Cryptocurrencies Price Prediction: EOS ,Chainlink & Bitcoin — Asian Wrap 01 September

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EOS Price Prediction: The bottom could be in for the OG crypto community

EOS price has a few confounding factors, indicating a continuation of the countertrend rally. EOS is one of the oldest crypto tokens with a strongly engaged community since 2018. At current time, the OG crypto shows subtle bullish signs that traders and investors should pay attention to. Since May 2021, the EOS price has lost 93% of its market value.

These on-chain metrics suggest Chainlink price will fall hard again

On-chain analysis of Chainlink price hints at a bearish stronghold. Chainlink price shows bearish signals underneath the hood that investors should be aware of. Since August 15, the Ethereum-based decentralized blockchain oracle token has fallen 36%. During the final trading week of August, the bulls have managed to recoup 6% of those losses.

JUST IN: MicroStrategy and Michael Saylor hit by lawsuit for tax evasion

Bitcoin’s largest publicly traded holder MicroStrategy was slapped by a lawsuit for tax evasion. Attorney General Karl Racine announced legal action against the billionaire tech executive, citing tax fraud. MicroStrategy and Michael Saylor’s next move could influence Bitcoin price trend since the tech firm is the largest public holder of the asset.

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FXStreet Team

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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.

XRP extends recovery as on-chain activity grows

Ripple (XRP) ticks up and trades around $1.13 at the time of writing on Tuesday. This rebound aligns with a broader recovery in the cryptocurrency market, attributed to reports that mediators between the United States (US) and Iran are seeking a 10-day cessation of strikes to find a way back to the signed Memorandum of Understanding (MoU).

Ethereum Price Forecast: ETH continues July uptrend with 20% rise after triggering buy signal

Ethereum (ETH) has gained 3% on Tuesday, extending its July gains above 20% after key on-chain indicators highlighted a resumption of buying activity. The strong performance so far in July comes a few days after ETH triggered the Market Value to Realized Value (MVRV) Buy signal. ETH has been up by roughly 22% since the signal.

Chainlink becomes top 20 best performer, 3 reasons behind the move

Chainlink (LINK) has become the best-performing asset in the top 20 this week, leading every other major cryptocurrency. The cryptocurrency jumped 10.18% to $8.71, its highest level since early June. Three major factors explain the double-digit rise over the past week.

Crypto Today: Bitcoin, Ethereum, XRP extend rebound amid returning institutional capital inflows

Cryptocurrency prices extend a broad recovery, led by Bitcoin (BTC), trading above $66,000 at the time of writing on Tuesday. Ethereum (ETH) remains bullish above $1,940, after logging four straight days of gains. Meanwhile, Ripple (XRP) hovers around $1.13, building on the reclaimed $1.10 critical level.

Bitcoin’s potential recovery in the second half hinges on these 4 catalysts

Bitcoin (BTC) has fallen over 34% in the first half of this year as the King Crypto failed to capitalize on a good semester for risk assets despite the woes from the Iran war.