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Cryptocurrencies Price Prediction: Solana, Yearn Finance & Shiba Inu — Asian Wrap 24 January

Solana price prediction: This is why a 26% decline may not be on the cards for SOL

Solana price rally took a break over the last few days as the Ethereum killer managed to cater to every bull in the last three weeks. Going forward, traders looking to long the altcoin are expecting another similar rally that would push the cryptocurrency to recover the losses it accumulated following the November 2022 crash.

Yearn Finance price rallies by 8% as MakerDAO prepares to deploy $100 million on the Dapp to earn yield

MakerDAO has been attempting to generate yield for the last couple of months now, and the collapse of FTX ended up being the perfect motivator to focus on the same. Also justifying transparency in doing so, Maker proposed the Maker Improvement Proposal (MIP) 92.


Shiba Inu Price Prediction: Time to look for a pullback?

Shiba Inu price is cooling down after an impressive first leg up to start the new year. The technicals now suggest a pullback is on the horizon. Thus, traders should apply caution while trading the notorious meme coin. Shiba Inu price has created a new narrative for itself as the digital dog coin has risen by 60% since January 1.

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XRP slides as institutional and retail demand falters

Ripple is trading down for the third consecutive day on Thursday amid escalating volatility in the cyrptocurrency market. After peaking at $2.41 on Tuesday, its highest print since November 14 amid the early-year rally, XRP has quickly ran into aggressive profit-taking.

Zcash downside risks escalate as core development quits amid internal disagreements

Zcash (ZEC) is trading down as volatility reaps through the cryptocurrency market on Thursday. The privacy-focused token is down nearly 14%, marking the largest intraday loss since December 1.

Crypto Today: Bitcoin, Ethereum, XRP extend decline as ETF outflows pose headwinds

Bitcoin is trading around $90,000 at the time of writing on Thursday as volatility grips the broader cryptocurrency market. Altcoins, including Ethereum and Ripple, also face increasing selling pressure, which continues to trim early-year gains.

Bitcoin slips below $90,000 amid profit-taking, ETF outflows

Bitcoin (BTC) slips below $90,000 on Thursday after a failed rejection at a key resistance level earlier this week. Bearish sentiment is strengthening as institutional demand fades, with spot Bitcoin Exchange-Traded Funds (ETFs) recording outflows.

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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.