Cryptocurrencies Price Prediction: Binance Coin, Chainlink & Ripple — Asian Wrap 18 July – FXStreet
FXStreet Team
FXStreet
Binance CEO Changpeng Zhao (CZ) remains steadfast, relentlessly fighting negative publicity about his firm, both substantiated and unsubstantiated. His efforts have intensified this year as Binance Exchange has come into the spotlight with the US Securities and Exchange Commission (SEC) clamping down on exchanges.
Chainlink (LINK) price is bullish, defying current bearishness in the crypto market as Bitcoin (BTC) fails to provide direction. The token’s stats are flashing green on CoinMarketCap, suggesting optimism in the LINK market. It comes amid a new network development poised to meet users where Decentralized Finance (DeFi) and Traditional Finance (TradFi) intersect.
XRP price continues with a bearish bias, pulling toward the negative side of an otherwise neutral technical formation. The move is unorthodox, considering a recent development that has inspired a new wave of optimism among Ripple community members. In a related development Chair of the US Securities and Exchange Commission (SEC) has resurfaced publicly for the first time since Judge Torres' ruling, saying he is disappointed about the court's decision.
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Litecoin is inching closer to its highly anticipated halving event. According to the Nicehash countdown timer, LTC’s block reward halving is less than 15 days away. Halving is typically considered a bullish event for the altcoin.
Ethereum creator Vitalik Buterin explained key innovations that could tackle the challenges facing the ETH blockchain. Account abstraction is one such catalyst that could entice a billion users to Ethereum.
PEPE price has been on a downtrend for nearly four days. Currently, the meme coin is on stable grounds and anticipates a bounce that could extend to key hurdles.
Cathie Wood has reiterated support for Bitcoin, saying confidence in the flagship asset has increased. She calls Bitcoin an insurance policy basing her argument on the March bank collapses.
Bitcoin (BTC) price got a respite from sideways trading after the United States Securities and Exchange Commission (SEC) vs. Ripple lawsuit reached a conclusion, for now. The announcement caused Ripple (XRP) price to double in a few hours, causing other altcoins to also rally from the hype.
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