The Cryptos News | Daily Bitcoin News
  • Home
  • News
  • Market Cap
  • Top Cryptos
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
    • Cardano (ADA)
    • Solana (SOL)
    • Tether (USDT)
    • XRP (XRP)
    • Polkadot (DOT)
    • Dogecoin (DOGE)
    • USD Coin (USDC)
  • Prices
  • Wallet
  • Crash
  • Investment
  • Exchange
  • Mining
  • Trading
  • Home
  • News
  • Market Cap
  • Top Cryptos
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
    • Cardano (ADA)
    • Solana (SOL)
    • Tether (USDT)
    • XRP (XRP)
    • Polkadot (DOT)
    • Dogecoin (DOGE)
    • USD Coin (USDC)
  • Prices
  • Wallet
  • Crash
  • Investment
  • Exchange
  • Mining
  • Trading
The Cryptos News | Daily Bitcoin News
No Result
View All Result
Home Investment

Ethereum, Cardano, and Solana on Winning Streak: Weekly Overview By CoinQuora

Share on FacebookShare on Twitter


Ethereum, Cardano, and Solana on Winning Streak: Weekly Overview
Ethereum, Cardano, and Solana on Winning Streak: Weekly Overview
  • As US investors accommodated the rising inflation, altcoins , , and witnessed an extended rally.
  • The outlook for Ethereum, Cardano, and Solana is bullish amid news of the upcoming merge and the Vasil hard fork.
  • Cardano price is poised for a 35% price rally, while Ethereum and Solana are expected to continue their uptrend.

After a choppy week, Ethereum, Cardano, and Solana started an uptrend, posting massive gains overnight. Technical indicators turned bullish as the altcoins recovered from the US CPI data announcement and imminent inflation.

The top 10 cryptocurrencies by market capitalization witnessed a spike in their price after the economic outlook shifted. The Ethereum and Solana prices could witness a breakout in the short term.

The Ethereum Merge scheduled to occur in September 2022 is getting priced in as ETH’s price climbs. The altcoin witnessed a rapid change in narrative, from “buy the dip” to “Triple Halving” and “Flippening.” Speculators are purely focused on Ethereum’s Merge as a catalyst for the ETH price rally.

Tim Beiko, a developer at the Ethereum Foundation, announced that September 19, 2022 is the tentative date for the transition from proof-of-work to proof-of-stake. Notably, the Ethereum price is likely to continue its climb till it hits $1,506 and $1,600.85. If bears fail to take over Ethereum, the altcoin will march higher toward the $2,326 target.

ETH-USDT Perpetual Contract (Source: TradingView)

Magic Eden, a leading NFT marketplace on Solana, announced its expansion in the Web3 space with Magic Driver. The NFT marketplace has acted as a driver for higher trade volume and capital inflow to the Solana blockchain. Coupled with the recovering crypto market and rising capital inflow, Solana’s price started an uptrend, posting nearly 7% gains overnight.

The Solana price is eyeing the $60.39 target; if momentum drops and bears takeover, the altcoin’s uptrend will be capped. If Solana’s price continues its climb, the next target is $70.

SOL-USDT Price Chart (Source: TradingView)

Cardano’s price bounced off support at $0.43, and the altcoin has failed to establish a clear trend since mid-June 2022. With each bounce, Cardano’s price trend lost magnitude, and the altcoin weakened. A liquidity run was followed by a consolidation in Cardano, and the altcoin has started its recovery after being controlled by bears for weeks.

Cardano’s price trend is bullish after flipping the 200-day moving average; ADA is ready for the $0.62 target.

ADA-USDT Price Chart (Source: TradingView)

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CQ. No information in this article should be interpreted as investment advice. CQ encourages all users to do their own research before investing in cryptocurrencies.

Continue reading on CoinQuora



Read More:Ethereum, Cardano, and Solana on Winning Streak: Weekly Overview By CoinQuora

Tags: CardanoCoinQuoraEthereumOverviewSolanaStreakWeeklywinning
Previous Post

Cryptocurrency apps stealing millions of dollars have finally caught the FBI’s eye

Next Post

Crypto Layoffs Hit Risk and Compliance Staff at Big Exchanges

Related Posts

Buying Bitcoin on the Dip? 3 Things the Smartest Investors Know About Crypto | The Motley

Buying Bitcoin on the Dip? 3 Things the Smartest Investors Know About Crypto | The Motley

by The Cryptos News
July 30, 2022
0

In the world of crypto, "buy the dip" is such a popular investment strategy that it has become an...

Study up and become a more informed crypto investor with this bundle

Study up and become a more informed crypto investor with this bundle

by The Cryptos News
July 30, 2022
0

The 2022 Advanced Cryptocurrency Trading Bundle.TL;DR: As of July 30, you can get The 2022 Advanced Cryptocurrency Trading Bundle...

