Cryptocurrencies Price Prediction: Binance Coin, Casper & Chainlink — Asian Wrap 29 January

FXStreet Team FXStreet

Binance Coin Price Prediction: BNB nurtures a V-shaped recovery with 10% gains in sight

Binance Coin (BNB) price has been consolidating within a descending parallel channel after recording a local top around the $338.3. However, the BNB price found support, and now a recovery rally is in motion.

Casper Price Prediction: Despite a 40% crash in January, CSPR holders could still see more downside

Casper (CSPR) price has suffering a terrible first month of 2024, with token holders losing nearly 40% of the token’s market value in a steep run south. The Casper platform is designed to boost the adoption of blockchain technology, smart contracts, and decentralized applications (DApps) on a global scale.

Chainlink Price Prediction: LINK poised for a move up as network powers tokenized RWAs at scale

Chainlink (LINK) price volatility remains visible on the daily timeframe, as the price moved horizontally within a wide but fixed range between the 50% and 100% Fibonacci levels of $11.66 and $17.74 respectively.

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Pi Network Price Forecast: Bulls attempt comeback as bearish strength fades

Pi Network is trading at around $0.120 on Friday after a modest recovery the previous day. Despite this recent rebound, traders should be cautious as a scheduled unlock of 14.8 million PI tokens on Friday could limit the token's recovery potential by increasing market supply.

Nakamoto cuts debt with $48M Bitcoin sale as treasury firms prioritize balance sheet strength

Bitcoin treasury company Nakamoto sold approximately 600 BTC and related derivatives, according to a statement on Thursday. The company used the proceeds to reduce debt, lower financing costs and extend the maturity of a major loan facility.

Top 3 Price Prediction: BTC tests key resistance, ETH stabilizes, XRP shows signs of bearish exhaustion

Bitcoin is attempting to reclaim the key $64,000 resistance level after staging a modest recovery from recent declines. Ethereum is stabilizing above $1,660 after a slight rebound, while Ripple momentum indicators suggest weakening bearish pressure.

Citigroup to launch blockchain platform for tokenized shares of private companies

Citigroup is preparing to launch a blockchain-based platform that will allow wealthy and institutional investors to trade tokenized shares of private companies, according to a Thursday report by The Wall Street Journal. The platform will use tokenized depositary receipts, with Citi acting as both issuer and custodian.

Bitcoin: After the bloodbath, everyone looks at $60,000

Bitcoin (BTC) hovers above $62,000 at the time of writing on Friday, weighed down by growing risk-off sentiment due to persistent geopolitical tensions in the Middle East and sticky macroeconomic uncertainty. The institutional sell-off continued to wreak havoc on capital flows, with spot Bitcoin Exchange-Traded Funds (ETFs) recording billions in outflows.