Cryptocurrencies Price Prediction: Solana, Monero & Dogecoin — Asian Wrap 12 January

Solana edges higher by 2% at press time on Monday, adding to the nearly 3% rise from Sunday. A steady inflow into US spot SOL-focused Exchange Traded Funds reflects deeper institutional support for Solana. Additionally, Solana is exploring private transactions through a hackathon starting on Monday.

Monero leads the crypto market recovery, posting roughly 23% gains over the last 24 hours, suggesting renewed interest in privacy coins. Additionally, Story (IP) and Render (RENDER) with double-digit gains sustain bullish momentum.

Dogecoin (DOGE) is trading down at the time of writing on Friday, reflecting a sudden spike in volatility following the release of the United States Nonfarm Payrolls report. The Bureau of Labor Statistics reported that the US NFP rose by 50,000 in December, below market expectations of 60,000.

Ripple (XRP) is trading under pressure, resting squarely on support at $2.00 at the time of writing on Friday. The path with the least resistance appears downward, weighed down by declining retail demand despite minor inflows into XRP spot Exchange Traded Funds.

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Bitcoin (BTC) is trading lower toward $90,000 on Friday after encountering rejection at a key resistance zone. The price pullback in BTC is supported by fading institutional demand, as spot Exchange Traded Funds (ETFs) have recorded net outflows so far this week.