Cryptocurrencies Price Prediction: Solana, Monero & Dogecoin — Asian Wrap 12 January
|Solana Price Forecast: SOL rebounds amid steady ETF inflows, privacy-focused hackathon
Solana (SOL) edges higher by 2% at press time on Monday, adding to the nearly 3% rise from Sunday. A steady inflow into US spot SOL-focused Exchange Traded Funds (ETFs) reflects deeper institutional support for Solana. Additionally, Solana is exploring private transactions through a hackathon starting on Monday, which could strengthen demand from retail and smart money.
Top Crypto Gainers: Monero rises toward $600 record high as Story and Render extend gains
Monero approaches the $600 mark, extending the rally in price-discovery mode. At the time of writing, XMR is up 5% on Monday, building on the 18% gains from the previous day. Overall, XMR has gained nearly 35% so far this month as the Zcash developers' crisis boosts capital rotation to Monero. If Monero clears the $600 mark, it could extend the rally toward the R3 Pivot Point at $640.
Dogecoin Price Forecast: DOGE remains range-bound amid major ETF inflows, low retail demand
Dogecoin (DOGE) is trading down at the time of writing on Friday, reflecting a sudden spike in volatility following the release of the United States (US) Nonfarm Payrolls (NFP) report. The Bureau of Labor Statistics (BLS) reported that the US NFP rose by 50,000 in December, below market expectations of 60,000.
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