TRENDING:
US CPI
Oil price
XAU/USD
EUR/USD
GBP/USD
Silver
Sponsored by
Login
|

Cryptocurrencies Price Prediction: Ethereum, Ethereum Classic & Solana — Asian Wrap 09 September

Cryptocurrencies Price Prediction: Ethereum, Ethereum Classic & Solana — Asian Wrap 09 September
FXStreet TeamFXStreet TeamFXStreet

DeFi market records a 14.7% YoY active user decline as TVL plunges by 68% to $58 billion

Ethereum made Decentralized Finance (DeFi) available to the crypto space when it introduced smart contracts, and the industry since then continued to flourish at a rapid rate. However, the bear markets of January and May 2022 took a severe toll on this growth, and the DeFi market has still not completely recovered from it.

Ethereum Classic Price Prediction: A case of sneaky divergence

Ethereum Classic  price shows a strong divergence signal that could become the catalyst of a future penny-from-Eiffel style decline. Ethereum Classic price continues to be the topic of discussion amongst day traders. The ETC price saw an impressive 32% counter-trend rally during the first trading week of September.

Solana Price Prediction: A true bull run vs another suckers’ rally

Solana price has recovered 7% of market value amidst the most recent downtrend. SOL price does not show RSI divergence to securely call the bottom of the current mudslide. Invalidation of the downtrend is a breach above $40.28.

Author

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.

More from FXStreet Team
Share:

Editor's Picks

Bitcoin Weekly Forecast: BTC retreats as macro headwinds grow

Bitcoin Weekly Forecast: BTC retreats as macro headwinds grow

Bitcoin (BTC) remains under pressure, down over 4% this week and trading around $76,900 at the time of writing on Friday. Institutional demand shows signs of weakness as spot BTC Exchange Traded Funds (ETFs) are on track to end their three-week inflow streak, recording nearly $500 million in net outflows through Thursday.
XRP falls toward key support as macro uncertainty, weak momentum cap recovery

XRP falls toward key support as macro uncertainty, weak momentum cap recovery

Ripple (XRP) falls below $1.33 on Friday, marking the third consecutive day of declines. The token continues to track the broader cryptocurrency market downturn, with investors closely monitoring heightened macroeconomic uncertainty ahead of the United States (US) Consumer Price Index (CPI) release and next week’s Federal Reserve (Fed) monetary policy decision.
Crypto Today: Bitcoin, Ethereum, XRP stabilize at lower levels amid ETF outflows and macroeconomic risks

Crypto Today: Bitcoin, Ethereum, XRP stabilize at lower levels amid ETF outflows and macroeconomic risks

The broader cryptocurrency market is rising on Friday, with Bitcoin (BTC) trading above $77,000 after testing lower support near $76,500. Ethereum (ETH) shows signs of stability, hovering above the support provided at $2,400 despite capped upside at $2,500. Meanwhile, Ripple (XRP) holds above $1.33 after three straight days of declines, reflecting growing headwinds due to macroeconomic uncertainty.
Bitcoin pulls back as another golden cross fails to deliver

Bitcoin pulls back as another golden cross fails to deliver

Earlier this week, Bitcoin formed a golden cross, a technical signal that occurs when the price’s 50-day moving average rises above the 200-day moving average and is conventionally viewed as a precursor to a bullish rally. Historically, however, that’s often not been the case.
Bitcoin: BTC retreats as macro headwinds grow

Bitcoin: BTC retreats as macro headwinds grow

Bitcoin (BTC) remains under pressure, down over 4% this week and trading around $76,900 at the time of writing on Friday. Institutional demand shows signs of weakness as spot BTC Exchange Traded Funds (ETFs) are on track to end their three-week inflow streak, recording nearly $500 million in net outflows through Thursday.