Cryptocurrencies Price Prediction: Bitcoin, Ondo & AI Tokens — Asian Wrap 20 May
|Crypto analyst says Bitcoin bottom is very close, another correction in BTC likely
Bitcoin is trading above $67,000 on Sunday after securing support at $65,000. While BTC holds its gains steady, analysts evaluate the price trend of the largest asset by market capitalization and predict a deeper correction in Bitcoin.
ONDO rallies 7% as exchange supply declines and social rises
ONDO, a DeFi token added 7% to its value on Saturday as the asset featured in higher number of discussions on social media platforms. Crypto intelligence tracker Santiment tracks the metric social dominance and helps identify the assets that are gaining traction among traders.
AI tokens could really ahead of Nvidia earnings
Native cryptocurrencies of several blockchain projects using Artificial Intelligence (AI) could register gains in the coming week as the market prepares for NVIDIA earnings report. Render (RNDR) and Origintrail (TRAC) posted gains in the past 24 hours while other AI tokens in the top 20 assets ranked by market capitalization are hit by a correction.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.