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Cryptocurrencies Price Prediction: AVAX, Cardano & Algorand — Asian Wrap 17 Feb

Cryptocurrencies Price Prediction: AVAX, Cardano & Algorand — Asian Wrap 17 Feb
FXStreet TeamFXStreet TeamFXStreet

AVAX, MATIC, Uniswap witness explosive on-chain activity, on track for massive price rally

Messari Crypto's Analysts reveal that active Avalanche addresses hit a new all-time high in Q4 2021. The DeFi boom that started in the last quarter of 2021 fueled a spike in on-chain activity in AVAX, MATIC and Uniswap. Liquidity providers on Uniswap earned 54% more fees than in Q3 2021, indicating network growth and rising utility. 

Cardano Price Prediction: ADA readies for another run to $1.30

Cardano price experienced a nice jump higher on Monday, closing the session with a 5.5% gain. Concerns about crossing and staying above the Kijun-Sen continued until almost, literally, the last minute of the daily candlestick. Bulls have one more nearby resistance level before ADA would likely move towards $1.30 – the primary resistance level on its chart.

Musk family is bullish on Algorand, invests in decentralized music platform Dequency

Algorand based Dequency raised funds from investors, including Elon Musk's siblings Tosca and Kimbal. Dequency, a decentralized music platform, has raised $4.5 million in its latest investment round. Algorand Dapp Dequency raised some cash from several investors, including two of Elon Musk's siblings.
 

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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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Ripple eyes $1.50 breakout despite softening on-chain activity

Ripple eyes $1.50 breakout despite softening on-chain activity

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Zcash Price Forecast: Rally hits nine-year high above $1,000 amid growing shielded demand

Zcash Price Forecast: Rally hits nine-year high above $1,000 amid growing shielded demand

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Crypto’s $638 million buyback boom may not be as bullish as it looks

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Crypto Today: Bitcoin, Ethereum, XRP recovery takes a breather amid capital inflows

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Bitcoin: Gearing up for a sharp move

Bitcoin: Gearing up for a sharp move

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