Cryptocurrencies Price Prediction: Uniswap, Filecoin & Binance Coin — Asian Wrap 15 March

FXStreet Team FXStreet

Uniswap Price Prediction: A V-shaped rebound rally could send UNI 13%

Uniswap price (UNI) has been trading with a bullish bias since March 12, a correction influenced by traders flocking to the decentralized exchange (DEX) to trade USDC for other digital assets like UNI. The influx caused a massive surge in trading volume, contributing to a revenue increase while catalyzing a recovery rally. Traders exchanging USDC dominated almost 55% of the trade on Uniswap DEX. The uptrend was bolstered by the US Federal Reserve's announcement of a new bank lending facility, inspiring investors' confidence.

Filecoin price explodes by almost 18% following the launch of Filecoin Virtual Machine

Filecoin marked a new milestone in its roadmap as the blockchain launched its very own Virtual Machine on Tuesday, bringing about a crucial change to the network. Kicking in the final step in the “Filecoin Masterplan”, Filecoin Virtual Machine intends to bring large-scale computation and unlock open data economy for web3.

Binance Coin price tests monthly highs despite Binance suspending deposits and withdrawals in the UK

Binance Coin price has been following the broader market’s lead rising by nearly 10% in the span of 24 hours to trade above $318.

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XRP steadies above $1.90 support as fund inflows and retail demand rise

Ripple (XRP) is stable above support at $1.90 at the time of writing on Monday, after several attempts to break above the $2.00 hurdle failed to materialize last week. Meanwhile, institutional interest in the cross-border remittance token has remained steady.

Cardano struggles to extend gains as retail interest wanes despite Midnight's NIGHT token launch

Cardano ticks higher after a bearish weekend, struggling to extend an upcycle within a descending wedge pattern. On-chain data shows an increase in trading volume and user activity after the Midnight side chain token launch.

Crypto Today: Bitcoin, Ethereum recover as XRP remains supported by ETF inflows

Bitcoin is trending up toward the pivotal $90,000 level at the time of writing on Monday, which marks four consecutive days of gains. Altcoins, including Ethereum and Ripple, are also rebounding above key short-term support levels.

Bitcoin nears $90,000 as recovery hopes clash with institutional outflows

Bitcoin is approaching the $90,000 resistance level at the time of writing on Monday, raising hopes of a short-term recovery. However, the bullish recovery is being challenged by weakening institutional demand, as evidenced by outflows from Spot ETFs.

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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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