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Cryptocurrencies Price Prediction: Ripple, Bitcoin & MATIC – European Wrap 29 February

Cryptocurrencies Price Prediction: Ripple, Bitcoin & MATIC – European Wrap 29 February
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Ripple accused of artificially boosting XRP price with bot activity, court documents allege manipulation

XRP price continued its rally towards the $0.64 target on Thursday. The altcoin climbed to $0.58, sustained above key support at $0.55, maintaining its uptrend. Crypto experts uncovered court documents that allege Ripple used bots, market maker GSR Markets did as directed and likely stabilized or pushed XRP price higher in 2015 and 2016. 

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Bitcoin and Ethereum funding rates surge to over two-year highs as bullish bets get costlier

Bitcoin’s (BTC) price rally to its 2024 peak of $64,000 has resulted in a spike in funding rates, pushing them to hit a 27-month high. Data from the centralized-exchange data platform Velo Data shows that the BTC rally has catalyzed a bullish sentiment in the futures market, which is likely to attract arbitrageurs and institutional investors. 

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Six reasons why Polygon’s MATIC price will make a comeback in 2024

MATIC price could be due for a major rally in the coming weeks for two main reasons: the circulating supply of Polygon’s token is now at 100%, and it is an Ethereum Layer 2 solution, which plays into the ongoing positive narrative for all Ethereum-related entities.

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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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