Cryptocurrencies Price Prediction: Tokens, Ethereum & SUI –Asia Wrap 13 September


AI tokens rally alongside NVDA following White House discussion on AI technology

Several AI tokens rallied on Thursday following a rise in Nvidia stock price as its CEO Jensen Huang hinted at the "beginning of a new industrial revolution" in an artificial intelligence meeting held at the White House.
 
Ethereum (ETH) is up 0.5% on Thursday following speculation that the Securities & Exchange Commission (SEC) confirmed that the top altcoin is not a security. Meanwhile, ETH is experiencing high exchange inflows, indicating rising selling pressure among investors.
ETH Exchange Net Flow
SUI is up 11% on Thursday, continuing its impressive rise over the past week. The rise follows several key upgrades and launches related to the SUI token. While SUI could stage a further rally if it breaks above the $1.171 level, investors need to watch out for a potential price correction if the resistance holds.
SUI Weekly Outperformance
 

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

Why Polygon’s MATIC may have seen a bottom amid underperformance

Why Polygon’s MATIC may have seen a bottom amid underperformance

Polygon MATIC, now known as POL, has been one of the most underperforming cryptocurrencies in the top 100 since the beginning of the year, declining more than 62% year-to-date. However, several key metrics on Wednesday show that its price may have seen a bottom.

More Polygon News
SUI rallies as Circle announces the launch of USDC on its network

SUI rallies as Circle announces the launch of USDC on its network

Layer-1 blockchain Sui has been gaining constant attention following big launches on its network, including the latest launch from USDC issuer Circle. Circle announced its plans to launch its USDC stablecoin on the Sui blockchain on Tuesday. The announcement also included the integration of Circle's CCTP for cross-chain building among developers.

More Sui News
Ethereum could rally 17% amid Bitwise thesis on ETH contrarian bet

Ethereum could rally 17% amid Bitwise thesis on ETH contrarian bet

Ethereum (ETH) is up 2% on Tuesday as anticipation grows for a 50-basis-point interest rate cut by the US Federal Reserve (Fed). Meanwhile, Bitwise's weekly memo noted that Ethereum still provides several opportunities and looks like a contrarian bet.

More Ethereum News
Bitcoin rallies with crypto market on steeper Fed rate cut speculation and Q4 positivity

Bitcoin rallies with crypto market on steeper Fed rate cut speculation and Q4 positivity

Bitcoin (BTC) and the crypto market saw a brief rally on Tuesday following speculations that the Federal Open Market Committee (FOMC) may opt for a 50-basis-point rate cut during its meeting on Wednesday.

More Bitcoin News
Bitcoin: On the road to $60,000

Bitcoin: On the road to $60,000

Bitcoin price retested and bounced off from the daily support level of $56,000 this week. US spot Bitcoin ETFs posted $140.7 million in inflows until Thursday and on-chain data supports a bullish outlook.

Read full analysis
Moneta Markets review 2024: All you need to know

Moneta Markets review 2024: All you need to know

VERIFIED In this review, the FXStreet team provides an independent and thorough analysis based on direct testing and real experiences with Moneta Markets – an excellent broker for novice to intermediate forex traders who want to broaden their knowledge base.

Read More

BTC

ETH

XRP