fxs_header_sponsor_anchor

Cryptocurrencies Price Prediction: Ethereum, Bitcoin & Injective – American Wrap 08 May

Ethereum may be gathering momentum for potential rally, Vitalik Buterin introduces EIP-7702

Ethereum (ETH) price action on Wednesday shows it could be gathering momentum for a rally as the number one altcoin's co-founder, Vitalik Buterin, and co-authors have published Ethereum Improvement Proposal (EIP) 7702 as an alternative to EIP-3074. The Ethereum Foundation also appears to be dumping ETH tokens again with a recent transfer.
Bitcoin (BTC) price is chopping downwards on the one-day time frame, while the outlook seen in the one-week period is a horizontal trade. In this shakeout moment, data shows that large holders are using the correction to buy up BTC.

Injective (INJ) had a market capitalization of close to $4.5 billion at its peak in March 2023. At nearly half its market cap, the DeFi protocol has proposed a solution, likely to reinstate INJ to its former glory through higher relevance and fresh capital injection. 

Injective plans to launch a Layer 3 chain on Arbitrum, using its Orbit toolkit that allows developers to build customizable chains. 

 

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2025 FOREXSTREET S.L., All rights reserved.