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[8 Feb] Weekly Crypto Price Prediction – Bitcoin, Ripple, Ethereum, Tron

  • Thomas Hughes
    📈 Price Predictions

    The prices of TRX, the native token of the Tron network, has moved up more than 100% in the last few weeks and looks like it could go much higher


[8 Feb] Weekly Crypto Price Prediction – Bitcoin, Ripple, Ethereum, Tron
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Contents

The cryptocurrency market may be down but it’s not out. The total market cap of cryptocurrencies has fallen sharply over the last year, but the number of users continues to grow.

Tron Price Prediction - TRX Surges, Can the Move Last?

The prices of TRX, the native token of the Tron network, has moved up more than 100% in the last few weeks and looks like it could go much higher. The move is driven by the Tron Foundation’s partnership with BitTorrent and the subsequent launch of the BitTorrent Token on Binance last week.


BitTorrent is the world’s largest and most used peer-to-peer file-sharing service. The company services all systems including MAC, Windows, and Linux with the so-called fasted Torrent-based file-sharing software in existence. Now that it is part of the Tron network the new BTT tokens can be used to access faster transfer times and other premium services.

The new tokens were criticized prior to launch as making BitTorrent more complicated for infrequent users. The launch of the token belied those fears as the new BTT’s were sold out in mere minutes after launch. The demand for the tokens helped to increase their value and Tron’s as well. Looking forward, this collaboration and other efforts from the Tron Foundation are likely to drive this token higher while others continue to languish at their lows.

TRX/USD chart

Bitcoin Price Prediction

The price of BTC/USD continues to wallow near the long-term low. The price has been drifting sideways to down over the past few days and looks like it will move down to retest support near the $3,175 level. That test will be important, a fall below support would be very bearish and could wipe another $1,600 of the price of the world’s reserve cryptocurrency.

BTC/USD chart

Ethereum Price Prediction

ETH, the native token of the Ethereum network, may have found support. The token has been trending sideways over the past week, near the long-term low, and is today moving up from said level. The move is not overly strong, but it is bullish and could lead to higher prices in the near-term. Longer-term, Ethereum is still under pressure while we wait on system upgrades and hard-forks that seem as though they will never come.

Ethereum Price Prediction

Ripple Price Prediction

XRP is still showing signs of support above the key level of $0.2830. The token is set up for a move higher, a move that may prove to be large, based on the advances Ripple has made over the last year.

XRP/USD Chart

The first hurdle will be the short-term moving average, near $0.32, but once that’s broken moves up to $0.3966 is expected.

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TOP 3 Price Predictions: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) — Should Buyers Fix Their Profit or Not Yet?

  • Denys Serhiichuk
    📈 Price Predictions

    It looks that buyers are fixing their positions. In this regard, is that a chance to buy or we need to follow the general market mood?


TOP 3 Price Predictions: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP) — Should Buyers Fix Their Profit or Not Yet?
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Contents

The situation on the cryptocurrency market has not changed a lot comparing to Thursday. Prices of most coins out of the top 10 have been reduced, however, there are 2 exceptions from the rule. Binance Coin and Litecoin are those ones that keep going up when other coins are ’’relaxing’’.   

Especially it is remarkable for BNB, whose rate has exceeded $20.


BTC’s domination rate is stagnating and now constitutes 52%.

BTC/USD

Friday, Apr. 19 has started for the main cryptocurrency with a red bullish candle, pushed down BTC from $5,274 to the $5,200 mark. Currently, the quotes are trading in the $5,200 - $5,250 corridor.

BTC/USD chart by tradingview

Yesterday, the main cryptocurrency managed to overcome the resistance of the Fibonacci level and tested the mark of $5,276 (61.8%).

If today we manage to return to this level, then the path to the $5,300 mark is possible. The target level of bulls will be reached, after which a pullback will start to fix positions.

On the whole, the BTC maintains an upward priority, but in the coming days, a flat range is also possible.

The price of BTC is trading at $5,256 at the time of writing.

ETH/USD

A general picture for Ethereum is even better than for BTC, as its price has not reduced so much.  Yesterday, the asset touched the $176 mark but was not able to consolidate it and rolled back to $170.

ETH/USD chart by tradingview

On the 1-hour chart, ETH has all efforts to come back to the $180 mark, which was achieved on April.10. That is confirmed by the RSI indicator and trade volumes.

👉MUST READ Ethereum 6 Month Price Prediction – ETH Price May Touch $375 Very Soon. ETH/USD Price Forecast 2019
Ethereum 6 Month Price Prediction – ETH Price May Touch $375 Very Soon. ETH/USD Price Forecast 2019

However, taking into account fundamental factors, some Ethereum based projects have started to migrate to Binance Chain network. If such a trend continues, it could negatively affect the ETH’s rate.

The price of ETH is trading at $171.89 at the time of writing.

XRP/USD

Ripple is the biggest loser from the top 3 coins, as its rate has dropped by more than 2% over the last 24 hours.

XRP/USD chart by tradingview

The price of XRP is trading at $0.33 and continues to move within the growth and the downward channel. The quotes XRP/USD are moving inside the Ichimoku cloud, which indicates the presence of a lateral trend for Ripple.

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An impetus for growth renewal can be the recent news concerning the Huobi exchange which added 3 more trading pairs for XRP.

The price of XRP is trading at $0.3322 at the time of writing

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