Price Forecast for Cryptocurrencies: Bitcoin, Ethereum, and BNB Asian Wrap 23 July
Nearly $2 billion worth of Ethereum is prepared to leave the network as the validator exit reaches nine days of waiting.
Validators who are in line to leave the Ethereum (ETH) network with their staked ETH are leaving in droves. The 160% increase in Ethereum over the past four months has been followed by a change in validator mood. Relatively lesser demand is suggested by a jump in the number of new validators entering the market and the ETH staking queue not surpassing the departure queue.
Since April 9, when it hit its lowest point of the year at $1,385, Ethereum has risen more than 160% in the last four months. But last week, the 26% bullish run broke above $3,700, giving Ethereum validators a warning to sell.
BNB Price Forecast: BNB surpasses Solana’s market capitalization and reaches a new all-time high
After hitting its highest-ever weekly close last week, BNB (BNB), formerly known as Binance Coin, reaches a new all-time high of $804.70 as of this writing on Wednesday. Due to this price increase, the market capitalization of BNB surpassed that of popular altcoins like Solana (SOL) and surpassed $110 billion. The bullish view is supported by derivatives statistics, which show a huge jump in the funding rate and BNB Open Interest (OI). The technical outlook also points to a continuation of the rally, with bulls aiming for the psychological level of $900.
The top three price predictions are Bitcoin, Ethereum, and Ripple. While ETH is aiming for the $4,000 barrier, BTC and XRP are close to record highs.
After hitting a new all-time high of $123,218 on July 14, the price of Bitcoin has been trading largely flat between $116,000 and $120,000. It is currently trading at $120,000, close to its top consolidation band, as of this writing on Wednesday. Bitcoin may continue to rise toward a new all-time high of $123,218 if it closes above the top limit of the consolidation range at $120,000 every day.
Disclaimer and Risk Warning
CoinWack does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. The image used in this article is for informational purposes only and is provided to us by a third party. CoinWack should not be held responsible for image copyright issues. Contact us if you have any issues or concerns. Readers should do their research before taking any actions related to the company.