Crypto news: what are the current prices and future forecasts of the Galeon, Lido (LDO) and Cardano (ADA) coins?
We take a closer look at the performance of these crypto assets.
First, according to CoinGecko data, the current price of Galeon (GALEON) is $0.01381767, with a trading volume of $118,705.00 in the past 24 hours. This indicates a decrease in price of -0.92% over the last 24 hours and a further decrease in price of -1.29% over the last 7 days. Additionally, there is currently no data available on Galeon’s market capitalization, as the circulating supply of GALEON tokens has not been disclosed.
As far as market activity is concerned, Galeon’s daily volume over the past 24 hours stands at $118,705, representing a 2.80% increase from a day ago. This recent growth is in contrast to the global cryptocurrency market’s performance, which is up 0.30%. It is also underperforming in comparison to the BNB Chain Ecosystem, which is up 1.00%. However, the community is optimistic, with over 100% of users expressing positive sentiment toward the currency.
Next, we look at Lido (LDO). Recently, the cryptocurrency market has experienced a return of volatility, indicating healthy movement in the decentralized finance (DeFi) sector. In this regard, Lido Finance (LDO) recently published its latest weekly update, which highlighted some correlations with this increased volatility. According to Lido’s update, the platform is the leading staking provider for net new ETH deposits on the Ethereum beacon chain, and there has been a 12.72% increase in Lido’s Total Value Locked (TVL) from 19 June to 26 June. Most of the ETH in staking comes from Ethereum’s Level 2 networks, and observing the growth of the wstETH token can provide insight into the platforms that contribute the most to ETH staking volume.
In terms of price, LDO has been tracking the market in a parallel manner, and has shown a bearish performance since the beginning of June. It reached its lowest point at $1.62 in the middle of the month, before recovering to around $1.96. Once again, LDO’s latest rise in value reflected the overall market trend.
Finally, we turn our attention to Cardano (ADA). Recent discussions within the Cardano community have focused on the possibility of a massive sale of Cardano’s coin ADA by major platforms such as Robinhood and Celsius. Although these platforms have different motivations for their actions, the possibility of a significant “dump” has caused concern in the community. Some argue that such a sale would not be extraordinary for the Cardano token, downplaying fears of uncertainty and doubt. Their rationale is based on the fact that the total holdings of Robinhood and Celsius represent only a small fraction of the total ADA trading volume and that users have had enough time to move their ADA to other portfolios. However, others remain skeptical about the situation, pointing out that Robinhood has set a deadline of 27 June, after which all remaining ADA will be sold at market price, with Jump Crypto responsible for liquidating the remaining holdings immediately.
