Cryptocurrencies Price Prediction: Chainlink, Bitcoin & Solana – European Wrap 8 September

FXStreet Team FXStreet

Chainlink Price Forecast: LINK eyes 18% breakout after Grayscale ETF filing

Chainlink (LINK) is trending higher, exchanging hands above $23.00 on Monday, buoyed by news that Grayscale has filed with the United States (US) Securities & Exchange Commission (SEC) to launch a LINK exchange-traded fund (ETF).

Grayscale has submitted an S-1 filing to the SEC, seeking permission to provide access to a Chainlink spot ETF. The application aligns with Grayscale’s broader initiative to expand access to digital assets beyond its current offerings, which include Bitcoin (BTC) and Ethereum (ETH).

Bitcoin Price Forecast: BTC reclaims above $111,500 as Fed rate cut optimism, fresh corporate buys boost sentiment

Bitcoin (BTC) trades in green above $111,800 on Monday, supported by growing optimism over potential Federal Reserve (Fed) interest rate cuts and renewed institutional demand. Corporations such as Metaplanet and government entities in countries like El Salvador added BTC to their reserves, boosting market sentiment for the largest cryptocurrency by market capitalization.

Bitcoin price extends its gains, trading above $111,900 during the early European trading session on Monday, after recovering almost 3% last week. This recovery came as the US Nonfarm Payrolls report released on Friday showed that the economy added just 22,000 jobs in August, missing market expectations by a big margin.

Solana Price Forecast: SOL steadies as adoption strengthens with USDG growth and Nasdaq listing

Solana (SOL) price remains above $207 at the time of writing on Monday, having recovered nearly 3% last week. Robinhood-backed USDG stablecoin has seen its supply on Solana surge nearly 160% over the past month, overtaking Ethereum (ETH) and highlighting the growing adoption of the SOL network. Moreover, SOL Strategies Inc. is preparing to debut as the first Solana treasury company listed on Nasdaq, starting on Tuesday, underscoring the network’s expanding footprint.

SOL Strategies Inc., a publicly traded Canadian company dedicated to investing in and providing infrastructure for the Solana blockchain ecosystem, announced on Friday that it has received approval to list its common shares on the Nasdaq Global Select Market.

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Cardano: Under pressure as bearish derivatives cap recovery

Cardano remains under pressure, trading lower at $0.165 on Monday after mild losses in the previous week. Weakening derivatives metrics and subdued momentum indicators suggest that ADA's upside move remains limited, keeping downside risks in focus. Derivatives data for Cardano shows bearish sentiment among traders.

Bitcoin holds firm at $65,000 – AAVE and ONDO gain traction

The broader cryptocurrency market risk-off sentiment eases as the US and Iran extend the pause in missile strikes, while Oman holds peace talks. Bitcoin holds firm above $65,000 on Monday, while DeFi tokens, including Aave and Ondo, emerge as top performers over the last 24 hours.

Bitcoin extends winning streak, Ethereum clears key hurdle, XRP steadies

Bitcoin, Ethereum and Ripple begin the week on a firm footing after surging over 1%, 4% and 1%, respectively, in the previous week. BTC holds above key technical resistance after recording its fourth consecutive weekly gain.

World Foundation raises over $52M in token sale as World Network marks third anniversary

World Foundation, the nonprofit organization behind World Network, has raised $52.5 million through a strategic sale of its WLD token as the project marks three years since its mainnet launch. The funding round was led by Pantera Capital and included participation from Bain Capital Crypto, Eightco Holdings, Selini Capital, Susquehanna Crypto and other investors.

Bitcoin: BTC holds firm, but the $100 Oil threat could change the game

Bitcoin (BTC) is modestly recovering, trading at $65,400 on Friday and holding firmly above the key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) supported BTC’s modest recovery as they continued to attract institutional inflows through Thursday, pointing to the third consecutive week of inflows.