Cryptocurrencies Price Prediction: Algorand, Bitcoin & Uniswap — Asian Wrap 13 January
|Algorand Price Prediction: Is this 25% upswing the start of a new rally?
Algorand price is displaying a stunning bullish performance. Still, subtle cues of the uptrend show a need for caution to be applied. Algorand price has forgotten the bearish sentiment lingering around risk assets, including cryptocurrencies. On January 12, the scalable blockchain token stands elevated 25% above the New Year's opening price.
Bitcoin price rallies to $18,880 as US inflation rate drops to 6.5%
Bitcoin reacted positively to the announcement of the US Consumer Price Index (CPI) for the month of December 2022, as did the rest of the crypto market. Bullishness in the stock market is also expected over the next few days; however, as per some industry players, this good news might have been a one-time thing.
UNI Price Prediction: Uniswap sees traders pump price as US inflation falls in line
Uniswap (UNI) price strengthened on Thursday after the US inflation numbers came out. Although the data were in line with estimates, markets were not disappointed as overall inflation is still cooling. On the back of that, the Greenback weakened, equities jumped and cryptocurrencies rallied.
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