Cryptocurrencies Price Prediction: Bitcoin, Yearn.finance, and EOS – European Wrap 8 October


Top 3 Price Prediction Bitcoin, Ethereum and Ripple: Bulls running out of options

The tug of war is intensifying in the cryptocurrency market, but there is no apparent winner at the moment. The drab action is probably developing into a perfect squeeze ahead of a breakout across the market. However, it is worth mentioning that some digital assets are already trading in the green, defying the bearish wave. For instance, VeChain is up 10% in the last 24 hours. As discussed earlier, REN soared more than 20% following the listing on Coinbase. Other digital assets in the top 100 performing incredibly well are Ocean Protocol, up 22% and Elrond, up 13%. Read More ...

 

BTC/USD hourly chart

Yearn.finance Price Prediction: YFI hunts for a bottom as $10,000 beckons

The decentralized finance (DeFi) ecosystem has been wallowing in losses over the past several weeks. According to Santiment, a leading provider of on-chain data, the total market capitalization of the DeFi ecosystem has plummeted by 25% in the last 24 hours alone. Moreover, a 30% decline in trading volume was also incurred in the same period. Some of the tokens that are leading in the freefall include Yearn.finance (YFI), Sushi (SUSHI) and Serum (SRM). Read more ...
 

YFI/USD price chart

EOS Technical Analysis: Bears get ready to take over as EOS flashes sell signal in the 12-hour chart

EOS made the headlines this Tuesday when they appointed Goldman Sachs veteran, Martin Chavez, to lead the advisory board. The price reacted very favorably to this news and jumped up from a low of $2.48 to an intraday high of $2.97. However, EOS was not done making headlines. Along with Chavez joining the advisory board, news hit that Google Cloud would be joining the Ethereum killer’s blockchain ecosystem as a block producer. Read more ...

 

EOSUSD 12-hour chart

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Cardano Price Prediction: ADA bound for another 30% crash

Cardano (ADA) price action is not seeing the turn in sentiment that was expected with the start of a new trading week. Geopolitical talks are ramping up again this Monday regarding Russia, and investors are awaiting details of monetary tightening by the FED later this week, making investors an absent party in the cryptocurrency market for the first few days of the week. 

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Experts blame OpenSea and NFT issuers for Ethereum price crash

Ethereum’s recent drop in price was fueled by increasing inflows of the altcoin to cryptocurrency exchanges. Experts have blamed direct transfers from NFT marketplace OpenSea for the fall in Ethereum’s price. 

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Axie Infinity price set to dip lower as AXS bulls disappear

Axie Infinity price has dropped below a crucial support level, converting it into a resistance barrier. From here on, any minor uptrend is likely to face rejection at the barrier, leading to a sharp correction.

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Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Crypto carnage continues to unfold

Bitcoin price has witnessed a massive crash over the past week, undoing the gains seen since July 25. Ethereum, Ripple and other altcoins have followed suit, experiencing an even worse crash. 

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Bitcoin: BTC may capitulate to $30,000

Bitcoin price has dropped considerably over the last three weeks. The recent downswing has made things worse for BTC and hints that a steep correction could be on its way.

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