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Cryptocurrencies Price Prediction: Hedera, Pump.fun & Solana — Asian Wrap 11 September

Cryptocurrencies Price Prediction: Hedera, Pump.fun & Solana — Asian Wrap 11 September
FXStreet TeamFXStreet TeamFXStreet

Hedera Price Forecast: HBAR price surges as Archax launches Pool Token functionality on its network

Hedera (HBAR) price hovers around $0.234 at the time of writing on Thursday after breaking above the falling wedge pattern the previous day. This breakout favors the bulls and follows Archax’s partnership with HBAR on Wednesday to launch its Pool Token functionality, bringing multi-asset portfolios to the Hedera network. Meanwhile, technical analysis suggests a rally in the upcoming days, with bulls targeting the $0.305 mark. 

Crypto Gainers Today: PUMP, AVAX rally as MNT reaches record high

Pump.fun holds a steady rise above $0.005000 psychological level at press time on Thursday, driven by the Binance US listing and revenue surge. The Token Terminal, a data analytics platform, has shown successive daily revenue of more than $1 million since August 6. PUMP edges higher by 2% so far on Thursday, extending the 18% rise from the previous day. The path of least resistance for PUMP targets the record high of $0.006682 from July 15. 

Solana could be next to see big institutional returns after Bitcoin and Ethereum: Bitwise

Solana (SOL) could be next to pull off a major price run after Bitcoin (BTC) and Ethereum (ETH), according to Bitwise's Chief Investment Officer (CIO) Matt Hougan, who claims there are available ingredients for an "epic end-of-year run." In a Tuesday note to investors, Hougan claims the major "recipe" for Bitcoin and Ethereum's price growth so far is spot exchange-traded funds (ETF) inflows and strong treasury purchases.

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