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

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

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 edges lower despite record on-chain activity and steady ETF inflows

XRP edges lower despite record on-chain activity and steady ETF inflows

Ripple is trading under pressure at the time of writing on Thursday, after bulls failed to break the short-term resistance at $2.22. The reversal may extend toward Monday’s low of $1.98, especially if risk-off sentiment persists in the broader cryptocurrency market.

Aster lags recovery as perpetual DEX releases new roadmap on infrastructure, utility and ecosystem 

Aster lags recovery as perpetual DEX releases new roadmap on infrastructure, utility and ecosystem 

Aster is consolidating above $1.05 at the time of writing on Thursday, reflecting lethargic sentiment in the broader cryptocurrency market. The token native to the perpetual Decentralised Exchange had recovered from Monday's low of $0.88 but stalled around $1.08 on Wednesday.

Hyperliquid Price Forecast: Bulls aim breakout as RSI and MACD flash buy signal

Hyperliquid Price Forecast: Bulls aim breakout as RSI and MACD flash buy signal

Hyperliquid struggles to surface above $35 as a local resistance trendline caps the two-day recovery run. Hyperliquid Strategies Inc. (PURR) transfered 12 million HYPE tokens to Hypercore and staked 425,000 tokens, which reflects confidence. 

Cardano builds recovery momentum as sentiment improves

Cardano builds recovery momentum as sentiment improves

Cardano is extending its recovery for the second consecutive day, trading at around $0.4400 at the time of writing on Thursday. If this recovery leg from Monday's $0.3707 level steadies in the coming days, Cardano bulls could push toward a bullish December.

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Bitcoin: BTC steadies as data suggests local bottom

Bitcoin: BTC steadies as data suggests local bottom

Bitcoin (BTC) hovers around $91,000 at the time of writing on Friday, extending its recovery by 5% so far this week. On the institutional front, a modest outflow from US-listed spot Bitcoin Exchange Traded Funds (ETFs) marks a slowdown from previous weeks and signals a reduction in selling pressure, further supporting BTC’s recovery.