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Cryptocurrencies Price Prediction: Dogecoin, Bitcoin & Ethereum – European Wrap 24 May

Cryptocurrencies Price Prediction: Dogecoin, Bitcoin & Ethereum – European Wrap 24 May
FXStreet TeamFXStreet TeamFXStreet

Dogecoin inspiration Kabosu dies, leaving legacy of $22.86 billion market cap meme coin behind

Kabosu, the popular Shiba Inu dog that inspired the logo of the largest meme coin by market capitalization, Dogecoin (DOGE), died early on Friday after losing her fight to leukemia and liver disease. Kabosu had gained popularity as the dog behind the viral “doge” meme. 

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XRP climbs past $0.53, SEC Chair Gensler says the agency has done very well in court cases

The ruling of the Ripple (XRP) lawsuit is pending, and holders await the court’s decision in the legal battle between the US Securities and Exchange Commission (SEC) and the payment remittance firm. Ripple’s Chief Executive Officer (CEO) Brad Garlinghouse and Chief Legal Officer (CLO) Stuart Alderoty have slammed SEC Chair Gary Gensler and his “regulation by enforcement” approach on more than one occasion. 

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Ethereum: Too soon to say goodbye to $3,000

The crypto market lost 2.9% in the last 24 hours, retreating to a market capitalisation of $2.5 trillion. The market came under pressure as active trading began in the US on a fresh batch of strong economic data. News of the approval of spot ETFs on Ethereum only added to the pressure.

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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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BNB Price Forecast: Derivatives back bullish upside continuation

BNB Price Forecast: Derivatives back bullish upside continuation

BNB, formerly known as Binance Coin, edges lower, trading around $790 on Monday after posting three consecutive weekly gains. Rising Open Interest and positive funding rates suggest that bullish positioning is strengthening in the derivatives market.

Solana Price Forecast: SOL rally remains capped as ETF inflows ease

Solana Price Forecast: SOL rally remains capped as ETF inflows ease

Solana price edges lower on Monday, hovering around $120 after four consecutive days of trading in the green. The institutional support for SOL eased last week, with total inflows of less than $2.50 million, from over $188 million in the previous week. The technical outlook for SOL remains mildly bullish, forming a triangle pattern on the four-hour chart.

Dogecoin Price Forecast: ETF inflows and technicals fuel recovery

Dogecoin Price Forecast: ETF inflows and technicals fuel recovery

Dogecoin extends its gains, trading above $0.096 after finding support around the key support zone last week. Continued inflows into spot DOGE ETFs, alongside strengthening derivatives metrics, indicate improving market sentiment. Meanwhile, the constructive technical outlook suggests the meme coin could extend its gains if the key level holds.

Cardano Price Forecast: ADA rally strengthens bullish breakout setup

Cardano Price Forecast: ADA rally strengthens bullish breakout setup

Cardano (ADA) price extends a steady recovery on Monday, trading above $0.2600 after a 6% rise the previous day. The altcoin sees strong retail demand, with ADA futures Open Interest up 15% in 24 hours and the funding rate remaining positive. Cardano must confirm the breakout of a key resistance level near $0.2632, which could further extend the rally toward $0.3000.
Bitcoin: Is BTC setting up for an Uptober rally?

Bitcoin: Is BTC setting up for an Uptober rally?

Bitcoin (BTC) extends its gains, trading near $86,000 at the time of writing on Friday after closing September 6.33% up, reversing its seasonal weakness. Historical data suggest October could be a strong month for BTC, especially after a positive September.