#Lido DAO (LDO)

[dencyemily]

Strategic Picks: 4 Cryptocurrencies Under $1 with the Potential for Remarkable $1,000 Returns in 2024

In the ever-evolving world of cryptocurrencies, the spotlight is turning to tokens priced under $1, presenting investors with promising opportunities for substantial returns. World Coin (WLD) and Lido DAO (LDO) are two such tokens demonstrating resilience despite minor dips, hinting at strong potential for future growth.

World Coin, spearheaded by Sam Altman, CEO of OpenAI, has become a standout performer in this category. Despite a slight dip of 1.75% in the last 24 hours, WLD is currently trading at $0.005599, with projections suggesting a potential rise to $10. This upward trend underscores the token's appeal to investors seeking exponential gains in the cryptocurrency market.

On the other hand, Lido DAO (LDO) showcases innovation with its wrapped staked ETH (wstETH) on the Mantle Network, enhancing DeFi application scalability and efficiency. Currently trading at $3.13, LDO has experienced a 4.32% surge in one day and a 13.51% increase over the past year, highlighting its standout position among leading cryptocurrencies. LDO's performance underscores its promising potential for sustained growth.

[newsclickofficial]

While retail investors are buzzing about AI and meme coins, whales stack up on DAO (Decentralized Autonomous Organization) tokens like Lido DAO ($LDO) and Aave ($AAVE). Yesterday, a whale bought 2.72M $LDO, bringing their total holdings to 5.565M tokens. With the current price of $1.90 per token, this amounts to roughly $10.5M. In response, $LDO jumped 8% and hit $1.96 but has since dropped to $1.90. Still, the whale earned a 4% profit as the token’s price was $1.82 at the time of purchase. Whales Like WLFI Bet Big On DAO Token AAVE $AAVE whales have also been unusually active lately. One whale transferred $750K worth of $AAVE to cold storage, which suggests a long-term investment strategy and a strong belief in the project’s future. Another $AAVE investor cashed out $11.3M in total profits over the past two days as the token’s price grew by 25%. However, they still hold 28K $AAVE with over $7M in unrealized gains. Even Trump’s World Liberty Financial bought $4.7M worth of $AAVE, which puts it in the top six assets in the company’s portfolio, right after $ETH, $USDC, $WBTC, $STETH, $USDT, and $TRX. The DAO token sector market cap now stands at $40B, a 2% increase in the past 24 hours. Uniswap ($UNI) still dominates the niche with a $7.9B market cap, but $AAVE is quickly gaining ground with a $5.4B market cap. It’s easy to see why whales choose DAOs. Investing in DAO tokens gives them influence over the project’s trajectory, so they can potentially secure greater profits – for themselves and everyone else. Besides, decentralization, transparency, and democracy are the very ethos of Web3. Whales recognize that community-driven projects drive the evolution of finance and technology. Last Chance to Join the Flock & Reap Rewards One early-stage DAO with massive potential is Flockerz ($FLOCK), ‘the people’s meme coin.’ Flockerz is technically a DAO, so the core concept isn’t new, but it introduces a unique V2E system where members earn rewards for voting on development proposals. No other DAO gives extra tokens for engagement. Apart from governance rights, the $FLOCK token gives its holders 249% staking APY and access to the Flocktopia community. As one of the best meme coins, the project has raised nearly $12.5M on presale, which is set to end in two hours. This is the last chance to join Flocktopia before $FLOCK spreads its wings and soars to new heights. Any DAO’s success hinges on the loyalty of its members, so Flockerz allocates a substantial 25% of the total token supply to staking yields and another 25% for voting rewards. These incentives encourage early birds to stick around for the long flight. Early Bird Gets the Worm Whale interest in DAOs demonstrates that power is shifting from corporations to the public. The future of finance is community-centric, and each single one of us can support this revolution by joining projects like Flockerz, which could explode after its presale ends. To the flock, before it takes off, visit the Flockerz website, connect your wallet, and exchange $ETH or $USDT for $FLOCK. However, remember to DYOR, and don’t put all your eggs in one basket. Even projects with strong fundamentals don’t guarantee returns.

