Cryptocurrencies Price Prediction: Ethereum, Popcat & Altcoins — Asian Wrap 23 August
|Ethereum ETFs record longest outflow streak, exchange net flow indicates mounting selling pressure
Ethereum (ETH) is down 1% on Thursday as its ETF and exchange net flows suggest that sellers dominate the market. Despite the selling pressure, Ethereum co-founder Vitalik Buterin shared a post depicting its growth across several metrics.
Solana meme coin Popcat surges over 20% following Binance futures and KuCoin listings
Binance exchange announced it had listed perpetual contracts for Solana meme coin POPCAT on Thursday with up to 75x leverage. The listing means Binance's wide user base can now gain leveraged exposure to the price of POPCAT. Such listings often translate to significant price growth for a cryptocurrency.
Altcoins NEAR, IMMUTABLE, AVAX rallies amid market downturn
Avalanche (AVAX), ImmutableX (IMX) and Near Protocol (NEAR) tokens rallied on Thursday as all three networks appeared to have experienced positive investor sentiments. AVAX and IMX are currently up 4.2% and 10%, while NEAR slightly declined after rallying 4%.
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