Tezos set for the last stretch as investors ignore warnings
Tezos (XTZ) price action is printing a staggering performance in just a slim two months with 62% gains after bouncing off $1.19 and nearing $2. Momentum and the daily price chart still point to more upside potential, but traders must bear in mind that the window of opportunity is starting to close as seasonality is set to kick in, with September known as the worst performing month for cryptocurrencies over a five-year track record. Additionally, several Fed members have come out these past few days and over the weekend and said that investors should not focus on early rate cuts at the beginning of 2023, as the Fed will keep hiking until inflation is near 2%, with no forward guidance and rate hikes projections heavily dependent on economic data.
SEC supporters come to the rescue, while XRP price hints at a potential crash
XRP price is grappling with a significant resistance barrier after months of trying to flip it. The most recent failure could result in a steep correction, especially if Bitcoin price crashes. While the structure for cryptocurrencies remains indecisive, Congressman Brad Sherman said in a recent interview that the US Securities and Exchange Commission (SEC) will prevail in its investigation into Ripple.
Dogecoin Price Forecast: A short-term 60% breakout play and macro levels to DCA
Dogecoin price shows that the bulls are back in town and have already triggered a journey to the upside. While this outlook was expected in our previous publications, this article will also take a look into the macro outlook for DOGE.
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VanEck sees Bitcoin reaching $61 trillion market cap, Marathon buys $100 million BTC
Bitcoin declined by 1% on Thursday following asset manager VanEck's forecast that the top digital asset will reach a $61 trillion market capitalization by 2050.
Ethereum Classic price sets for a rally following retest of key support
ETC edges higher by 2.3% and trades around $22.60 at the time of writing on Friday after testing a key support area the day before. On-chain data showing increased account growth suggests a bullish move ahead. Ethereum Classic price faced rejection by the daily resistance level of $25.13 earlier this week.
Celebrity meme coins lose their shine
Celebrity meme coins report by Jupiter Slorg on Thursday shows that these tokens have been in deep waters since early July after experiencing heavy growth in June. In a recent analysis, Jupiter Slorg revealed that celebrity meme coins are down by an average of 94% from their all-time highs.
Ripple gains 5%, Mark Cuban says Kamala Harris’ nomination could affect SEC lawsuit
Ripple (XRP) made a comeback above key psychological resistance early on Wednesday. Crypto traders are optimistic after the Ethereum Exchange Traded Fund (ETF) launch. Entrepreneur and investor Mark Cuban recently shared his comments on how Kamala Harris’ nomination to the Presidential elections could influence crypto regulation.
Bitcoin: Will BTC manage to recover from recent market turmoil?
Bitcoin recovers to $67,000 on Friday after finding support around $63,500 a day before. Still, BTC losses over 1.50% on the week as Mt. Gox persists in transferring Bitcoin to exchanges.