[cryptogirl2024]

Several altcoins like Immutable (IMX), Dogwifhat (WIF), Lido DAO (LDO), Dogecoin (DOGE), and Sui (SUI) are displaying promising technical patterns. The analysis comes as Bitcoin pushes past $106,400, suggesting potential breakout opportunities in the coming week. Here’s an analysis of five cryptocurrencies showing notable market movements.

Immutable 

IMX is trading at $1.81 at press time, recording a 2.6% increase in the last 24 hours, with a market cap of $3.06 billion. The token’s technical indicators suggest potential for a push toward $2.50, supported by a 39.7% monthly gain and healthy trading volume of $110 million. The token’s strong performance over the past 30 days provides a solid foundation for further upward movement.

Dogwifhat

WIF continues its run at $2.78, up 1.7% in the last 24 hours with a market cap of $2.77 billion. Despite a 23.4% weekly decline, WIF maintains a 4,030% yearly return. This suggests strong long-term momentum that could drive prices toward $4.80. The token’s 24-hour trading range of $2.71 to $2.91 indicates active price discovery.

[criptovalutait]

I token della DeFi continuano a far parlare di sé, e in queste ultime ore è il turno di Lido DAO (LDO). In un dicembre altalenante per molte crypto, sta registrando un rialzo del 20%, dopo che il mese di novembre si era già chiuso con un +75%. Lido DAO prosegue il rialzo a dicembre Attualmente, LDO  - scambiato sui migliori exchange, tra cui Bybit, che offre 1000$ gratis - quota 2,180 USDT, in rialzo dell’8% nelle ultime 24 ore, riportando in positivo la candela weekly. Ad inizio settimana, il prezzo di LDO aveva toccato un minimo a 1,443 USDT, pertanto il rimbalzo in atto è di circa il 45%. Tuttavia, osservando il suo andamento da inizio 2024, Lido DAO è ancora in rosso del 16%. Difficoltà e opportunità per Lido DAO Questo dato relativo alla performance ancora negativa da inizio anno fa intuire come l’andamento di Lido DAO sia stato difficoltoso e travagliato nel corso del 2024. Tuttavia, la fase attuale, con il rialzo in atto, potrebbe portare a una ripresa più duratura del prezzo di LDO. Come detto, il settore della DeFi sta vivendo una "primavera" con rialzi importanti di diversi token. Per citarne solo alcuni, da inizio novembre AAVE è cresciuto del 130%, SushiSwap del 160%, Curve del +240%. Questo movimento è stato spinto non solo dall'elezione di Trump alla Casa Bianca, ma anche dal fatto che la famiglia Trump è coinvolta in un suo progetto crypto noto come Financial Liberty World (FLW). Il loro attivismo nello sviluppo sta coinvolgendo direttamente token come AAVE e ChainLink. Analisi Weekly di Lido DAO negli ultimi 24 mesi Lido Dao (LDO) - Weekly 13 Dicembre 2024 Sul grafico weekly abbiamo una panoramica del prezzo di Lido DAO degli ultimi 24 mesi, da quando ha avuto il primo impulso rialzista nell’autunno 2022. Il prezzo si è mosso in una serie di swing al rialzo e al ribasso nel corso del 2023. A fine autunno 2023 si è formato un boom seguito da un’accelerazione rialzista di Lido nella prima parte del 2024. La leg up ha spinto LDO a un massimo annuale di 4,036 USDT, avvicinandolo alla resistenza principale in area 4,15 USDT.  di $LDO è arrivato a toccare la resistenza di lungo periodo indicata nell’analisi del 24 gennaio: … la resistenza principale a 4,15 USD, con la possibilità di una nuova fase rialzista e possibile ingresso in bull run. Alessandro Lavarello – Trader professionista e analista di Criptovaluta.it Fase Discendente e Accelerazione Rialzista Dal massimo di marzo, Lido DAO ha attraversato una fase discendente, registrando il minimo annuale a 0,8779 USDT in settembre. Sul grafico si evidenzia un box range che è stato rotto solo con l'accelerazione rialzista di novembre. Rottura del Box Range a novembre Lido Dao (LDO) - Daily 13 Dicembre 2024 Passando al grafico daily, si possono cogliere gli ultimi movimenti di Lido DAO. Il breakout definitivo è avvenuto il 21 novembre, da cui il prezzo ha avviato una leg up rialzista avvicinandosi alla resistenza vettoriale del movimento annuale a 2,45 USDT. Il prezzo ha raggiunto un massimo di 2,3790 USDT, per poi ritracciare. Movimento di Ritracciamento e Supporti Come evidenziato sul grafico, Lido DAO, in tre giorni, ha registrato una discesa del 35%, toccando un minimo di 1,517 USDT, poco sotto il supporto principale a 1,62 USDT, relativo al vettore che parte dal minimo di novembre. Il minimo è stato toccato in spike, seguito da un rimbalzo. Nella giornata di ieri, il prezzo ha segnato un +18%, raggiungendo nuovamente il massimo di 2,37 USDT. Obiettivi e livelli chiave In questo scenario, sul lato long, sarà necessario un breakout della resistenza a 2,45 USDT per confermare il trend rialzista. Sul lato short, il primo livello di appoggio di breve si trova a 1,95 USDT, con un supporto più rilevante in area 1,62 USDT. Read the full article

