Cryptocurrencies Price Prediction: Solana, Polygon & Ethereum — Asian Wrap 11 December
|Solana continues to see inflows from the Ethereum chain, SOL price sustains above $72
Solana has captivated market participants' attention and attracted capital inflows from the Ethereum chain. SOL is making headlines for airdrops in the Solana ecosystem and the token has yielded double-digit gains for holders in the past week.
MATIC price could face selling pressure from mounting inflow to exchanges
Polygon’s native token MATIC is likely to succumb to selling pressure from rising inflow of the asset to exchanges. Large wallet investors are sending MATIC to Binance and Coinbase, increasing the selling pressure on the asset.
Ethereum derivatives data points at bullish start for ETH in 2024
Ethereum, the second largest asset by market capitalization is on track to rally towards its $2,500 target in the ongoing cycle. Evaluating derivatives data reveals a bullish bias among market participants in January 2024.
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