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Cryptocurrencies Price Prediction: Ethereum, Solana & Bitcoin — Asian Wrap 08 May

Cryptocurrencies Price Prediction: Ethereum, Solana & Bitcoin — Asian Wrap 08 May
FXStreet TeamFXStreet TeamFXStreet

Ethereum resume sideways move as Grayscale files to withdraw Ethereum futures ETF application with the SEC

Ethereum is hinting at a resumption of a sideways movement on Tuesday after seeing inflows for the first time in seven weeks. Grayscale withdrew its application for an Ethereum futures ETF, and the Securities & Exchange Commission’s (SEC) Chair Gary Gensler has also called most crypto assets securities following a Wells Notice targeted at ETH-related firms.

Solana FireDancer validator launches documentation website, SOL price holds 23% weekly gains

Solana network has been sensational since the fourth quarter (Q4) of 2023, making headlines with a series of successful meme coin launches that outperformed their peers. The network’s allure grew when it stood side by side against Ethereum in terms of transaction speed, scalability, transaction fees, ecosystem growth, and developer-friendly environment, with Solana blockchain thrashing Ethereum.

Bitcoin price may see further upside, Standard Chartered says, citing looser regulation and US spot ETFs

Bitcoin (BTC) price could have significantly higher upside potential, Standard Chartered says, with a Republican administration in office in the US. 

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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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Ripple lags recovery as exchange reserves expand

Ripple lags recovery as exchange reserves expand

Ripple is trading within a broadly constrained technical structure, with support at $1.00 and key moving averages limiting its recovery potential. In August, the remittance token declined by approximately 6.5%, extending its total pullback to around 14% from July's $1.18 peak.

Pi Network hits a make-or-break level amid renewed social buzz

Pi Network hits a make-or-break level amid renewed social buzz

PI is holding steady around $0.0887 on Wednesday, sustaining its 2% gain from the previous day. Data shows a fresh spike in retail demand amid stable positional buildup in PI futures. The technical outlook for PI is mixed, with the price holding at a crucial support level at $0.08397.

Uniswap risks steeper decline as bearish signals pile up

Uniswap risks steeper decline as bearish signals pile up

Uniswap faces intense selling pressure, down nearly 6% on Wednesday after a 5% drop the previous day. The launch of Continuous Clearing Auctions on Avalanche enables teams to run on-chain token auctions and bootstrap liquidity, reducing friction in interoperability.

Crypto Today: Bitcoin, Ethereum, XRP stay under pressure as focus shifts to US inflation data

Crypto Today: Bitcoin, Ethereum, XRP stay under pressure as focus shifts to US inflation data

Cryptocurrency prices are largely consolidating, with Bitcoin hovering near the resistance at $64,000 at the time of writing on Wednesday. Ethereum shows signs of recovery but remains below the $1,900 hurdle, while Ripple hovers above the critical $1.00 support and is struggling to gain momentum.

Bitcoin: Can bulls weather the market uncertainty?

Bitcoin: Can bulls weather the market uncertainty?

Bitcoin (BTC) remains resilient, trading above $65,000 on Friday, with bulls defending key support despite cautious market sentiment. US-listed spot Bitcoin Exchange-Traded Funds (ETFs) showed strong inflows through Thursday, pointing to renewed institutional demand.