[elytsbranding]

Asian Trading Session Update: Market Dynamics and Crypto Movements

Over-The-Counter (OTC) & Allied Trades Desk Flows

Ethereum (ETH): The session recorded light buy flows, indicating cautious optimism among traders.

Bitcoin (BTC): Exhibited balanced two-way flows, suggesting a market in search of direction.

Solana (SOL): A pronounced sell skew was observed, with sell orders outnumbering buys at a ratio of 2:1.

Altcoins Movement: Helium (HNT), Toncoin (TON), and Algorand (XAI) experienced buying interest. In contrast, Gala (GAL) and Lido DAO (LDO) faced selling pressures.

Crypto Markets & Noteworthy Headlines

Market Corrections: Exchange-Traded Funds (ETFs) saw net outflows, pressing down spot prices for key cryptocurrencies. Ethereum notably fell below the $3,300 mark, experiencing a sharp 5% drop. Meanwhile, Bitcoin hovered around the $64,400 level.

Solana's Growth: Solana's Total Value Locked (TVL) has soared to $5.3 billion, marking a significant 25% increase over the past month and reaching its highest point since January 2022.

XRP's Uptick: Optimism about a potential settlement with the SEC has bolstered XRP, gaining notable market support.

Layer 2 Ethereum Tokens: These tokens mirrored Ethereum’s overnight sell-off, showing heightened volatility.

Stablecoins: An uptick in USDT liquidity hints at a possible rise in Bitcoin prices, aligning with historical trends.

Volatility and Options Market

Volatility Trends: Both Bitcoin and Ethereum are seeing decreased volatility, aligning with spot market movements. The options market is currently skewed towards puts as we approach the month-end expiry.

Options Dynamics: Vega selling is prominent with a decline in demand for BTC and ETH calls for the coming months. The sentiment post-expiration remains a focal point, especially with significant political events on the horizon.

Macro Economic Landscape

Treasury Yield Curve: A sharp steepening in the Treasury yield curve as market anticipates more aggressive rate cuts, potentially setting the stage for a bullish trend reminiscent of the one that started in late 2022.

Tech Stock Shifts: A negative shift in market sentiment toward tech stocks was noted as the Nasdaq fell over 3.5%, influenced by recent tech earnings.

