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Cryptocurrencies Price Prediction: Ethereum, Shiba & Solana – American Wrap 07 June

Cryptocurrencies Price Prediction: Ethereum, Shiba & Solana – American Wrap 07 June
FXStreet TeamFXStreet TeamFXStreet

Top 3 Crypto Price Prediction Bitcoin, Ethereum, Ripple: Crypto’s manipulation proves decentralization is a myth

Bitcoin price saw a false breakout on Monday as the price optimistically rose above $31,500, only to be furiously rejected by the bears shortly after. FXStreet’s very own analyst Akash Grimath warned of the potential fake-out on his Twitter account while dually forecasting a 5-1 trade setup for the bears.

Three reasons why investors remain bullish on Shiba Inu price

Shiba Inu has become one of the most widely held cryptocurrencies in the portfolios of large Ethereum whales. Analysts continue to remain bullish on the meme coin despite the recent slump in Shiba Inu price. 

Solana price shows signs of reversal; here's what you need to do

A brief technical and on-chain analysis on Solana price. Here, FXStreet's analysts evaluate where SOL could be heading next. Please, subscribe to our YouTube channel, follow us on Twitter @FXScrypto and join our Telegram channel.

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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.

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Ripple eyes $1.50 breakout despite softening on-chain activity

Ripple eyes $1.50 breakout despite softening on-chain activity

XRP remains elevated near $1.45 after a sharp spike from the weekly low of $1.31. XRP retains a neutral-to-bullish technical outlook, supported by the RSI and uptrending moving averages.

Zcash Price Forecast: Rally hits nine-year high above $1,000 amid growing shielded demand

Zcash Price Forecast: Rally hits nine-year high above $1,000 amid growing shielded demand

Zcash trades above $1,000 on Friday, building on its 16% gain from the previous day. On-chain data show a steady increase in shielded supply to 4.86 million ZEC tokens, pointing to growing demand for privacy.

Crypto’s $638 million buyback boom may not be as bullish as it looks

Crypto’s $638 million buyback boom may not be as bullish as it looks

Decentralized Finance (DeFi) protocols reportedly spent $638 million to buy back their native tokens in August, up 17% from a year earlier. On the surface, the buyback trend suggests the cryptocurrency industry is maturing fast.

Crypto Today: Bitcoin, Ethereum, XRP recovery takes a breather amid capital inflows

Crypto Today: Bitcoin, Ethereum, XRP recovery takes a breather amid capital inflows

Bitcoin corrects lower toward $80,000 after testing highs at $81,269, supported by $731 million in ETF inflows. Ethereum bulls push to regain momentum, with $2,500 providing immediate support.

Bitcoin: Gearing up for a sharp move

Bitcoin: Gearing up for a sharp move

Bitcoin (BTC) is trading around $81,000 on Friday, up over 4% so far this week, and awaits a key catalyst that could determine its next directional move. Strong institutional demand is supporting the bullish price action, with spot BTC Exchange Traded Funds (ETFs) on track to record a third straight week of inflows.