Cryptocurrencies Price Prediction: Ethereum, Bitcoin & AI Tokens — Asian Wrap 24 September
|Ethereum outperforms top 20 cryptos as it targets $2,817
Ethereum (ETH) is up nearly 4% on Monday following its impressive rally in the past five days since the Federal Reserve (Fed) cut rates by 50 basis points. ETH is currently attempting to reclaim a key support level at $2,817.
Bitcoin could aim for $65,000 if key support level holds
Bitcoin (BTC) halts the recent positive movement and stabilizes above its key psychological level of $62,000 on Monday after a nearly 7.5% rise last week. On-chain data hints at a neutral sentiment among BTC’s traders. Additionally, the US spot Bitcoin Exchange Traded Funds (ETFs) experienced a slight decline in inflows week-on-week.
TAO, NEAR, RENDER lead rally as AI tokens surge
Artificial intelligence (AI) tokens led by TAO, NEAR and RENDER saw double-digit gains on Monday. Analytics platform Token Unlocks suggested that tokens like FET and RENDER, which possess high circulation and low FDV, are less liable to experience speculative volatility.
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.