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Cryptocurrencies Price Prediction: Polygon, Sui & Ethereum — Asian Wrap 18 September

Cryptocurrencies Price Prediction: Polygon, Sui & Ethereum — Asian Wrap 18 September
FXStreet TeamFXStreet TeamFXStreet

Why Polygon’s MATIC may have seen a bottom amid underperformance

Polygon MATIC, now known as POL, has been one of the most underperforming cryptocurrencies in the top 100 since the beginning of the year, declining more than 62% year-to-date. However, several key metrics on Wednesday show that its price may have seen a bottom.

SUI rallies as Circle announces the launch of USDC on its network

SUI is up 14% on Wednesday as Circle announced that its USDC stablecoin and Cross-Chain Transfer Protocol (CCTP) will launch on the Sui blockchain.

Ethereum could rally 17% amid Bitwise thesis on ETH contrarian bet

Ethereum (ETH) is up 2% on Tuesday as anticipation grows for a 50-basis-point interest rate cut by the US Federal Reserve (Fed). Meanwhile, Bitwise's weekly memo noted that Ethereum still provides several opportunities and looks like a contrarian bet.

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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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Zcash Price Forecast: ZEC poses 20% downside risk amid steady ETF outflows

Zcash Price Forecast: ZEC poses 20% downside risk amid steady ETF outflows

Zcash price is trading below $1,300 continuing a steady decline over the past 10 days and slipping from its $1,698 peak on September 27. Grayscale’s ZEC Exchange-Traded Fund continues to record consistent outflows, with $8.49 million on Wednesday, suggesting reduced demand following the recent stock split.

Ripple and Stellar outlook: XRP and XLM test key support amid rising downside risks

Ripple and Stellar outlook: XRP and XLM test key support amid rising downside risks

Ripple and Stellar remain under pressure and extend their corrections as weakening derivatives metrics and broader macroeconomic headwinds weigh on sentiment. XRP and XLM approach a key support zone after three consecutive days of losses so far this week.

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Cryptocurrencies face new security risk as Ethereum researcher warns of potential ECDSA break

Cryptocurrencies face new security risk as Ethereum researcher warns of potential ECDSA break

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Bitcoin: Is BTC setting up for an Uptober rally?

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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.