Cryptocurrencies had a tough run this week as many investors began taking profits. Bitcoin The price fell from a high of $73,500 last week to a low of $62,000. Other coins such as Ethereum, Render, Solana, and Near Protocol also fell.
This decline occurred as many Grayscale Bitcoin Trust (GBTC) holders liquidated their positions due to the hefty fees. GBTC’s expense ratio is 1.50%, which is higher than iShares Bitcoin Trust (IBTC)’s 0.25%. In this article, we look at the following best cryptocurrencies: bitcoin dog (ODOG), Ribbon Finance (RBN) and Sui.
Ribbon Finance price prediction
Ribbon Finance Decentralized Finance (DeFi) is a platform that allows users to earn sustainable returns through decentralized options and lending. platform is over $34 million Total Value Fixed (TVL). Ribbon Earn and Ribbon Lend also have millions of dollars in assets.
RBN price has performed well over the past few weeks, surging from last year’s low of $0.1462 to this month’s high of $1.91. This is an increase of 1,231% from lowest to highest. The market capitalization jumped to more than $746 million.
The ribbon continues to hover above the 50-day and 100-day exponential moving averages (EMA), which are bullish signals. Most recently, it rose for three straight days after forming a bullish candlestick pattern.
My view is that the coin is attempting to form a double top pattern. This means it could continue to rise as investors continue to buy dips. If this happens, the next point to watch would be $1.70, approximately 23.47% above current levels. This view will be invalidated if the price falls below this week’s low of $1.2050.
Bitcoin Docs Price Prediction
Bitcoin Dogs are one of the best-performing new cryptocurrencies this year. The developers recently closed a token sale, raising more than $13 million in just one month. This became the industry’s best performing token sale.
Bitcoin Dogs has not yet been listed on a centralized and decentralized exchange (DEX), but the developers have promised that this will happen soon.
There are several reasons to be optimistic about this. First, the token launch will come at a time when the cryptocurrency industry is in a bull market. The total market capitalization of all cryptocurrencies has jumped to over $2.6 trillion.
Second, it is one of the most hyped cryptocurrencies on the market. It’s a good thing that there are already thousands of holders. Developers are also working to create real-world utility for the token. This includes features such as a 1,000 NFT collection and a gaming platform.
Most importantly, most newly launched meme coins have performed well. These include tokens such as Book of Meme, Solama, and Pepe. You can learn more about Bitcoin Dogs here. here.
Sui price prediction
Sui has developed into one of the best performing cryptocurrencies. Blockchain projects have attracted hundreds of developers and thousands of users. As a result, the total value locked in the ecosystem (TVL) reached an all-time high of over $700 million.
Sui prices have shown a strong bullish trend this year. It has risen for the past three days in a row and is currently hovering near the highest point since February 15th. The token consistently remains above its 50-day and 100-day exponential moving averages.
Therefore, the Sui token will need to clear the important resistance level of the February high at $1.9697 to invalidate the double top pattern. If this happens, it opens the possibility for a surge to $2.50.
