Cryptocurrencies Price Prediction: Shiba Inu, Tron & Bitcoin — Asian Wrap 17 August

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Shiba Inu price dips over 5% following the launch of Ethereum L2 chain Shibarium

Shiba Inu price began as a meme coin, but the Dogecoin-inspired token is now establishing its presence as a legitimate cryptocurrency network with the launch of its Ethereum-based layer-2 (L2) blockchain. Titled Shibarium, the chain will act as a medium for optimum utilization of dog-themed tokens.

TRX price declines despite Tron DAO joining Japan Cryptoasset Business Association

TRX, the ticker for the Tron DAO ecosystem, has continued its downtrend after breaking from a week-long consolidation, joining the rest of the altcoin community that is grinding south and following in Bitcoin’s (BTC) lacklustre moves. As top market capitalization tokens show a lack of volatility, the reduced liquidity has spelled open season for manipulators, and now investors are bracing for wilder moves ahead.

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC grinds down despite surging open interest

Bitcoin (BTC) price is moving south, coming on the back of growing open interest growing and subsequent increases in liquidations. Ethereum is recording a similar market outlook, causing investors to wonder whether it is the work of manipulators. As BTC and ETH investors brace for a massive move, Ripple (XRP) price continues to whiplsahs and may whitewash all the ground covered on July 13 if bulls continue sitting on their hands.

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Aave Price Forecast: AAVE surges as capital flows return to DeFi

Aave (AAVE) extends its rally, trading above $81 on Thursday after closing above its key resistance and surging more than 10% the previous day. The bullish move is supported by improving on-chain metrics, with USDT deposits flowing back into the protocol and strengthening its lending ecosystem.

Crypto Market Overview: Bitcoin tests $60,000 as whales sell off – Aave and Jupiter show resilience

The broader cryptocurrency market remains under intense selling pressure, with Bitcoin back at $60,000 for the third time this year. On-chain data shows selling pressure from large-wallet investors, commonly referred to as whales, while total liquidations hit nearly $1 billion in 24 hours.

XRP Price Forecast: Ripple and SBI Group partner to launch RLUSD in Japan

Ripple remains under pressure, trading at $1.06 after losing nearly 5% so far this week. Ripple and SBI Group partnered to launch RLUSD stablecoin in Japan following approval from the Japan Financial Services Agency on Thursday, but the move failed to lift sentiment.

Ethereum Price Forecast: ETH could see a 30% decline if history repeats

Ethereum (ETH) has fallen toward the $1,600 level, down over 3% on Wednesday as risk-off signs persist across key onchain metrics. The ETH Realized Price Lower Band, which has historically marked bear market bottoms for the top altcoin, suggests ETH has room for further downside before staging a proper upward move.

Bitcoin: Recovery hopes fade after the Fed spoils the party

Bitcoin (BTC) is set to end the week in the red, trading near the 200-Week Simple Moving Average (SMA) at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds (ETFs) point to a sixth consecutive week of outflows.