Economic Indicators: The PCE Core index is in focus today, with market eyes also set on upcoming earnings reports from major tech companies like Amazon, Apple, Microsoft, and Meta Platforms.

Stay tuned for more updates and insights as we continue to monitor these developing trends across the financial and cryptocurrency markets.

[samdrews]

Lido DAO (LDO) and Terra Classic (LUNC) have shown contrasting market trends. LDO, despite an 18% rise over the last week, continues a downtrend, with current volatility reflecting uncertain market sentiment. Analyst Tony suggests investing only if LDO surpasses $1.40, with current support around $1.30.

In contrast, Terra Classic (LUNC) has seen robust growth, with a 44.12% increase over the past year. With a market cap of $420 million, ongoing efforts like Binance’s monthly burns and Terraform Labs’ planned burns have fueled optimism for LUNC’s future, suggesting potential continued value growth.

[coineagle]

ETH, AAVE, and UNI Price Impact: Unravelling the Mystery of the Whale’s Latest Move

Key Points

The SEC has delayed the decision on Spot Ethereum ETFs, causing a sell-off of Ethereum-based tokens.

A single whale/institution sold millions worth of Ethereum-based tokens, causing significant price drops.

The President of ETF Store, Nate Geraci, recently announced that the United States Securities and Exchange Commission (SEC) has postponed the decision on the launch of Spot Ethereum ETFs from 2 July to mid-July.

This announcement sparked a significant sell-off across numerous Ethereum based tokens.

Whale Sells Ethereum Tokens at a Loss

On 3 July, Lookonchain, an on-chain analytics firm, reported that a single whale or institution sold millions worth of Ethereum-based tokens. These included Lido DAO (LDO), Aave (AAVE), UniSwap (UNI), and Frax Share (FXS).

The sell-off resulted in a substantial price drop for these tokens. For instance, LDO experienced a 14% price drop, AAVE depreciated by 9%, UNI declined by 5%, and FXS lost 12% of its value.

The whale initially spent over $73 million to purchase Ethereum and related tokens. Despite the significant sell-off, the whale still holds a substantial amount of LDO and AAVE.

Impact on Ethereum’s Price

This massive sell-off suggests that if the SEC delays the Spot Ether ETFs again, there could be another significant sell-off of ETH and related tokens. Steve Kurz, the Head of Asset Management at Galaxy Digital, told Bloomberg that the SEC could potentially approve the Spot Ether ETF within the next few weeks.

On the price charts, Ethereum appears to be near its critical support level of $3,250 and below the 50 EMA. If Ethereum fails to maintain this level, there could be a significant downside move to the $2,870 level.

Despite the optimism around Spot Ether ETFs, Ethereum also recorded a price drop of 5% in the last 24 hours.

[drewssam]

LIDO Price Analysis: LDO Surges 34% in two-days; Is Time To Buy?

LIDO DAO (LDO) kicked off the new year with a notable surge, driven by growth in daily active users and Ethereum stakers. The token's price soared by over 12% in the second consecutive session, propelled by its momentum oscillator entering "overbought territory."

At its peak on Monday, LDO reached $1.26, reflecting bullish sentiment supported by technical indicators and underlying fundamentals. However, a bearish divergence in the 4-hour Relative Strength Index (RSI) suggests a potential short-term pullback as the rally may pause.

Currently trading at $1.20, up 12.03% for the day, LDO/USD's 24-hour trading volume surged by over 180%, indicating bullish momentum. The Moving Average Convergence Divergence (MACD) remains above the midline, albeit with a slight slowdown in bullish momentum.

Despite the bullish outlook, the possibility of a retracement towards the $1.15 resistance zone is plausible, particularly if more sellers enter the market, potentially targeting $1.05. Conversely, a daily close above $1.26 could signal continued upward momentum, targeting a November high of $1.29.

