MANTRA (OM) and Lido DAO (LDO) Top Altcoin Gains Today
The correlation between Bitcoin and altcoins has increased recently, attracting liquidity in large and medium-capped altcoins. The approval of spot Bitcoin and Ethereum ETFs in the U.S. complicates cash rotation from Bitcoin to altcoins. Bitcoin's price is approaching a potential breakout towards an all-time high, prompting investors to adjust their altcoin portfolios.
OM and LDO Lead Top 100 Altcoins in 24-hour Gains
Bitcoin's price indicates a possible rise towards $120K, with Ethereum also showing gains, boosting bullish sentiment for altcoins. The ETH/BTC pair increased by over 3% to approximately 0.0317.
MANTRA (OM)
- $OM rallied more than 17% to about $5.57.
- Fully diluted valuation is around $10 billion with a 24-hour trading volume of about $510 million, marking a 200% increase.
- OM's price rose over 53% in the last week of January 2025, supported by 77K on-chain holders.
- MANTRA focuses on regulatory aspects and utilizes Cosmos SDK for inter-blockchain communication.
Lido DAO (LDO)
- LDO price increased over 16% to about $2.29.
- Fully diluted valuation is roughly $2.2 billion with a 24-hour average traded volume of around $303 million.
- Open Interest surged over 44% to about $171 million, particularly on Binance and OKX exchanges.
- LDO's rise is driven by Ethereum staking adoption among institutional investors.