Cryptocurrencies Price Prediction: Token, Stellar & Bitcoin – European Wrap 30 January
|Token unlock worth $330 million could impact these four cryptos
Crypto protocols Optimism (OP), Sui (SUI), ZetaChain (ZETA) and DYDX (DYDX) are set to unlock $330 million in scheduled events this week. These four cryptos unlock between 1% and 7% of their circulating supply. Traders should be cautious as token unlocks frequently generate negative sentiment among investors as they represent an increase in circulating supply, weighing down prices.
Stellar Price Prediction: XLM bulls aim for 110% rally
Stellar’s (XLM) price hovers around $0.40 on Thursday after falling by 3.4% in the last two days. The technical outlook shows the formation of a symmetrical triangle if it breaks above the target at the $0.84 level, which is 110% of its current trading levels.
Bitcoin Price Forecast: BTC holds above $105,000 amid US macroeconomic data release
Bitcoin (BTC) holds above $105,000 at the time of writing on Thursday despite the Federal Reserve’s (Fed) decision to halt interest rate cuts in the United States (US) the previous day. Traders should watch the upcoming United States (US) Gross Domestic Product (GDP) for the fourth quarter of 2024 data release on Thursday, which could bring volatility to Bitcoin. Glassnode reports that BTC’s bull cycle mirrors 2015–2018, with room for further euphoria-driven growth.
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