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Cryptocurrencies Price Prediction: Ethereum, Ripple & Meme Coins — Asian Wrap 08 October

Cryptocurrencies Price Prediction: Ethereum, Ripple & Meme Coins — Asian Wrap 08 October
FXStreet TeamFXStreet TeamFXStreet

Ethereum proposal to boost transaction speed and help DEXs save $100M sparks enthusiasm in community

Ethereum proposal to boost transaction speed and help DEXs save $100M sparks enthusiasm in communityEthereum (ETH) is up slightly by 0.1% on Monday following the appearance of a Doji candle, indicating a potential reversal in price trend. The potential price change follows a new Ethereum Improvement Proposal (EIP) EIP-7781, which aims to reduce slot time and boost the network's speed by roughly 50%.

XRP gains amidst rising inflows to Ripple funds, traders digest SEC appeal

Ripple (XRP) price on Monday is being influenced by the token unlock on October 1, XRP fund flows and sentiment among crypto market participants. XRP gains nearly 2% on the day, the altcoin trades above key support at $0.5200. 

Trump-related meme coins rally following high Polymarket odds and endorsement from Elon Musk

Polymarket data on Monday revealed that Donald Trump's odds over Kamala Harris in the presidential race surged to 54%, establishing an 8% lead for the Republican candidate. Following the lead, Trump-based meme coins saw double-digit gains.

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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.

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