Bitcoin
BTC$26 275.38

0.21%

Ethereum
ETH$1 587.57

0.57%

Tether
USDT$0.999885

-0.02%

Binance Coin
BNB$210.08

0.83%

XRP
XRP$0.502599

0.41%

USD Coin
USDC$1.000132

0%

Cryptocurrencies cautiously creeping upward


03 Aug 2021

#Bitcoin

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.


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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 94.4% 4 $26 275.38 0.21% -1.57% $512 264 229 303 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 93.6% 6 $1 587.57 0.57% -2.66% $190 876 036 699 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 93.6% 1 $0.999885 -0.02% -0.07% $83 198 315 990 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 93.6% 4 $210.08 0.83% -2.71% $32 320 352 678 BNB 7 days price change
5 XRP (XRP) XRP XRP predictions 89.2% 8 $0.502599 0.41% -0.08% $26 761 004 233 XRP 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 91.6% 1 $1.000132 0% -0.03% $25 663 543 950 USDC 7 days price change
7 Lido stETH (STETH) STETH Lido stETH predictions 95.2% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
8 Cardano (ADA) ADA Cardano predictions 90.4% 7 $0.246432 1.19% -2.10% $8 655 293 025 ADA 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 89.6% 6 $0.060907 0.18% -1.83% $8 597 490 194 DOGE 7 days price change
10 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 86.4% 17 $0.083230 -0.20% 0.26% $8 462 475 836 WTRX 7 days price change
11 Solana (SOL) SOL Solana predictions 85.2% 23 $19.34 -0.10% -1.80% $7 981 923 575 SOL 7 days price change
12 TRON (TRX) TRX TRON predictions 88% 20 $0.084366 0.89% 0.58% $7 518 294 306 TRX 7 days price change
13 Toncoin (TON) TON Toncoin predictions 60% 80 $2.15 -1.96% -10.71% $7 370 150 744 TON 7 days price change
14 Dai (DAI) DAI Dai predictions 93.2% 1 $0.999781 -0.07% 0.01% $5 346 718 270 DAI 7 days price change
15 Polkadot (DOT) DOT Polkadot predictions 82.4% 23 $4.07 1.80% -0.55% $5 255 365 325 DOT 7 days price change

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