|

Cryptocurrencies Price Prediction: Cardano, Axie Infinity & Cronos — European Wrap 17 March

Will Cardano network activity by ADA whales fuel a price rally in the Ethereum-killer?

Cardano hit an important milestone in its developmental journey going full peer-to-peer with node 1.35.6. Developers called all Staking Pool Operators (SPOs) to get on the testnet and test the speed and efficiency of the Ethereum-killer blockchain network. 

Chart

Here is why AXS price is looking at a 15% climb to $9.40

Axie Infinity price (AXS) is trading with a bullish bias on the lower timeframe, moving upwards along a bullish trendline. The gaming token followed the precedent set by the broader market, with Bitcoin (BTC) and Ethereum (ETH) taking the lead. It posted a red bar on the chart on March 15 as extreme volatility in the crypto sector spread amid the ongoing financial crisis in the United States. AXS also reacted to Tuesday’s Consumer Price Index (CPI) release. Currently, the altcoin is on course to record further gains for investors as anxiety about these recent events continues to ease.

Chart

Cronos price is the altcoin to watch this week for a breakout trade that could bear a 90% gain by summer

Cronos (CRO) price is holding all the cards here this Friday as it goes against several of its brothers and sisters in the altcoin space. Price action is up over 6% for the week, and with the rally in Bitcoin price this Friday, another tailwind moves in favor of CRO. Should CRO be able to break the 55-day Simple Moving Average (SMA) to the upside, just one more element stands in between bulls and a 90% gain by the summer of this year.

Chart

Author

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.

More from FXStreet Team
Share:

Editor's Picks

Dogecoin Price Prediction: DOGE risks deeper losses amid waning retail demand

Dogecoin price edges lower for the third straight day, inching closer toward the $0.0700 support level. Derivatives data signal easing retail demand for DOGE as the broader market risk-off sentiment remains elevated. The meme coin risks further decline below $0.0700 as momentum indicators continue to show sell-side dominance.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC faces $64K hurdle, ETH signals caution, XRP defends key support 

Bitcoin, Ethereum, and Ripple remain under pressure at the start of the week on Monday, after BTC and ETH recovered slightly, while XRP corrected by over 6% in the previous week. BTC has struggled to break above the $64,000 resistance level.

Crypto Market Overview: Zcash, Worldcoin sustain gains while Bitcoin loses steam

Bitcoin trades below $63,000, edging lower as price remains capped below its 50-day EMA at $65,212. Market sentiment remains on edge as geopolitical tensions between the US and Iran stay elevated over the Strait of Hormuz. Zcash and Worldcoin sustain gains over the last 24 hours, emerging as top performers.

Crypto Today: Bitcoin, Ethereum, XRP hold recovery levels amid minor ETF outflows
The crypto market traded modestly, gaining 1.1% on Friday as Bitcoin (BTC), Ethereum (ETH) and XRP maintained their recent recovery levels. The gains came despite US spot ETF outflows and cautious investor sentiment, suggesting buyers continue to defend key support levels.
Bitcoin: Strategy sells, the market doesn’t care
Bitcoin (BTC) reclaims $64,000 on Friday, extending a modest recovery while holding firmly above the key technical support zone so far this week. Mixed spot Exchange Traded Funds (ETFs) flows through Thursday reflect cautious institutional positioning. Meanwhile, traders have digested headlines about Strategy’s recent Bitcoin sale, highlighting the Crypto King’s resilience and deep liquidity.