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Cryptocurrencies Price Prediction: Cardano, Bitcoin and ChatGPT – European Wrap 14 February

Cryptocurrencies Price Prediction: Cardano, Bitcoin and ChatGPT – European Wrap 14 February
FXStreet TeamFXStreet TeamFXStreet

Are Cardano whales gearing up for ADA price recovery rally?

Cardano network’s large wallet investors have increased their activity in the altcoin. Whale and shark addresses holding between 10,000 and 10 million ADA scooped up a higher volume of Cardano since the FTX exchange collapse. 

Cardano whale accumulation

Has Ripple price reached fair value with impression inflation will jump?

Ripple (XRP) price sees traders bracing for the US inflation data this evening. Markets are seeing expectations erupting that the inflation number could be an upside surprise. A knee-jerk reaction looks granted, although XRP has already sold off 12%, and a stronger Consumer Price Inflation reading could already be priced in.

XRP/USD daily chart

Is the ChatGPT effect on crypto AI tokens sustainable?

ChatGPT, Open AI’s chatbot, launched in November 2022 has triggered a massive rally in Artificial Intelligence (AI) crypto tokens, tokens that use AI to develop or run their blockchains and ecosystems. 

AI tokens in crypto
AI tokens in crypto

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Crypto Today: Bitcoin, Ethereum, XRP pare gains despite increasing hopes of upcoming Fed rate cut

Crypto Today: Bitcoin, Ethereum, XRP pare gains despite increasing hopes of upcoming Fed rate cut

Bitcoin (BTC) is steadying above $91,000 at the time of writing on Friday. Resistance at $94,150 capped recovery on Wednesday, but in the meantime, bulls have contained downside risks above $90,000.