Cryptocurrencies Price Prediction: Shiba Inu, MATIC & Ethereum – American Wrap 03 January

FXStreet Team FXStreet

Shiba Inu, MATIC, Terra and Solana top the list of cryptocurrencies offering high returns

Top altcoins and memecoins Shiba Inu, MATIC, Terra and Solana continue to attract investment inflow from traders as they offered high returns in 2021. Analysts have a bullish outlook on these altcoins in 2022.

Shiba Inu price presents a buying opportunity before SHIB rallies 30%

Shiba Inu price has been on a sideways movement after its recent run-up. Moreover, this consolidation comes after a retracement that puts SHIB in a deep discount mode, ready for a reversal.

Ethereum struggles but bulls remain in control, ETH prepped for 50% spike

Ethereum price continues to battle below the Cloud and has displayed several primary bearish breakout trade setups – but bears are unwilling or unable to push ETH lower. However, several bear traps have been formed and could be the primer necessary to launch Ethereum higher.

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FXStreet Team

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XRP rebounds as retail demand shows signs of returning

Ripple exhibits a subtle rebound outlook, trading near $1.10 at the time of writing on Thursday. The headwinds in the crypto market are largely attributable to mounting investor uncertainty amid renewed tensions in the Middle East.

Crypto Today: Bitcoin, Ethereum, XRP rise after defending key support amid renewed Middle East tensions

Cryptocurrency prices are broadly rebounding on Thursday, following a dominant sell-off largely attributed to geopolitical tensions in the Middle East. Bitcoin has risen and trades near $63,000, while Ethereum pares losses around $1,750 as bulls aim for a short-term breakout above $1,800.

Bitcoin stalls as mixed ETF flows, renewed US-Iran tensions cap upside

Bitcoin trades at $63,000 on Thursday, recovering slightly after facing rejection near $64,000. Renewed geopolitical uncertainty has dampened risk appetite, limiting BTC upside potential.

Aptos recovery eyes a breakout rally after crucial blockchain bug fix

Aptos price is up 3% at press time on Thursday after three consecutive days of weakness earlier this week. The recovery is likely linked to a crucial blockchain bug fix that exposed its entire Total Value Locked of over $100 million at risk.

Bitcoin: Quarter-end rebalancing might fuel BTC next bullish move

Bitcoin (BTC) is up over 3% so far this week, trading above $61,800 at the time of writing on Friday after slipping to a 21-month low earlier this week. Institutional selling continued, with spot Exchange Traded Funds (ETFs) recording net outflows of over $520 million through Thursday, pointing to the eighth consecutive week of withdrawals.