|

Cryptocurrencies Price Prediction: Coin, Aave & Bonk Inu – European Wrap 29 December

Coinbase outshines the entire DeFi market, holding 80% more assets in custody; COIN price hits new high

Coinbase is known for being the second biggest cryptocurrency exchange in the world, but the company also seems to be in competition with the entire Decentralized Finance (DeFi) market. 

Coinbase, at the time of writing, holds about $114 billion worth of assets under its management, which is slightly lower than the total value locked in the DeFi market, coming up at about $117 billion. However, when comparing the quarterly performance, Coinbase leaps ahead.

Chart

Aave price edges closer to 40% rally due to Ethereum

Aave (AAVE) price shows no signs of slowing down as it approaches a key weekly hurdle. If AAVE holders push the altcoin to flip this barrier into a support floor, they could be in for massive gains. 

With the full-blown start of the bull run, altcoins have generated massive returns for holders. Ethereum remained a slugger for quite some time but decided to rally a week ago as Bitcoin slipped into consolidation. 

Aave

Why Bonk Inu price could rally 55% here

Bonk Inu (BONK) price has been moving down only since it was listed on major exchanges in mid-December. As a result of this sell-only mentality from investors, it has caused the dog-themed crypto BONK to be oversold. But things could change quickly for the meme coin as buy signals emerge.

Bonk Inu price shed 64% between December 14 and 28, which is resembles a bear market-type correction that typically takes a few years. Due to the volatile nature of meme coins, BONK is close to triggering a reversal.

Bonk

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

Bitcoin Weekly Forecast: BTC drops below $68,000 as oversold signal fails to stop sellers

Bitcoin corrects more than 7% so far this week, hitting an intraday low of $67,568 on Friday. Rising liquidations, continued ETF outflows, and weakening risk appetite are leaving BTC vulnerable to further downside.

Ripple risks losing $1.00 support as 24-hour liquidations hit $20 million

Ripple remains on edge, trading around $1.00 on Friday. The remittance token’s sharp decline has persisted since November 5, initially triggered by the $6.3 billion Binance hack and later accentuated by the US midterm elections.

Crypto Today: Bitcoin, Ethereum, XRP extend losses as bears tighten their grip

Bitcoin's (BTC) sell-off deepens on Friday, with the spot price below $69,000. The largest crypto by market capitalization leads the intense selling, with Ethereum (ETH) below $2,000 and Ripple (XRP) hovering just above $1.00.

Bitcoin just posted five straight losing weeks, and the storm may not be over yet

Bitcoin is struggling to find support, slipping below $70,000 as multiple headwinds threaten to push the Crypto King lower. The much-anticipated “Uptober” rally failed to materialize, with persistent selling pressure and widespread liquidations instead reinforcing the “Rektober” narrative.

Bitcoin: BTC drops below $68,000 as oversold signal fails to stop sellers
Bitcoin (BTC) extends its correction, falling more than 8% and hitting an intraday low of $67,568 on Friday. Despite oversold technical signals, selling pressure continues to intensify, with persistent Exchange Traded Funds (ETFs) outflows, leveraged liquidations and weakening risk appetite weighing on the Crypto King outlook.