Cryptocurrencies Price Prediction: Ethereum, Solana & Cryptos – American Wrap 17 October


Solana Price Forecast: SOL hovers above $150 as interest in building on its blockchain doubles in 2024

Solana (SOL) hovers around the $150 level on Thursday. Recent gains in the native token of the Solana blockchain are likely catalyzed by rising investor and developer interest. 
Crypto active addresses
Ethereum’s (ETH) price trades broadly stable above $2,600 on Thursday after finding support at a key level on Tuesday. Increasing fees indicate greater network usage, and a record high in ETH staking during the third quarter suggests that more holders are seeking yield, all pointing to the potential for a rally ahead.
L1 Fee Market Share chart. Source: Glassnode

Bitcoin holds above $67,000 on Thursday. The largest cryptocurrency by market capitalization erases less than 1% of its value on the day. With four consecutive days of positive flows, Bitcoin Spot Exchange Traded Funds (ETFs) see a revival in demand from institutional investors. 

INJ

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. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Recommended content


Recommended Content

Editors’ Picks

Ethereum Price Forecast: Bulls are gaining strength

Ethereum Price Forecast: Bulls are gaining strength

Ethereum price stabilizes above $2,600 on Thursday after finding support around the 50-day EMA. Ethereum’s fees collected are increasing, signaling rising network usage. ETH staking reached an all-time high in Q3 as more holders sought to earn yield.

More Ethereum News
Crypto Today: Bitcoin dominance hits highest level since 2021, BTC and Ethereum steady while XRP gains

Crypto Today: Bitcoin dominance hits highest level since 2021, BTC and Ethereum steady while XRP gains

Bitcoin dominance climbs to 58.85% on Thursday, the highest level since April 2021. BTC and Ethereum hold steady above $67,000 and $2,600, key price levels for the top two cryptocurrencies.

More Cryptocurrencies News
Bitcoin Price Forecast: Recent rally fuels “Uptober” hopes

Bitcoin Price Forecast: Recent rally fuels “Uptober” hopes

Bitcoin demand appears to be picking up, according to a CryptoQuant report. BTC’s performance since the fourth halving closely resembles that of the third halving, when prices increased sharply. US Bitcoin Spot ETFs recorded a third straight day of inflows on Wednesday.

More Bitcoin News
XRP climbs above $0.54 as Ripple prepares for lengthy SEC lawsuit and appeals process

XRP climbs above $0.54 as Ripple prepares for lengthy SEC lawsuit and appeals process

Ripple trades above $0.5400 on October 16, Wednesday. The Ripple Swell event announcements and Securities & Exchange Commission (SEC) vs. Ripple lawsuit’s appeal process and its timeline are the key market movers for the altcoin. 

More Ripple News
Bitcoin Weekly Forecast: Will BTC decline further?

Bitcoin Weekly Forecast: Will BTC decline further?

Bitcoin’s (BTC) price fell over 6% at some point this week until Thursday, extending losses for a second consecutive week, as it faced rejection from a key resistance barrier.

Read full analysis
Best Forex Brokers with Low Spreads

Best Forex Brokers with Low Spreads

VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.

Read More

BTC

ETH

XRP