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Cryptocurrencies Price Prediction: Solana, Ripple & Pepe — Asian Wrap 28 August

Solana total value locked and transactions recover, likely to catalyze SOL price recovery

Solana, one of Ethereum network’s competitors, witnessed a 50% increase in the total volume of assets locked (TVL) on its blockchain. Solana’s TVL climbed from 205.11 million to 309.32 million since the beginning of 2023.

XRP price makes comeback above $0.50 as pro-XRP lawyer urges former SEC officials’ testimony

XRP price started its recovery early on Saturday. The recent consolidation in XRP was a result of the developments in the Securities and Exchange Commission (SEC) vs. Ripple lawsuit. Following pro-XRP attorney John Deaton’s comments urging former SEC officials’ testimony, the altcoin’s price made a comeback above $0.50.

PEPE coin team issues statement on bad actors in founding team, 10 trillion PEPE tokens left

PEPE coin suffered a massive decline in its price in response to the sudden transfer and sale of 16 trillion tokens to crypto exchanges. As the community of PEPE holders scrambled for answers, the price of the meme coin nosedived to a low of $0.00000082.

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Ripple tumbles as sell-side pressure intensifies

Ripple edges lower and trades at $1.45 on Wednesday, as headwinds intensify across the crypto market. Major crypto assets remain in bearish hands, with Bitcoin falling below $84,000 and Ethereum below $2,800.

Crypto Today: Bitcoin, Ethereum and XRP fall liquidating $550M

Bitcoin’s correction follows a recent rejection due to supply around $87,200. Altcoins are generally in a correction trend, as Ethereum edges lower toward the next key support at $2,600 and Ripple extends its down leg near the $1.45 demand area.

Polygon extends decline as shutdown rumors fuel panic selling

Polygon is down nearly 5% on Wednesday, amid selling pressure linked to rumors of a network shutdown sparked by a social media post. Derivatives data shows a sell-side dominance as Open Interest declines 13% over the last 24 hours while funding rates flip negative.

Pi Network Price Forecast: Steady decline risks a lower leg below $0.080

Pi Network (PI) continues to extend a bearish phase over the last seven days, risking a breakout below the $0.0800 round figure. The social chatter surrounding the PI token is on the rise, likely driven by investors’ fear.

Bitcoin: Is BTC setting up for an Uptober rally?
Bitcoin (BTC) extends its gains, trading near $86,000 at the time of writing on Friday after closing September 6.33% up, reversing its seasonal weakness. Historical data suggest October could be a strong month for BTC, especially after a positive September.