Cryptocurrencies Price Prediction: Cardano, Shiba & Bitcoin – European Wrap 2 August

FXStreet Team FXStreet

Cardano community digests DDoS attack on the network, ADA hovers below $0.40

Cardano (ADA) developer Input Output Hong Kong (IOHK) dropped a video digesting the mid-July DDoS attack on the network with experts. The community defended against the attack, and transactions were processed at a slow pace during it.

ADA erased nearly 3% of its value this week and trades at $0.38 at the time of writing on Friday.

Shiba Inu drops nearly 5% post fourth birthday celebration

Shiba Inu (SHIB) celebrates its fourth birthday. The dog-themed meme coin is the second-largest asset in the category, with a market capitalization of $8.94 billion. SHIB erased nearly 5% of its value on Friday, down to $0.000015 on August 1.

Bitcoin fends off bear attack, clinging to levels

The crypto market lost 0.75% in 24 hours to $2.29 trillion. A day earlier, we noted a decline in cryptocurrencies in contrast to the positivity in equities on Wednesday, and then synchronised selling prevailed on Thursday. Meanwhile, the sentiment index remains at 57 (greed). This is bad news for the market right now, as a state of fear might have attracted buyers on downturns, but now they will wait for a bigger drawdown.

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Meme Coins Price Prediction: Dogecoin, Shiba Inu, Pepe rally on Venezuela’s shadow BTC reserve

Meme coins such as Dogecoin, Shiba Inu, and Pepe are leading the cryptocurrency market rally driven by the US cross-border operation to capture Venezuelan President Nicolás Maduro. Dogecoin extends its gain for the fifth consecutive day while SHIB and PEPE take a pause.

Cardano Price Forecast: ADA breaks above falling wedge, upside constrained by geopolitical risks

Cardano (ADA) steadies above $0.40 at the time of writing on Monday after a decisive close above the falling wedge pattern in the previous week. The derivatives market supports improving sentiment, with ADA’s Open Interest rising and long bets increasing among market participants.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – Bulls firmly in control as BTC breaks $93K, ETH and XRP extend gains

Bitcoin, Ethereum, and Ripple extended their rallies on Monday, gaining more than 4%, 6%, and 12%, respectively, in the previous week. The top three cryptocurrencies by market capitalization could continue to outperform, with bulls in control of the momentum.

Top Crypto Gainers: Brett, Bonk, Dogwifhat – Meme coins rally amid US-Venezuela tensions

Meme coins, including Brett (BRETT), Bonk (BONK), and Dogwifhat (WIF), lead the crypto market rally with double-digit gains over the last 24 hours following the US capture of Venezuelan President Nicolás Maduro on Saturday. Technically, meme coins could extend gains as bulls maintain firm control.

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Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.

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