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Cryptocurrencies Price Prediction: Ethereum, Bitcoin & AI Tokens — Asian Wrap 09 May

Cryptocurrencies Price Prediction: Ethereum, Bitcoin & AI Tokens — Asian Wrap 09 May
FXStreet TeamFXStreet TeamFXStreet

Ethereum could experience bullish run, ETH ‘ultrasound’ money narrative at risk

Ethereum (ETH) price action on Wednesday shows it could be gathering momentum for a rally as a recent report from CryptoQuant reveals its ultrasound money narrative is at risk. Also, the number one altcoin's co-founder, Vitalik Buterin, and co-authors have published Ethereum Improvement Proposal (EIP) 7702 as an alternative to EIP-3074.

 

Bitcoin price drops, but holders with 100 to 1000 BTC continue to buy up

Bitcoin (BTC) price action continues to show a lack of participation from new traders, steadily grinding south in the one-day timeframe, while the one-week period shows a horizontal chop. Meanwhile, data shows that some holder segments continue to buy up. 

AI tokens could rally following growth in NVIDIA's stock

Artificial Intelligence tokens are gaining momentum again after impressive gains in March. Recent price gains in NVIDIA have coincided with gains in Near Protocol (NEAR), Render (RNDR), and Worldcoin (WLD), among several other AI tokens.

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