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Daily crypto opportunities: Potential $DOGE boom, $LDO token analysis, and joining the Over Protocol waitlist

Tanja Nechet

News editor

Jul 26, 2023 at 06:47

Opportunity 🔔 1: Amazing future for Dogecoin?

Elon Musk publicly states that payments will be integrated into X “later this year”. Those looking to catch the future Dogecoin hype can start gathering the asset now. Given Elon’s plans to make ex-Twitter the biggest financial hub, one should reconsider their flippant attitude towards DOGE.

After the rebranding, Musk changed his Twitter location to “𝕏Д which sparked rumors. “𝕏” represents the new “X” branding, while “Д stands for the iconic Dogecoin symbol. Is this a direct hint at a future symbiosis?

And so yesterday, Dogecoin posted its biggest one-day gain in 4 months, with open interest in its futures exceeding $500 million (indicating that many are reconsidering their attitude towards this meme coin). But this dog show hasn’t really started yet; there is still time to decide whether to include Dogecoin in your portfolio.

Opportunity 🔔 2: Is there a silver lining? Analysis of Lido DAO ($LDO)

Lido DAO is a decentralized autonomous organization (DAO) that offers staking infrastructure for multiple blockchain networks.

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At the time of writing, $LDO is at the level of $1.9. However, if the support level of $1.85 is broken, further decline is possible, with the lower range reaching around $1.40. Yet, historically, when the token reaches this level, there is a possibility of a positive reaction and rebound, according to MonoCoinSignal analysts.

So, here are two crucial support levels to watch for this token: The first support is at $1.61. If the price falls below that, the second support level is at $1.40. These support levels are considered important because they are associated with potential demand for the stock, and past behavior indicates a potential recovery from the $1.40 level.

*Any technical analysis, in the long run, cannot accurately predict the movement because now is a very tough market and the news can swing currencies in all directions.

Opportunity 🔔 3:  Joining the Over Protocol waitlist 

Over Protocol is a new Layer 1 blockchain. The development team has raised $8M in investment from Schmidt, Naver Z, and others.

You can currently get on the whitelist for this project.

What to do:

  • Go to the link,
  • Click Drop me -> Take me,
  • Click Join the waitlist now,
  • Go through registration (nothing complicated),
  • Invite friends.

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