Cryptocurrencies Price Prediction: Solana, Rune & Hedera — Asian Wrap 14 August

FXStreet Team FXStreet

Solana posts 10% weekly gains, with attention shifting to altcoins as BTC, ETH consolidate along equilibrium

Solana (SOL) price has recorded notable gains, outperforming cryptocurrencies with big market capitalizations like Bitcoin (BTC) and Ethereum (ETH). It comes as the market holds out hope for a catalyst to drive the market, with expectations around the Exchange Traded Fund (ETF) running bleak.

THORChain price rises 20% to beat Shiba Inu in weekend gains; Why RUNE may be due for a 25% crash

THORChain (RUNE) ranks the biggest gainer this weekend, boasting a multi-month high. The striking rally has seen RUNE beat Shiba Inu (SHIB) price in daily gains. The settlement layer token has also outperformed Bitcoin (BTC) and Ethereum (ETH), which continue oscillating along equilibrium levels in a market devoid of impulse.

Hedera price eyes 5% gains as short traders' take profit levels trigger new buy orders

Hedera (HBAR) price is trading with a bullish bias in an attempted recovery from a recent downtrend. The bullishness comes as Bitcoin (BTC) and Ethereum (ETH) continue in a range-bound movement, consolidating along an equilibrium level as the crypto market craves a catalyst.

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FXStreet Team

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Ripple and Stellar outlook: XRP and XLM tumble as technical outlook deteriorates

Ripple and Stellar extend their declines, trading below $1.06 and $0.165, respectively, as selling pressure intensifies. In addition, weakening technical structures and bearish derivatives metrics suggest the correction for both altcoins could deepen if key support levels fail to hold.

Crypto Market Overview: Pi Network, Uniswap lead gains as Bitcoin steadies at $64,000

Bitcoin trades above $64,000 on Thursday, testing the bullish breakout of its 50-day Exponential Moving Average near $64,660. Mild recovery in BTC lifts altcoins, with Pi Network and Uniswap emerging as top performers over the last 24 hours.

Bitcoin stalls despite strong market activity across traditional assets

Bitcoin remained subdued while stocks edged higher and gold lower, suggesting the market is trapped between weakening institutional demand and growing signs of seller exhaustion, according to a Glassnode report on Wednesday.

Hashdex Bitcoin ETF to shut down following low liquidity

Hashdex Asset Management stated on Wednesday that it will liquidate and close the Hashdex Bitcoin ETF (DEFI), due to low assets under management, limited liquidity and operating costs. The fund managed approximately $14.7 million in assets as of July 30, according to a statement on Wednesday.

Bitcoin: Bulls hold the line

Bitcoin (BTC) edges slightly lower, trading at $64,300 at the time of writing on Friday but holding firmly above a key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) support BTC as they continued to attract institutional flows through Thursday, pointing to the fourth consecutive week of net inflows.