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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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Bitcoin: BTC steadies as data suggests local bottom

Bitcoin: BTC steadies as data suggests local bottom

Bitcoin (BTC) hovers around $91,000 at the time of writing on Friday, extending its recovery by 5% so far this week. On the institutional front, a modest outflow from US-listed spot Bitcoin Exchange Traded Funds (ETFs) marks a slowdown from previous weeks and signals a reduction in selling pressure, further supporting BTC’s recovery.