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Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Worldcoin— American Wrap 17 April

Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Worldcoin— American Wrap 17 April
FXStreet TeamFXStreet TeamFXStreet

Ethereum trades around the $3,000 support following a surge in validator queue

Ethereum (ETH) continued a sideways movement on Wednesday as investors seemed to be waiting for an upward or downward price catalyst. Despite the price stagnancy, the ETH validator queue - possibly fueled by the DeFi restaking boom - rose sharply.
ETH/USDT 1-hour chart
Worldcoin (WLD) announced in a blog post on Wednesday that it would launch a Layer 2 network known as World Chain in the summer. Based on deep integration with the Worldcoin protocol, the new blockchain aims to leverage World ID to prioritize human transactions over bots.
 
Bitcoin (BTC) price is showing weakness despite the halving event being only three days out. The dismal BTC price action comes amid elevated risk levels in the market, causing traders to flee to the more traditional assets for safety.
 

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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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