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Key Notes
- The notable rise of OM and LDO is heavily influenced by their improving fundamentals amid the anticipated altcoin season.
- The reversal of the ETH/BTC pair will trigger the onset of the next major altseason fueled by the favoring regulatory landscape and mainstream adoption by institutional investors.
The correlation between Bitcoin BTC $82 039 24h volatility: 5.7% Market cap: $1.63 T Vol. 24h: $77.65 B and the wider altcoins has significantly increased in the past few months. The anticipation of a wider crypto bullish breakout, to kickstart the thrilling phase of the macro bull cycle, has continued to attract new liquidity in the large and medium-capped altcoins.
Furthermore, the approval of spot Bitcoin and Ethereum ETFs in the United States has increased the difficulty of the historical crypto cash rotation to the altcoins. With Bitcoin price signaling an imminent bullish breakout in the near future towards a new all-time high, more investors are positioning their altcoins portfolio strategically to reap the most benefits.
OM and LDO Leads Top 100 Altcoins in 24-hour Gains
As Bitcoin price signaled a potential breakout towards $120K in the near term, Ethereum price registered higher gains, thus fueling more bullish sentiment to the altcoins. Furthermore, the ETH/BTC pair rebounded over 3% to trade at about 0.0317 on Friday, January 31, during the early New York session.
MANTRA (OM)
In the past 24 hours, $OM OM $6.77 24h volatility: 8.1% Market cap: $6.52 B Vol. 24h: $213.18 M , a native token for the MANTRA layer-one blockchain focused on real-world assets tokenization, rallied more than 17% to trade at about $5.57 at the time of this writing. The mid-cap altcoin, with a fully diluted valuation of about $10 billion, recorded a 200% increase in the average 24-hour trading volume to about $510 million.
Following the recent palpable gains, the OM token has rallied over 53% in the last week of January 2025, backed by more than 77K on-chain holders.
The MANTRA blockchain has significantly focused on the regulatory aspect to ensure sustainable future growth prospects. Most importantly, the MANTRA chain is built using the Cosmos SDK, thus enabling the inter-blockchain communication (IBC) between its DeFi protocols.
With impressive fundamentals, OM price is well positioned to continue in price discovery in the near future, especially amid the mainstream adoption of digital assets by institutional investors.
Lido DAO (LDO)
In the past 24 hours, Lido DAO (LDO) price LDO $0.73 24h volatility: 12.4% Market cap: $658.93 M Vol. 24h: $137.12 M rallied over 16% to trade at about $2.29 at the time of this writing. The mid-cap altcoin, with a fully diluted valuation of about $2.2 billion and a 24-hour average traded volume of around $303 million, has signaled the onset of the macro bull rally following the recent bullish breakout in the higher time frames.
According to market data analysis from Coinglass, the LDO’s Open Interest (OI) surged over 44% in the last 24 hours to hover about $171 million at the time of this writing. Binance and OKX exchanges registered the highest spike in LDO’s daily Open Interest of over 45%.
The notable rise of LDO is heavily bolstered by the ongoing mainstream adoption of Ethereum staking by institutional investors.
Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
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