Cryptocurrencies Price Prediction: Solana, SafeMoon & Chainlink — Asian Wrap 15 Mar [Video]

FXStreet Team FXStreet

Solana price hits lowest point in six months, recovery likely as the Ethereum-killer leads in Web3 gaming

Solana price has dropped 69% over the past six months, hitting its lowest since August 2021. Analysts identify the Solana price chart's falling wedge pattern and predict recovery in the ongoing cycle. UK-based game development and animation studio founder believes Solana could leave Ethereum in the dust in Web3 gaming.

SafeMoon price traps bulls before another downswing

SafeMoon ( SAFEMOON) price action is on the back foot again, although cryptocurrencies in general are faring well after positive news on talks between Russia and Ukraine. SafeMoon price action looks to be an outlier with bears in the driving seat and not yet set to give up on their positions.

Chainlink price squeezes shorts out in bear trap

Chainlink (LINK) price action is on a rampage this morning as bulls are performing a breakout trade that pushes bears out of their positions. Over the weekend, price action dropped to lower levels but did not make new lows for the month.

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Avalanche struggles near $12 as Grayscale files updated form for ETF

Avalanche trades close to $12 by press time on Wednesday, extending the nearly 2% drop from the previous day. Grayscale filed an updated form to convert its Avalanche-focused Trust into an ETF with the US Securities and Exchange Commission.

Bitcoin slips below $87,000 as ETF outflows intensify, whale participation declines

Bitcoin price continues to trade around $86,770 on Wednesday, after failing to break above the $90,000 resistance. US-listed spot ETFs record an outflow of $188.64 million on Tuesday, marking the fourth consecutive day of withdrawals.

Michael Selig assumes role as new CFTC Chair, what does this mean for crypto?

Michael Selig has been sworn in to serve as the 16th Chairman of the Commodity Futures Trading Commission. Selig was confirmed by the US Senate to head the commission last week, following his October nomination by the US President Donald Trump.

Crypto.com hires sports trader for event prediction market-making

Crypto.com plans to recruit a quant trader for the sports market-making team to buy and sell financial contracts related to these events. Opponents argue that internal trading desks put operators or their affiliates on the opposite side of customer trades.

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Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.

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