Cryptocurrencies Price Prediction: Ethereum, Cardano & Terra – American Wrap 05 April [Video]

FXStreet Team FXStreet

Ethereum exchange supply hits multi-year lows, VanEck analysts predict a rally to $11,800

Ethereum token reserves on exchange wallets have declined to their lowest level since 2018. As of June 5, ETH reserves sit at 17.2 million Ether, a multi-year low. Dwindling Ethereum reserves are considered a bullish catalyst for the altcoin, while analysts set an $11,800 target for the altcoin.

Cardano network’s Charles Hoskinson warns traders against AI token scams ahead of Apple developer conference

Charles Hoskinson, the founder of Ethereum-alternative Cardano (ADA), has warned the crypto trading community against scams. With market participants watching the upcoming Apple 2023 Worldwide Developer Conference (WWDC) lined up for Monday, there is a rally in artificial intelligence-based (AI) tokens.

Terra LUNA Classic price on the rise as Montenegro court approves Do Kwon’s second bail request

Terra LUNA Classic (LUNC) price yielded double-digit gains overnight for holders. LUNC price rallied in response to the recent development in Do Kwon’s bail request. The next hearing in Kwon’s case is June 16.

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Solana Price Forecast: SOL consolidates as spot ETF inflows near $1 billion signal institutional dip-buying

Solana (SOL) price hovers above $131 at the time of writing on Monday, nearing the upper boundary of a falling wedge pattern, awaiting a decisive breakout.

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – BTC, ETH and XRP face pressure near key technical barriers

Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) hover around key levels on Monday after correcting slightly in the previous week. The top three cryptocurrencies by market capitalization could face increased downside risk as bearish momentum builds across key indicators.

Top Crypto Losers: DASH, SPX, PENGU – Privacy and meme coins lose ground

Altcoins, including Dash (DASH), SPX6900 (SPX), and Pudgy Penguins (PENGU), are leading losses as the broader cryptocurrency market remains cautious ahead of the macroeconomic data releases, such as the US Nonfarm payroll report, CPI data, and the Bank of Japan’s rate-hike decision.

Top 3 Price Prediction: BTC and ETH eyes breakout, XRP steadies at support

Bitcoin (BTC) and Ethereum (ETH) are nearing the key resistance levels at the time of writing on Friday, and a successful breakout could open the door for a fresh rally. Meanwhile, Ripple (XRP) is stabilizing around a crucial support zone, hinting at a potential rebound if buyers maintain control.

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Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.

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