Cryptocurrencies Price Prediction: Ripple, Aptos & Solana – European Wrap 23 September
|Ripple price steady above key support as on-chain metric suggests bullish outlook
Ripple (XRP) stabilizes and trades above a key support level on Monday after a nearly 3% rise last week. However, the on-chain data hints at a rally ahead as XRP’s open interest is rising and reaching the highest level in one month, indicating new buying is occurring.
Aptos is ready for new rally
Aptos is a Layer 1 Proof-of-Stake (PoS) blockchain developed by Aptos Labs. It uses the Move programming language, originally created by Meta for the Libra blockchain, to enhance security and scalability. Aptos aims to promote web3 adoption and support a diverse ecosystem of decentralized applications (DApps). The blockchain can theoretically process over 150,000 transactions per second through parallel execution. The native token of the Aptos network is APT, with an initial supply of 1 billion tokens.
Why is Solana’s price outlook bullish?
Solana (SOL) price slightly retraces but holds at around $145 on Monday after a 10% rally last week. Multiple announcements bolster a bullish outlook for SOL, including Coinbase’s plans to launch wrapped Bitcoin on the Solana network, Sky’s (formerly MakerDAO) introduction of the USDS stablecoin on Solana, and Travala’s integration with Solana to enhance the booking experience. These all hint at a bullish projection for SOL in the upcoming days.
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.