Cryptocurrencies Price Prediction: The Sandbox, Litecoin & Vechain — Asian Wrap 08 February

FXStreet Team FXStreet

The Sandbox price explodes by 28% after partnering with Saudi Arabia DGA; another 27% jump on cards?

The Sandbox is considered the flagbearer of the Metaverse world, and individuals across the seas recognize the same. As a result, the virtual world token is experiencing extreme bullishness, which could harm the coin’s sustained rise if not within control.

Litecoin Price Prediction: Bullish cues underpin rally towards $130

Litecoin price continues to display bullish price action going into the first week of February. If market conditions persist, the bulls may be able to induce an additional 30% rally.

Vechain Price Prediction: No one wants to buy the top

VeChain price continues to display bullish cues, making it a digital asset worth keeping on the immediate watch list. The uptrend may surge at any moment, despite the skeptical market sentiment amongst traders.

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FXStreet Team

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Ripple extends losses as derivatives interest cools

Ripple (XRP) extends its bearish roll near $1.12 support on Friday, reflecting intense headwinds in the broader crypto market largely attributable to macroeconomic pressure.

Crypto Today: Bitcoin, Ethereum, XRP weaken further as capital outflows persist

Macroeconomic headwinds continue to weigh heavily on the cryptocurrency market on Friday, prompting major assets like Bitcoin (BTC) to pare earlier gains and extend losses after June’s brief relief rally.

Bitcoin Weekly Forecast: Recovery hopes fade after the Fed spoils the party

Bitcoin is set to end the week in the red, trading near the 200-Week Simple Moving Average at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds point to a sixth consecutive week of outflows.

Sui risks a deeper bearish leg despite on-chain resilience

Sui is down 2% on Friday, extending its decline toward the recent support leg formed at $0.6618. The Total Value Locked in the Sui ecosystem has stabilized around 600 million SUI tokens, reflecting resilient user demand.

Bitcoin: Recovery hopes fade after the Fed spoils the party

Bitcoin (BTC) is set to end the week in the red, trading near the 200-Week Simple Moving Average (SMA) at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds (ETFs) point to a sixth consecutive week of outflows.