On the fundamental front, Lido Finance surpassed MakerDAO in total value locked (TVL), boasting a $5.98 billion staking service across various networks, relegating MakerDAO to second place with $5.93 billion in TVL. This shift underscores LIDO's growing prominence in the decentralized finance (DeFi) space.

[jeewan86]

crypto

[claudiaschiffersblog]

Колишні співробітники LedgerPrime запустили хедж-фонд

Колишні фахівці з інвестицій у LedgerPrime Захір Ебтікар і Майкл Черчхаус анонсували важливу подію. Вони повідомили про запуск нового хедж-фонду Split Capital. Його метою стала "більш довгострокова перспектива з акцентом на інвестиції в ліквідні токени". Стало відомо, що Фонд Split Capital був заснований спільно з ще одним фахівцем Наєм Бунконгкірдом. Радником організації виступить колишній директор відділу інвестицій LedgerPrime Шилян Тан. "Минуло багато часу і я радий оголосити про офіційний запуск Split Capital", - написав Ебтікар на своїй сторінці в соціальній мережі X. "Концепція була у мене в голові багато років, і я мріяв втілити її в життя". Основними спонсорами нового фонду стали Нові Лорен з UTXO Management і співзасновник CMS Holdings Ден Матушевскі. Точна сума грошових коштів, доступних для інвестування невідома. Представники Split Capital повідомили, що озвучать точні цифри пізніше, "якщо це дозволять зробити нормативні обмеження". За словами Ебтікара, "стратегія Split Capital включає довгостроковий погляд на інвестиції в токени, а не продаж, щойно цифрові активи стануть ліквідними". Він пояснив, що Фонд призначений для інвесторів, які бажають вкладати кошти в розвиток блокчейна та індустрію криптографії, а не просто отримати прибуток на спекуляціях. Як приклад Ебтікар навів рекомендацію його команди. Він зазначив, що ще в грудні 2022 року, фінансові аналітики установи радили купувати Solana (SOL), Lido DAO (LDO) і Synapse (SYN). Усі ці цифрові активи суттєво зросли у вартості протягом 2023 року. Скандальна торгова платформа FTX придбала LedgerPrime у 2021 році. Ебтікар протягом року працював портфельним менеджером, перш ніж піти у вересні 2023 року, Черчхаус також раніше працював в інвестиційній команді відділу децентралізованих фінансів (DeFi) у Nickel Digital Asset Management. Read the full article

[dencyemily]

Market Dynamics Shift as Whales Take Profits from Lido DAO, Signaling Changes

The Lido DAO (LDO) market is experiencing a strategic shift in large-scale investor behavior, notably among whales. On-chain data from Santiment reveals consistent profit-taking by whales since December 25, 2023, as evidenced by transactions exceeding $100,000 and a noticeable surge in the Network Realized Profit/Loss metric.

Moreover, the LDO supply on exchanges has increased from 5.09% to 5.69% since January 9. While a rise in exchange supply typically signals potential selling pressure, the market displays notable resilience in the face of these dynamics.

Transaction volumes in LDO have witnessed significant fluctuations, with recent days showing a spike in activity. The moving averages of transaction volume present a nuanced picture, with the longer-term trend (200-day moving average) remaining stable while the short-term trend (7-day moving average) reflects volatility.

A daily price chart analysis from TradingView provides additional insights. The closing price around $2.982, coupled with recent low trading volume, paints a complex picture of market sentiment. The Exponential Moving Average (EMA) suggests a slight uptrend, and the Relative Strength Index (RSI) stands at a neutral 50.08, indicating a balanced market.

CoinMarketCap data indicates a positive shift in Lido DAO, with a 6.51% increase to $3.02 in the last 24 hours. This uptick reflects investor confidence amidst observed whale activities.

Notably, recent actions by prominent investors, such as a whale withdrawing 361K LDO and accumulating over 1 million LDO in the past week, underscore a strategic approach to market movements. This blend of whale activities and market resilience makes the LDO market a fascinating study in current cryptocurrency trends.

