DAO has spearheaded the market’s recovery today following claims that the United States Securities and Exchange Commission (SEC) will close its probe into whether ETH is a security.

SEC letter declares war on Ethereum over. pic.twitter.com/rbtsgoe64Z

— Altcoin Daily (@AltcoinDailyio) June 19, 2024

Ethereum developer Consensys initially revealed the development on X.

“The Enforcement Division of the SEC has notified us that it is closing its investigation into Ethereum 2.0.”

The outfit regards this as “a major win for Ethereum developers, technology providers, and industry participants.”

However, Consensys intends to pursue the SEC regarding the regulatory status of MetaMask Swaps and Staking.

“We also seek a declaration that offering the user interface software MetaMask Swaps and Staking does not violate the securities laws.”

Ethereum ecosystem prices have surged as a result.

Its total market cap is up 3.5%, per the latest CoinMarketCap data.

This comes after intense selling pressure through recent weeks, with the total crypto market cap down over 10% from its high in early June.

Lido DAO is leading the recent recovery. It is the best-performing top 100 crypto today, up 16% in the past 24 hours and 27% this week.

Currently priced at $2.35, LDO holds a $2 billion market cap and a $311 million 24-hour trading volume, up 35%.

Since Lido DAO is Ethereum’s largest staking crypto, Consensys’ remark about pursuing the SEC regarding staking is likely behind its strength.

Renowned market commentator Will suggests that “LDO may finally get its time to shine in July.”

He underscores fundamental developments alongside technical analysis.

Based on the accompanying charts, LDO is in an advantageous position in its BTC, ETH, and USD trading pairs.

Against BTC and ETH, LDO is trading at long-term support levels. Meanwhile, it is approaching a trendline resistance against USD, a pattern that has previously enabled significant upward movements.

Think $LDO may finally get its time to shine in July

– ETH ETF launching soon
– SEC charges vs ETH dissolved
– ETH/BTC constructive
– LDO/ETH & LDO/BTC look good
– Regulatory shifts in US pic.twitter.com/oLSPDdCd3d

— Will (@WClementeIII) June 19, 2024

But as Lido DAO gains pace, some analysts are also backing the newly launched 99Bitcoins token for success as its presale cruises past $2.2 million.

99Bitcoins Token Might Explode After Presale, According to Analyst

99Bitcoins token is the latest innovation of the 99Bitcoins media outlet, which has provided high-quality crypto news and education since 2013.

The new token grants access to the platform’s novel Learn-to-Earn platform and offers benefits like crypto trading signals, a VIP community group, and staking rewards.

This blend of the team’s proven track record and a robust use case has made $99BTC an investor favorite, but support is also flooding in from analysts.

In a recent video on YouTube, CryptoBoy speculated that 99Bitcoins token could 100x after it launches on exchanges.

“There are some unique points, some amazing things about this project. You could get 100x returns.”

Later in the analysis, CryptoBoy highlighted that 99Bitcoins token will launch under Bitcoin’s BRC20 token standard following the presale.

Given the ecosystem’s unparalleled liquidity, he suspects this could present huge potential.

Per the 99Bitcoins token whitepaper, launching under the BRC20 token standard will provide enhanced security, increased immutability, participation in a new token economy, cultural value, and potential for price growth.

However, it is worth noting that the presale is available on the Ethereum network, ensuring widespread accessibility.

The current presale price is $0.011, but this will rise throughout the ICO, with the next increase in six days.

Visit 99Bitcoins Token Presale

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