Cryptocurrencies Price Prediction: Zcash, Bitcoin & Pi Network — Asian Wrap 28 November
Zcash Price Forecast: ZEC risks a 30% drop as retail volume overheats the futures market
Zcash (ZEC) extends the pullback by over 3% at press time on Friday, recording over 17% loss so far this week. The second straight bearish week for the privacy coin comes on the back of stagnancy in shielded pools and the congested retail demand, which could serve as exit liquidity for large wallet investors looking to take profits.
Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – Bulls aiming for $100K BTC, $3,500 ETH and $2.35 XRP
Bitcoin price found support around the key psychological level of $80,000 last week, recovered slightly over the weekend, and has rebounded nearly 5% so far this week. At the time of writing on Friday, BTC hovers around $91,000. If BTC continues its recovery, it could extend the rally toward the next key psychological level at $100,000.
Top Crypto Gainers: Pi Network gains on gaming boost as Sky, Ether.fi test key levels
Pi Network edges higher by nearly 3% at press time on Friday, marking its fourth consecutive bullish candle. The expansion of PI token’s use case in the gaming segment, with the CiDi Games partnership announced on Wednesday, serves as the primary catalyst. The PI token bulls aim to reclaim the $0.3000 round figure to challenge the $0.3220 resistance level marked by the August 1 low.
Author
FXStreet Team
FXStreet
