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Cryptocurrencies Price Prediction: Pi Network, Zcash & XRP – Asian Wrap 05 December

Cryptocurrencies Price Prediction: Pi Network, Zcash & XRP – Asian Wrap 05 December
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Pi Network Price Forecast: Bearish streak nears critical support trendline

Pi Network (PI) edges lower on Friday for the third consecutive day, approaching a local support trendline. The on-chain data suggests an increase in supply pressure as Centralized Exchanges (CEXs) experience a surge in inflows. Technically, the pullback in PI risks further losses, as the Moving Average Convergence Divergence (MACD) indicator is flashing a sell signal.

Top Crypto Gainers: Zcash rallies as MYX Finance, Dash test critical EMA levels

Zcash (ZEC), MYX Finance (MYX), and Dash (DASH) are the top-performing assets in the top 100 cryptocurrency list over the last 24 hours. The privacy coin leads the rally while MYX and DASH struggle to clear their 100-day Exponential Moving Averages (EMA).

XRP slides amid record on-chain activity, mixed technical signals

Ripple (XRP) is trading under pressure at the time of writing on Thursday, after bulls failed to break the short-term resistance at $2.22. The reversal may extend toward Monday’s low of $1.98, especially if risk-off sentiment persists in the broader cryptocurrency market.

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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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CFTC Chairman pushes for crypto regulations as agency seeks public comments on proposed rules

CFTC Chairman pushes for crypto regulations as agency seeks public comments on proposed rules

Commodity Futures Trading Commission Chairman, Michael Selig, said the agency will move ahead with crypto market regulations after Congress failed to advance legislation that would have established a broader framework for digital assets.

Ripple and Stellar outlook: XRP and XLM weaken as derivatives positioning fades

Ripple and Stellar outlook: XRP and XLM weaken as derivatives positioning fades

Ripple and Stellar face pressure trading below $1.499 and $0.220, respectively, after a modest correction at the start of the week. Traders should be cautious as weakening derivatives metrics and fading bullish momentum suggest further corrections for XRP and XLM. Derivatives data shows a weakening and cautious signal among traders.

Zcash Price Forecast: NU7 upgrade sets the stage for ZEC to resume its rally

Zcash Price Forecast: NU7 upgrade sets the stage for ZEC to resume its rally

Zcash hovers around $1,348 sustaining its mild gains from Sunday. The network upgrade NU7 went live on Monday, boosting transaction speed and redirecting 60% of transaction fees into future rewards. The institutional outflow eased to roughly $3.50 million on Monday, down from $93.56 million last week, suggesting reduced pressure from redemptions.

Ethereum Price Forecast: BitMine scoops extra ETH tokens following Q3 outperformance

Ethereum Price Forecast: BitMine scoops extra ETH tokens following Q3 outperformance

Ethereum (ETH) treasury firm BitMine Immersion continued its buying streak of the top altcoin last week. The firm acquired 15,112 ETH, lifting its holdings to 6.016 million ETH, representing 4.9% of ETH's circulating supply and worth $16.16 billion at the time of writing. That brings the company roughly 98.5% closer to acquiring 5% of ETH's supply, a goal it tags "Alchemy of 5%."
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.