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Cryptocurrencies had a great week as their market capitalization surged to $1.25 trillion.
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A judge ruled that XRP is not a financial instrument, and Ripple won.
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Bitcoin and other altcoins rallied this week.
Cryptocurrencies have had a very strong week following weak US inflation data and the outcome of the SEC vs. Ripple case. Ripple’s price surged by more than 70%, pushing the market cap of all cryptocurrencies to over $1.25 trillion. Here are the weekend forecasts for major coins like Cardano, Solana and ApeCoin.
Cardano price prediction
Cardano ADA price made a strong bullish breakout after the SEC vs. Ripple news we covered. here. It climbed to $0.375, its highest level since June 4. The rise came as the SEC named Cardano as a financial security. As such, Cardano and its developers could win if the SEC files charges.
The Ripple case is a breakthrough in establishing that tokens are distinct from investment contracts, whether they are part of them or not. Now let’s make it law. 👇 pic.twitter.com/FZtO1BzfWX
— Tom Emmer (@GOPMajorityWhip) July 13, 2023
Looking at the daily chart, Cardano price is ripple news. It has strengthened at the critical support level of $0.30, the March 12th low.
Cardano is currently trading just above the 50-day moving average. It is also trading at the 200-day moving average. Therefore, although the bullish return has weakened, the rally is likely to continue as buyers target the next key resistance level, which is about 20% above current levels at $0.42.
How to buy Cardano
binance
Binance is one of the world’s largest cryptocurrency exchanges. Suitable for more experienced investors, there are over 600 cryptocurrencies to choose from. Binance is also known for its low trading fees and multiple trading options that users can benefit from. Peer-to-peer trading, margin trading, spot trading.
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bit stamp
Bitstamp is a leading cryptocurrency exchange that offers trading in fiat or popular cryptocurrencies. Bitstamp is a fully regulated company that offers its users an intuitive interface, high security of their digital assets, excellent customer support, and multiple withdrawal methods.
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Solana Price Prediction
Solana became one of the top performing cryptocurrencies this week. It briefly climbed to $32.20, its highest since November last year. It has been rising for the last three days.
SOL price has broken above key resistance at the April 17th high of $25.83. The coin has also broken above the 50-day and 100-day moving averages. At the same time, the Relative Strength Index (RSI) rose above the overbought level of 80.
Stochastic Oscillator RSI has broken above the overbought point. Therefore, the coin may continue to move higher as buyers target key resistance at the Nov. 5 high of $38.60.
ApeCoin price prediction
ape coin Over the past few months, prices have been on a strong downward trend. The decline came as the volume of Bored Ape Yacht Club (BAYC) NFTs plummeted. APE has broken below the key support at $2.60, last November’s low.
The token has crashed below all moving averages while the Relative Strength Index (RSI) has risen above the neutral 50. Therefore, the outlook for ApeCoin token is bearish as the demand for NFT and BAYC tokens has dropped.
How to buy Apecoin
Nexo
Since 2018, Nexo has strived to provide professional financial services to the world of digital assets. Nexo is leveraging the team’s years of experience in fintech and the power of blockchain technology to empower millions of people to tap into the value behind cryptocurrencies and build a new and better financial system. form.
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