Cryptocurrencies Price Prediction: Solana, Shiba Inu & Ripple — Asian Wrap 23 September

FXStreet Team FXStreet

Solana rally to $160 likely, even as executives face off on whether the Solana Foundation should be dissolved

Solana (SOL) hovers near $146 on Sunday, as SOL traders digest the debate between executives at the Breakpoint crypto conference. The event has taken place every year since 2021 and this year, two executives built the case for the dissolution and preservation of the Solana Foundation.

Shiba Inu loses value as Shibarium adoption slows down, 8% decline likely

Shiba Inu (SHIB) trades at $0.00001472 at the time of writing. The meme coin has noted a decline in the utility of its ecosystem projects like Shibarium and Shibaswap.

XRP gears up for double-digit price rally, eyes $0.66 target

Ripple (XRP) trades at $0.5872 at the time of writing. XRP Ledger’s native token is likely poised for gains as the payment remittance firm prepares for its stablecoin Ripple USD (RUSD) launch.

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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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