Bulls and bears continue to play tug-of-war with varying success. Over the weekend, Bitcoin gave market participants hope for continued gains as it rose to $42,500, but sellers stepped up again, bringing the price back below $40K. Low trading volumes of around $25 billion make Bitcoin vulnerable to manipulation. It may be because of manipulation that we are now seeing the price swing near round value.
Low trading volumes, in general, could lead to a situation where a few large investors can move Bitcoin and the entire market after it. The return of Bitcoin’s hash rate growth may contribute positively. The prospect of rising prices will encourage miners to launch their ASICs in new jurisdictions as quickly as possible. Reduced computational complexity creates a competitive advantage for those who haven’t shut down their equipment or can hurry with relocation.
While the first cryptocurrency continues to play the role of the engine of the crypto market, some developments may still have the potential to impact their own. Ethereum’s recent growth is pegged to the upcoming “London” hardfork, scheduled to take place around August 4th. Ethereum is trading around $2,600, showing an increase of 11% over the week, but we should understand that the price grows before the event and can significantly fall.
XRP is also back in the news field. The project hasn’t been pleasing holders with new partnerships for a long time. And now it has been announced that Ripple will launch a payment corridor between Japan and the Philippines based on On-Demand Liquidity (ODL) for international payments. Although RIpple is not directly related to the XRP token, good news for the company is often positive for XRP price.
Attention during the week will also attract Binance, and despite all the flow of negative news around the exchange, the token BNB behaves surprisingly steady. Market participants are looking at what is happening from a broader perspective, realizing that the current events may be part of a larger plan to IPO.
# | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
1 | ![]() |
Bitcoin predictions | 94.4% | 4 | $26 275.38 | 0.21% | -1.57% | $512 264 229 303 | ||
---|---|---|---|---|---|---|---|---|---|---|
2 | ![]() |
Ethereum predictions | 93.6% | 6 | $1 587.57 | 0.57% | -2.66% | $190 876 036 699 | ||
3 | ![]() |
Tether predictions | 93.6% | 1 | $0.999885 | -0.02% | -0.07% | $83 198 315 990 | ||
4 | ![]() |
Binance Coin predictions | 93.6% | 4 | $210.08 | 0.83% | -2.71% | $32 320 352 678 | ||
5 | ![]() |
XRP predictions | 89.2% | 8 | $0.502599 | 0.41% | -0.08% | $26 761 004 233 | ||
6 | ![]() |
USD Coin predictions | 91.6% | 1 | $1.000132 | 0% | -0.03% | $25 663 543 950 | ||
7 | ![]() |
Lido stETH predictions | 95.2% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 | ||
8 | ![]() |
Cardano predictions | 90.4% | 7 | $0.246432 | 1.19% | -2.10% | $8 655 293 025 | ||
9 | ![]() |
Dogecoin predictions | 89.6% | 6 | $0.060907 | 0.18% | -1.83% | $8 597 490 194 | ||
10 | ![]() |
Wrapped TRON predictions | 86.4% | 17 | $0.083230 | -0.20% | 0.26% | $8 462 475 836 | ||
11 | ![]() |
Solana predictions | 85.2% | 23 | $19.34 | -0.10% | -1.80% | $7 981 923 575 | ||
12 | ![]() |
TRON predictions | 88% | 20 | $0.084366 | 0.89% | 0.58% | $7 518 294 306 | ||
13 | ![]() |
Toncoin predictions | 60% | 80 | $2.15 | -1.96% | -10.71% | $7 370 150 744 | ||
14 | ![]() |
Dai predictions | 93.2% | 1 | $0.999781 | -0.07% | 0.01% | $5 346 718 270 | ||
15 | ![]() |
Polkadot predictions | 82.4% | 23 | $4.07 | 1.80% | -0.55% | $5 255 365 325 |
Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.
© 2015-2023 Crypto-Rating.com
The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.