Crypto Exchange KuCoin Launches NFT ETFs By Benzinga

Crypto Exchange KuCoin Launches NFT ETFs By Benzinga

by The Cryptos News
July 30, 2022
0

© Reuters. Crypto Exchange KuCoin Launches NFT ETFs Cryptocurrency exchange KuCoin announced on Friday the launch of NFT exchange-traded...

Is It Right Time To Invest In Crypto Market? Crypto Expert Shares Bullish Indicator

Is It Right Time To Invest In Crypto Market? Crypto Expert Shares Bullish Indicator

by The Cryptos News
July 29, 2022
0

Famed crypto analyst and creator of the stock-to-flow model PlanB, has expressed that the current market carnage is what...

Next Post
Crypto Layoffs Hit Risk and Compliance Staff at Big Exchanges

Crypto Layoffs Hit Risk and Compliance Staff at Big Exchanges

Subscribe
Login
Notify of
guest
guest
0 Comments
Inline Feedbacks
View all comments

Trending News

Payperless Crypto Wallet announced working on NFT tokens support

Payperless Crypto Wallet announced working on NFT tokens support

June 25, 2022
June’s Red-Hot Inflation Report Rattled Bitcoin and Ethereum Prices. What That Means for

June’s Red-Hot Inflation Report Rattled Bitcoin and Ethereum Prices. What That Means for

July 14, 2022
Ripple’s Counsel Urges US Lawmakers to Urgently Pass ‘Sensible’ Crypto Legislation Amid

Ripple’s Counsel Urges US Lawmakers to Urgently Pass ‘Sensible’ Crypto Legislation Amid

July 30, 2022
ADVERTISEMENT

Investment

Buying Bitcoin on the Dip? 3 Things the Smartest Investors Know About Crypto | The Motley

Buying Bitcoin on the Dip? 3 Things the Smartest Investors Know About Crypto | The Motley

July 30, 2022
Study up and become a more informed crypto investor with this bundle

Study up and become a more informed crypto investor with this bundle

July 30, 2022
Crypto Exchange KuCoin Launches NFT ETFs By Benzinga

Crypto Exchange KuCoin Launches NFT ETFs By Benzinga

July 30, 2022
Is It Right Time To Invest In Crypto Market? Crypto Expert Shares Bullish Indicator

Is It Right Time To Invest In Crypto Market? Crypto Expert Shares Bullish Indicator

July 29, 2022
$ETH-Based Investment Products Leading Bounce-Back in July, Says CryptoCompare Research

$ETH-Based Investment Products Leading Bounce-Back in July, Says CryptoCompare Research

July 29, 2022

Prices

Latest Report Shows Cryptojacking Increased By 30% During The Crypto Slump

Latest Report Shows Cryptojacking Increased By 30% During The Crypto Slump

July 30, 2022
Tron price prediction as Unifi Protocol TVL explodes

Tron price prediction as Unifi Protocol TVL explodes

July 30, 2022
Bitcoin and Ethereum Prices Are As High As They’ve Been Since June Crypto Crash, But

Bitcoin and Ethereum Prices Are As High As They’ve Been Since June Crypto Crash, But

July 30, 2022

Crypto Flipsider News – Crypto Market Rally; Nirvana (NIRV) Exploited; Vasil Delayed;

July 29, 2022

Trading

CoinFLEX: Amid liquidity crisis, the cryptocurrency exchange had this to say

CoinFLEX: Amid liquidity crisis, the cryptocurrency exchange had this to say

July 30, 2022
SEC Chairman Publishes Video Outlining Plan to Regulate Crypto Trading Platforms –

SEC Chairman Publishes Video Outlining Plan to Regulate Crypto Trading Platforms –

July 30, 2022
Analysis | Why the Crypto World Flinches When the SEC Calls Coins Securities

Analysis | Why the Crypto World Flinches When the SEC Calls Coins Securities

July 29, 2022
FTX wins full approval to operate crypto exchange in Dubai

FTX wins full approval to operate crypto exchange in Dubai

July 29, 2022
Crypto exchange Zipmex files for bankruptcy protection in Singapore

Crypto exchange Zipmex files for bankruptcy protection in Singapore

July 29, 2022
  • About Us
  • Contact Us
  • Terms of Use
  • Privacy Policy
  • DMCA

© 2021 Thecryptosnews.com

No Result
View All Result
  • Home
  • News
  • Market Cap
  • Top Cryptos
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Binance Coin (BNB)
    • Cardano (ADA)
    • Solana (SOL)
    • Tether (USDT)
    • XRP (XRP)
    • Polkadot (DOT)
    • Dogecoin (DOGE)
    • USD Coin (USDC)
  • Prices
  • Wallet
  • Crash
  • Investment
  • Exchange
  • Mining
  • Trading

© 2021 Thecryptosnews.com

wpDiscuz