[thenewsart]

Cardano slows down, Lido DAO and Meme Moguls draw investors

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Investors are eyeing Meme Moguls (MGLS) and Lido DAO (LDO) as potential catalysts for future gains. Meanwhile, Cardano (ADA) faces challenges, losing market momentum and reputation. Meme Moguls may flip Dogecoin and Shiba Inu Meme Moguls is garnering…

[cointahmin]

Kripto piyasasının bir müddettir stabil seyretmesi üzerine birçok altcoin’de satış baskısı görüldü, bugünün en çok düşen altcoin’lerini derledik.Bitcoin’in (BTC) birkaç gündür 28.000 dolar fiyatları civarında dolaşması üzerine, birçok altcoin’de satış dalgası başladı. BTC tarafından yükseliş bekleyen kripto yatırımcıları, kripto ticaretlerini satış odaklı sürdürmeye devam ediyor. Bugünün en çok kıymet kaybeden altcoin’lerini derledik.1- Injective (INJ)INJ, Cosmos (ATOM) blok zinciri üzerinde, bir Katman-1 uygulaması olarak oluşturuldu. INJ protokolü, yatırımcılar için Ethereum (ETH) ve Polkadot (DOT) üzere platformlardan kripto para ünitelerine de erişmesine imkan sağlamak maksadıyla zincirler ortası köprüler kullanır. INJ, yüzde 4,87’lik bir düşüş sergileyerek günü en çok bedel kaybeden altcoin’i oldu.2- Klaytn (KLAY)KLAY‘in temel amacı Blockchain’in şeffaflık, izlenebilirlik, değişmezlik ve gizlilik üzere kendine has özelliklerinden faydalanabilmek formunda açıklanmıştı. Ayrıyeten şirketlerin kullanıcılarını, sponsorlu içerikler ile etkileşime geçtiklerinde yahut mikro kripto ticareti gerçekleştirdiklerinde NFT ile ödüllendirmelerine imkan sunar. KLAY, yüzde 3,10’luk düşüş göstererek günün en çok paha kaybeden 2.altcoin’i oldu.3- Lido DAO (LDO)LDO, baştaEthereumolmaküzerebirçok blokzincir üzerinde kullanıcıların likit olarak varlık stake etme ve düğüm oluşturmaya imkan sağlayan bir projedir. LDO, platformun lokal token’ı olup, platform üzerindeki sistemlerde oy hakkı, fiyat ölçüsü ve dağılımının belirlenmesi ve eklenecek olan ağ takviyeleri için kelam hakkı sunar. LDO, yüzde 2,83’lük bir düşüş göstererek günün en çok paha kaybeden 3.altcoin’i oldu.

[coinmystique]

