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Cryptocurrencies Price Prediction: Ripple, Polygon and Solana – European Wrap 5 July

Cryptocurrencies Price Prediction: Ripple, Polygon and Solana – European Wrap 5 July
FXStreet TeamFXStreet TeamFXStreet

Three reasons why XRP price could drop 60% and still have the best returns for the next bullish cycle

XRP price has long been stuck in the battle between the US Securities & Exchange Commission (SEC) and Ripple. The announcement of this lawsuit caused a massive setback to the altcoin, leading to a 60% crash in roughly two weeks.

XRP/USDT 2-week chart

Polygon’s Sandeep Nailwal says “something big is coming” as MATIC price targets $0.70

MATIC price has seen a resurgence of buying pressure that has caused it to rally over the last 24 hours. This development comes after Coca-Cola announced on July 3 the launch of its Polygon-based NFTs.

MATIC/USDT 4-hour chart

Solana steals spotlight from Ethereum, leads way in DAOs, NFTs

In a monthly community update, developers at Solana revealed that investment focused DAO, Athens DAO, considers Solana ideal for governance and cheap transactions. Relative to Ethereum, transaction costs on Solana are low, and this has contributed to high NFT transactions on the altcoin’s network. 

SOL-USD price chart

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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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