Cryptocurrencies Price Prediction: Solana, Bitcoin & Chainlink – American Wrap 05 September
Solana price jumps 7% as Visa outlines plan to use SOL blockchain for USDC payments
Solana (SOL) price has stayed glued to monthly lows over the past week despite an influx of funds from institutional players reaching up to $700,000. This capital inflow and a steady rise in Total Value Locked (TVL) failed to catalyze an uptrend for SOL, but things seem to have changed following a recent announcement.
Bitcoin price is up 26% year-to-date. This rally likely originated on March 10 and is likely to continue in the next six to twelve months, former BitMEX CEO Arthur Hayes said Tuesday in a speech at the Korea Blockchain Week, according to a Cointelegraph report.
Chainlink price could trigger a rally on the daily and three-day time frame, while the outlook of the higher weekly time frame remains indecisive. Investors should pay attention to on-chain metrics that could show whales starting to buy the dip for the LINK token.
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