Ethereum staking protocol Lido Finance has assured each Lido DAO (LDO) and staked-Ether (stETH) tokens stay protected regardless of hackers allegedly exploiting a identified safety flaw in LDO’s token contract.Lido didn’t confirm any exploits, however acknowledged the safety flaw was identified and reassured LDO and stETH funds stay protected in response to a Sept. 10 submit by blockchain safety agency SlowMist.SlowMist mentioned LDO’s flawed token contract permits unhealthy actors to facilitate “fake deposit” assaults on exchanges as a result of LDO’s token contract allows customers to execute transactions even the place they don’t have enough funds. This code deviates from the Ethereum Request for Remark 20 (ERC-20) token customary, in accordance with SlowMist.Nevertheless, Lido Finance argued the flaw is constructed into all ERC-20 tokens — not simply Lido’s LDO token:This behaviour is anticipated and conforms to the ERC20 token customary (see tweet under). Each LDO and stETH (and Lido governance) stay protected.Lido token integration guides shall be up to date with LDO specifics to make this extra seen shortly.— Lido (@LidoFinance) September 10, 2023SlowMist mentioned the “fake deposit” assaults got here from LDO’s token contract executing transfers the place the worth is bigger than what the person really owns, triggering a false return versus reverting the transaction. Whereas the agency mentioned Lido’s token contract has just lately been exploited by way of this assault, no on-chain proof was supplied.Cointelegraph reached out to SlowMist for remark however didn't obtain a right away response.In the meantime, on-chain analyst “Hercules” explained on Sept. 10 that the safety flaw will not be picked up by cryptocurrency exchanges.SlowMist recommends LDO holders to additionally test the return values of the token contract transfers along with the success or failure of a transaction.The blockchain safety agency concluded that token contract implementations and behaviors fluctuate by venture and to conduct complete testing earlier than integrating any new tokens.Associated: Ethereum staking providers comply with 22% restrict of all validators Nevertheless, Lido highlighted within the official Ethereum Enchancment Proposal doc — co-authored by Vitalik Buterin in November 2015 — that each the “transfer” and “transferFrom” capabilities should return the switch standing and are solely beneficial to revert a transaction in distinctive instances.ERC20 token customary: https://t.co/YlrS1ZN6Fd1) Each switch and transferFrom are required to return switch standing and are solely beneficial to revert a tx in distinctive instances.2) The usual says that a caller is obliged to test the return standing (see ‘Token methods’). pic.twitter.com/6KTcIyxo2F— Lido (@LidoFinance) September 10, 2023To resolve the safety flaw, Lido confirmed the LDO token integration guides will quickly be up to date.Journal: DeFi Dad, Corridor of Flame: Ethereum is ‘woefully undervalued’ however rising extra highly effectiveSupply: https://cointelegraph.com/information/lido-assures-ldo-token-remains-safe-despite-flaw-in-token-contract

[shadowseekernews]

Former LDO holder files class-action lawsuit against Lido DAO for crypto losses

An LDO holder initiated a class-action lawsuit against the governing body for liquid staking protocol Lido, according to a complaint filed in a San Francisco United States District Court on Dec. 17. The lawsuit alleges that Lido’s LDO token is an unregistered security and that the Lido decentralized autonomous organization (Lido DAO) is liable for plaintiffs’ losses from the token’s price…

[ailtrahq]

Bitcoin BTC/USD moved lower, with the cryptocurrency prices trading below the $27,200 level on Wednesday.Ethereum ETH/USD, also edged lower, trading below the key $1,600 mark this morning.Producer prices in the U.S. increased 0.5% month-over-month in September, versus a 0.7% rise in the prior month, but above market expectations of 0.3%.Render RNDR/USD was the top gainer over the prior 24 hours, while XDC Network XDC/USD turned out to be the biggest loser.At the time of writing, the global crypto market cap fell to $1.06 trillion, recording a 24-hour decline of 0.6%. BTC was trading lower by 0.9% at $27,171 while ETH fell by around 0.2% to $1,572 on Wednesday.Here are the top ten crypto gainers and losers over the past 24 hours:Gainers Render RNDR/USD Price: $1.82 24-hour gain: 4.5%eCash XEC/USD Price: $0.00002424 24-hour gain: 3%Maker MKR/USD Price: $1,405.25 24-hour gain: 2.9%Frax Share FXS/USD Price: $5.37 24-hour gain: 2.5%Lido DAO LDO/USD Price: $1.56 24-hour gain: 2.3%Losers XDC Network XDC/USD Price: $0.04752 24-hour drop: 4.4%IOTA IOTA/USD Price: $0.1407 24-hour drop: 4.1%Cosmos ATOM/USD Price: $6.65 24-hour drop: 3.7%Mantle MNT/USD Price: $0.3571 24-hour drop: 3.2%dYdX DYDX/USD Price: $1.89 24-hour drop: 2.9%Read This Next: Sportsman's Warehouse And 3 Other Stocks Under $5 Insiders Are Buying