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Cryptocurrencies Price Prediction: Bitcoin, The Graph and Cardano – European Wrap 20 August

Cryptocurrencies Price Prediction: Bitcoin, The Graph and Cardano – European Wrap 20 August
FXStreet TeamFXStreet TeamFXStreet

Bitcoin Weekly Forecast: Adoption wades through roadblocks as BTC price targets $50,000

Bitcoin price is making a comeback after a recent pullback. This attempt will confirm if the resurgence of bulls is true by producing a higher high above the recent swing high and propel BTC higher.

BTC/USDT 1-day chart

The Graph Price Prediction: GRT stares at 70% upswing after breaching crucial level

The Graph price showed a strong move that shattered a crucial resistance level on August 20. This ascent could be a precursor to further gains in the near future.

GRT/USDT 1-day chart


Cardano catches up with Solana and Terra as ADA hits new all-time high

Cardano's market cap has crossed $79 billion, nearly 20% of the second biggest crypto, ETH. ADA rallied over 85% in August in response to the upcoming Alonzo hard fork and smart contract upgrade announcements. Cardano's competitors Solana (SOL) and Terra (LUNA) have surged by over 40% in the past two days. The Ethereum killers are competing for a larger share of the decentralized application ecosystem. 

 

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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 tumbles as sell-side pressure intensifies

Ripple tumbles as sell-side pressure intensifies

Ripple edges lower and trades at $1.45 on Wednesday, as headwinds intensify across the crypto market. Major crypto assets remain in bearish hands, with Bitcoin falling below $84,000 and Ethereum below $2,800.

Crypto Today: Bitcoin, Ethereum and XRP fall liquidating $550M

Crypto Today: Bitcoin, Ethereum and XRP fall liquidating $550M

Bitcoin’s correction follows a recent rejection due to supply around $87,200. Altcoins are generally in a correction trend, as Ethereum edges lower toward the next key support at $2,600 and Ripple extends its down leg near the $1.45 demand area.

Polygon extends decline as shutdown rumors fuel panic selling

Polygon extends decline as shutdown rumors fuel panic selling

Polygon is down nearly 5% on Wednesday, amid selling pressure linked to rumors of a network shutdown sparked by a social media post. Derivatives data shows a sell-side dominance as Open Interest declines 13% over the last 24 hours while funding rates flip negative.

Pi Network Price Forecast: Steady decline risks a lower leg below $0.080

Pi Network Price Forecast: Steady decline risks a lower leg below $0.080

Pi Network (PI) continues to extend a bearish phase over the last seven days, risking a breakout below the $0.0800 round figure. The social chatter surrounding the PI token is on the rise, likely driven by investors’ fear.

Bitcoin: Is BTC setting up for an Uptober rally?

Bitcoin: Is BTC setting up for an Uptober rally?

Bitcoin (BTC) extends its gains, trading near $86,000 at the time of writing on Friday after closing September 6.33% up, reversing its seasonal weakness. Historical data suggest October could be a strong month for BTC, especially after a positive September.