TRENDING:
Oil price
XAU/USD
EUR/USD
GBP/USD
Silver
Sponsored by
|

Cryptocurrencies Price Prediction: Cryptos, Ethereum & AAVE – American Wrap 2 February

Cryptocurrencies Price Prediction: Cryptos, Ethereum & AAVE – American Wrap 2 February
FXStreet TeamFXStreet TeamFXStreet

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC gains strength as GBTC outflows shrink

Bitcoin (BTC) price is showing strength again amid waning selling pressure from Grayscale Bitcoin Trust (GBTC) redemptions. The sentiment is yet to be reflected among altcoins, however, as Ethereum (ETH) and Ripple (XRP) prices still struggle amid a choppy altcoin market. 

Crypto research firm Chainalysis recently concluded research on “pump and dump” schemes that have plagued the crypto ecosystem. Pump and dumps have made a resurgence with rug pulls on Coinbase’s Base chain and Solana ecosystem’s meme coins. 

The report reveals that nearly 53.6% of ERC-20 tokens on DEXes have characteristics of possible “pump and dump” schemes, according to the firm’s criteria.  

ERC-20

AAVE price at risk of correction as exchange supply rises, whales shed AAVE holdings

AAVE price declined in the past week and a further correction is likely, according to on-chain metrics. Two key metrics, the supply of AAVE on exchange wallets and the Network Realized Profit/Loss metric paints a bearish picture for the DeFi token. 

AAVE price is $84.46, at the time of writing.

AAVE

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

Cardano Price Forecast: ADA extends gains after Mastercard deal, Leios testing

Cardano Price Forecast: ADA extends gains after Mastercard deal, Leios testing

Cardano price extends a steady near-term recovery on Monday, inching closer to the long-term 200-day EMA near $0.2464. The recent partnership with Mastercard and the Leios upgrade testing lift ADA investors' spirits. The technical outlook for ADA shows an upside bias as bullish momentum recovers.

Crypto Overview: Bitcoin reclaims $80,000 – Venice Token and NEAR Protocol rally

Crypto Overview: Bitcoin reclaims $80,000 – Venice Token and NEAR Protocol rally

Bitcoin is trading above $81,000 holding firm after a 6% surge on Friday, linked to US financial watchdogs' efforts to structure crypto assets under existing rules following the CLARITY Act's failure to advance. Venice and NEAR Protocol have posted double-digit gains over the last 24 hours, scaling to fresh annual highs.

Top 3 Price Prediction: BTC extends gains, ETH and XRP advance in uptrend

Top 3 Price Prediction: BTC extends gains, ETH and XRP advance in uptrend

Bitcoin, Ethereum, and Ripple extend their gains after posting strong gains of over 5%, 6% and 5%, respectively, last week. BTC trades above $81,300, ETH climbs above $2,600, and XRP holds above the key $1.300 support level. All three momentum indicators suggest early bullish momentum and hint at further gains ahead.

Bitcoin pushes above $81K, faces liquidation test between $83K and $86K

Bitcoin pushes above $81K, faces liquidation test between $83K and $86K

Bitcoin (BTC) rose above $81,000 on Friday after climbing back above the True Market Mean, signaling that the market could potentially have moved back into a bullish regime. The True Market Mean, at $76,660, represents the average price paid by active trading participants. BTC’s move back above the level often signals a return to bullish territory and can trigger positive short-term sentiment.
Bitcoin: BTC shrugs off CLARITY Act setback and hawkish Fed

Bitcoin: BTC shrugs off CLARITY Act setback and hawkish Fed

Bitcoin (BTC) price action has remained resilient this week, trading above $78,000 at the time of writing on Friday, heading toward a key resistance zone. Institutional demand shows early signs of weakness, with spot Exchange Traded Funds (ETFs) on track for a second straight week of outflows, with over $420 million recorded through Thursday amid escalating Middle East tensions.