Cryptocurrencies Price Prediction: Memecore, Ethereum & Ripple — Asian Wrap 24 July
|Altcoins market turns red as Ethereum drops below $3,700: Memecore and Story hold gains
Memecore (M) and Story (IP) edge higher at press time on Thursday, holding onto the gains from Wednesday as the altcoins market turns red. The technical outlook indicates a bullish incline as Memecore hints at a potential range breakout and Story’s wedge breakout rally gains traction. Memecore edges higher at press time on Thursday within a sideways track on the 4-hour price chart. The recent recovery targets the 23.60% trend-based Fibonacci level at $0.5430 as Memecore inches closer to the $0.5000 psychological level.
Ethereum Price Forecast: ETH falters before $3,800 as validator queue spikes to eighteen-month high
Ethereum (ETH) declined 4% on Wednesday, following a spike in its validator queue to an 18-month high of 633,000 ETH. The growing queue, coupled with a price decrease, reflects signs of profit-taking after a sustained uptrend. The queue for staked coins attempting to exit validator responsibility on Ethereum has reached its highest level since January 2024. The queue, which began trending upward on July 16, surged to 633,000 ETH on Tuesday, with an average waiting time of 11 days, according to data from Validatorqueue.com.
XRP dropped 12% on Wednesday amid Nature's Miracle's plan to launch a $20 million reserve focused on the remittance-based token. Agrotech firm Nature's Miracle announced plans to launch a corporate XRP treasury, becoming one of the latest public companies to adopt the digital asset as part of its reserve strategy.
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.