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Cryptocurrencies Price Prediction: Loopring, Polygon & FTT — Asian Wrap 15 August

Cryptocurrencies Price Prediction: Loopring, Polygon & FTT — Asian Wrap 15 August
FXStreet TeamFXStreet TeamFXStreet

LRC recaptures 50% of lost investors as Loopring price bounces back from critical support level

Loopring price was saved from observing considerable losses earlier this month as the crypto market’s volatility slowed down. The altcoin bounced back from a crucial support level as it also continues to bring back the investors it lost about two months ago.

MATIC price saved from drawdown as one group of investors steady the Polygon token

MATIC price is moving sideways at present, showing no signs of readying for a switch in momentum from bearish to bullish. However, considering the market conditions, it is beneficial for the Polygon token holders if the altcoin continues sideways instead of downwards. Interestingly, this is also partially possible thanks to the investors themselves.

DOJ charges Sam Bankman-Fried for donating $100 million stolen customer funds to politics, FTT price suffers

The US Department of Justice (DOJ), through its criminal division, has issued an indictment against FTX founder and former CEO Sam Bankman-Fried, calling him out for stealing customer funds, committing fraud, and several other conspiracies. It comes barely a week after federal judge Lewis Kaplan issued a sentence against SBF, that he be held in jail as he awaits the October hearing.

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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 tumbles as sell-side pressure intensifies

Ripple tumbles as sell-side pressure intensifies

Ripple edges lower and trades at $1.45 on Wednesday, as headwinds intensify across the crypto market. Major crypto assets remain in bearish hands, with Bitcoin falling below $84,000 and Ethereum below $2,800.

Crypto Today: Bitcoin, Ethereum and XRP fall liquidating $550M

Crypto Today: Bitcoin, Ethereum and XRP fall liquidating $550M

Bitcoin’s correction follows a recent rejection due to supply around $87,200. Altcoins are generally in a correction trend, as Ethereum edges lower toward the next key support at $2,600 and Ripple extends its down leg near the $1.45 demand area.

Polygon extends decline as shutdown rumors fuel panic selling

Polygon extends decline as shutdown rumors fuel panic selling

Polygon is down nearly 5% on Wednesday, amid selling pressure linked to rumors of a network shutdown sparked by a social media post. Derivatives data shows a sell-side dominance as Open Interest declines 13% over the last 24 hours while funding rates flip negative.

Pi Network Price Forecast: Steady decline risks a lower leg below $0.080

Pi Network Price Forecast: Steady decline risks a lower leg below $0.080

Pi Network (PI) continues to extend a bearish phase over the last seven days, risking a breakout below the $0.0800 round figure. The social chatter surrounding the PI token is on the rise, likely driven by investors’ fear.

Bitcoin: Is BTC setting up for an Uptober rally?

Bitcoin: Is BTC setting up for an Uptober rally?

Bitcoin (BTC) extends its gains, trading near $86,000 at the time of writing on Friday after closing September 6.33% up, reversing its seasonal weakness. Historical data suggest October could be a strong month for BTC, especially after a positive September.