- This weekend could be pivotal for altcoins as market sentiment improves and traders look for breakout plays beyond Bitcoin.
- Cardano, Lido DAO, and ETC are among altcoins this weekend, with each showing key technical moves that traders are keeping a close eye on.
The crypto market has been buzzing after Bitcoin (BTC), the world’s largest cryptocurrency by market capitalization, soared to an all-time high of $123,091 on July 14, pushing the total market cap to $2.34 trillion.
Under the leadership of President Donald Trump, regulatory clarity is a top priority for the crypto market.
On Thursday, the U.S. House of Representatives passed several key bills with support, including the GENIUS Act, which outlines a regulatory framework for stablecoin issuance, the Anti-CBDC Surveillance State Act, and the CLARITY Act, all heading to final votes.
The SEC is reportedly considering targeted regulatory relief for tokenized securities, though it faces pushback from some Democratic lawmakers. Against this backdrop of sentiment and political tailwinds, three altcoins are showing strong technical setups heading into the weekend.
Cardano (ADA)
Cardano, often referred to as a third-generation blockchain, continues to attract attention for its focus on scalability, sustainability, and energy efficiency. Blockchain.com has officially integrated Cardano into its DeFi Wallet, allowing users full control over their ADA assets without relying on third-party bridges or wallets.
As mentioned in our previous article, Cardano’s Tokeo Wallet is now exploring integration with the XRP Ledger (XRPL).
Despite a 2.98% dip in the past 24 hours and a 14.85% decline over the past week, ADA is currently trading around $0.8213 and remains within a tight consolidation range. Market expert Marcus Cornivurus commented that “a break and hold above $0.82 unlocks a $1.18 target,” pointing to the potential for a significant upside if buying pressure builds.
On the DeFi front, Cardano’s Total Value Locked (TVL) has reached $375.2 million, marking a 5.82% increase in just 24 hours. This is an encouraging sign of growing user engagement. Additionally, the stablecoin market cap on Cardano stands at $32.42 million.
Lido DAO (LDO)
LDO is the governance token behind Ethereum’s leading liquid staking platform. Lido makes it easy for users to stake their crypto, mainly ETH, without locking it up or running a validator node themselves. In return, users receive staked tokens (like stETH) that remain liquid and can be used in DeFi apps.
The protocol continues to dominate the liquid staking space, maintaining a strong market share, with a Total Value Locked of $32 billion, an encouraging sign of growing confidence among stakers.
There’s also talk of Lido expanding its services to other blockchain networks, which could further boost LDO’s utility and appeal. Reflecting this, LDO has had a solid week, jumping 29% and currently trading at $1.07.
Ethereum Classic (ETC)
Ethereum Classic has posted an impressive 33% gain over the past seven days and has climbed another 7% in the last 24 hours, bringing its price to $24.17. This rally was sparked by a decisive breakout above the key $21.48 resistance level and is now eyeing a break above $28.
Its trading volume has also exploded, up 139% to $1.04 billion, boosting ETC’s market cap to $3.77 billion. Originally born out of the infamous 2016 DAO hack, when $50 million was stolen from an Ethereum-based fund, Ethereum Classic represents the original, unaltered Ethereum chain.
With its commitment to decentralization and lower transaction fees, ETC is finding its place in the spotlight as traders and developers reconsider its value.
Recommended for you:
Credit: Source link
