Cryptocurrencies Price Prediction: Cardano, Chainlink & Solana – American Wrap 27 July
|Cardano price flaunts 40% in sustained uptrend on the back of active development activity
Cardano (ADA) price has managed to sustain along an ascending trendline for almost two months, recording higher highs and higher lows. The positive outlook remains pronounced despite traders cashing in from the July 13 rally when overflows from the Ripple's partial victory in the XRP versus SEC lawsuit boded well for tokens the financial regulator had labeled securities.
Chainlink price struggles to recover despite $77 million worth of LINK accumulated by whales
Ethereum Community Conference (EthCC) in Paris in mid-July 2023 was an opportunity for Chainlink to launch the Cross-Chain Interoperability Protocol (CCIP) into the early access phase. Chainlink founder Sergey Nazarov informed the community that the CCIP can be viewed as a fragmented space for developers to build applications on top of it.
The launch of CCIP is expected to act as a catalyst for higher adoption of Chainlink as more developers and projects are incentivized to join the ecosystem.
Solana Price Prediction: SOL continues its 10% rally after fakeout
Solana (SOL) price slipped below a crucial support structure to balance out an imbalance. Completion of this goal was quickly followed by a spurt of buying pressure that undid the recent losses. Now SOL could trigger another swift rally to collect liquidity to the upside.
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