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Cryptocurrencies Price Prediction: Ethereum, Axie Infinity & SafeMoon — Asian Wrap 29 Nov

Vitalik Buterin announces Ethereum scaling roadmap using the Graph protocol

The co-founder of the Ethereum network shared a roadmap on expanding available data space for rollups using Graph protocol. Open interest in GRT futures on Binance, Huobi and FTX crossed $65.64 million in the last 24 hours. Analysts expect a big move in GRT price as the 24-hour trade volume of the token crossed $580 million. 

Axie Infinity price upside potential limited as AXS struggles to tackle tough hurdles

Axie Infinity price could see its rally hindered by various headwinds ahead. There are two key hurdles for AXS to overcome to target higher prices and revisit its all-time high. A major decline could be on the radar if Axie Infinity falls below $122.


 
SafeMoon price gears up for upcoming V2 launch with drop in circulating token supply

Ahead of the SafeMoon V2 upgrade, there is a drop in the supply of circulating tokens. SAFEMOON price plunged nearly 75% after hitting an all-time high seven months ago. The petition to rename Jazz arena to “SafeMoon arena” gathered 4,878 signatures from the community. 

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XRP retreats as ETF interest cools
Ripple (XRP) slides toward the short-term $1.10 support on Friday, as broader crypto market sentiment weighs on crypto assets. The sell-off mainly stems from fears of inflation in the United States (US) amid the ongoing war in the Middle East and rising Oil prices.
Crypto Today: Bitcoin, Ethereum, XRP pare losses as breakout potential builds
Bitcoin (BTC) is edging higher on Friday, albeit gradually, after reclaiming support above $65,000. Meanwhile, Ethereum (ETH) shows signs of stability near the immediate $1,900 hurdle, backed by mild capital inflows. Ripple (XRP), on the other hand, holds above the pivotal $1.10, with its upside structurally constrained below $1.15.
Bitcoin Weekly Forecast: 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.
Crypto shrugs off a stronger Dollar
Cryptocurrencies have been affected by jitters in traditional financial markets, losing 0.8% of their market capitalisation over the past 24 hours to $2.23T, dipping to a low of $2.21T at the start of active trading in Asia.
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.