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Cryptocurrencies Price Prediction: Cardano, Ethereum Classic and Ethereum – European Wrap 26 July

Cryptocurrencies Price Prediction: Cardano, Ethereum Classic and Ethereum – European Wrap 26 July
FXStreet TeamFXStreet TeamFXStreet

Cardano Price Prediction: ADA looks to retrace 11% after massive rally

Cardano price rallied exponentially after coming close to retesting the range low. However, after this intense run-up, ADA investors are likely to book profit, leading to a pullback. Therefore, investors need to be aware of a downswing in the short term.

ADA/USDT 12-hour chart

Grayscale knows something about Ethereum Classic that retail doesn't as it offloads 28,382 ETC

Grayscale, one of the largest cryptocurrency investment companies, have been selling their Ethereum Classic holdings for over four months. This rapid decline in their ETC holdings paints a bearish picture. However, from a technical point of view, Ethereum Classic price displays a potential bullish outlook.

ETC/USDT 12-hour chart

Ethereum looks more attractive to crypto traders than Bitcoin in the current recovery

Ethereum's London Hardfork is approaching, and ETH is leaving exchange wallets faster than Bitcoin. Bitcoin price is recovering from the drop; however, the persistent GBTC discount suggests a shortage of demand. 

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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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