The BNB token, native to the BNB Chain, has reached its lowest price in the past year as it faces a decline following the SEC case against Binance, the central entity responsible for BNB's development. Binance has suspended EUR withdrawals and deposits, causing users to resort to alternative options such as card deposits or the P2P platform.
Cryptocurrency influencer "Bitboy Crypto" has recommended XRP, Dogecoin, Binance Coin, and Cardano as altcoins that have the potential to make investors millionaires in the next five years.
Bitcoin and other cryptocurrencies are facing intense pressure as prices drop and short-term holders offload their assets, signaling a possible capitulation phase and suggesting further downside potential. Additionally, major altcoins like Ethereum, Solana, and Cardano have witnessed a decline in their Total Value Locked (TVL) over the past week, indicating a decrease in popularity and utilization in the decentralized finance (DeFi) ecosystem.
Bitcoin and Ether rose over 3% to reach their highest prices in a week, while Solana, NEAR, Cardano, Polkadot, and Binance's altcoins also experienced gains, following a surge in traditional markets; however, experts predict that the downtrend in digital assets may continue for the next few weeks.
Bitcoin and altcoins are currently in a ranging market, with uncertainty about the next directional move, making it advisable to wait for a breakout before placing large bets.
Solana (SOL) and Cardano (ADA) led the gains in the crypto market as Bitcoin (BTC) gradually recovered, with large holders returning to the market aiding the recovery.
Crypto analyst Benjamin Cowen warns that Solana (SOL) could experience a significant decline similar to Cardano (ADA) in the last cycle, potentially falling over 50% to $10, while also predicting a possible double bottom pattern for Bitcoin (BTC) and suggesting Litecoin (LTC) will underperform Bitcoin.
Binance Coin (BNB) is at risk of losing key support, Bitcoin (BTC) may experience a market correction, and THORChain (RUNE) is expected to dip to lower levels before bouncing back, according to a popular crypto trader.
Summary: Bitcoin and several altcoins, including XRP, Litecoin, and Shiba Inu, are experiencing a decline in prices, leading to concern among investors, while AI-based tokens like InQubeta and Borroe offer potential investment opportunities in the crypto market.
Altcoin Pepe has seen a significant drop against Bitcoin, leading crypto strategist Credible Crypto to warn of potential similar price declines for other altcoins, while also predicting a rise in Bitcoin's dominance in the market.
Altcoins in the top 100 are struggling to recover, but three undervalued cryptocurrencies (AUCTION, LINA, and SRM) offer traders a buying opportunity, according to on-chain analysts at Santiment.
Following Bitcoin's recent price fluctuations and failure to meet short-term bullish expectations, the altcoin market is expected to have a substantial recovery rally in the coming week, with Ethereum, Litecoin, and Shiba Inu potentially leading the way.
The cryptocurrency market has experienced a recent decline in prices, particularly for Bitcoin, Ethereum, and Dogecoin, leading to concerns among traders and investors. Despite this, there is optimism surrounding the performance of the top 5 altcoins (DOGE, SHIB, SFP, OCEAN, FET) in the coming weeks, with AI-driven projects generating hype and potential gains.
Bitcoin's velocity has decreased to a 3-year low, potentially suggesting that whales are holding onto their positions rather than transferring ownership to new investors. Meanwhile, select altcoins like Toncoin, Monero, Mantle, and Quant are showing signs of strength and could present short-term trading opportunities depending on Bitcoin's next move.
Cardano (ADA) may enter a "depression" phase, with its price potentially dipping significantly and reaching lower price levels, according to crypto analyst Benjamin Cowen.
Bitcoin (BTC) dropped below $26,000 as bearish sentiment and lack of new catalysts weighed on the market, with major tokens like XRP, ADA, and SOL also experiencing a downtrend, while traditional markets saw gains.
Bitcoin could experience a major market correction in September, potentially dropping by more than 16% based on historical performance and predictions by crypto analyst Benjamin Cowen.
Solana (SOL) has the potential for significant gains in the next bull market, as it competes against other projects in the crypto space, while Binance Coin (BNB) faces uncertainty due to regulatory developments in the United States.
Crypto analyst Nicholas Merten warns that the altcoin market could lose $60 billion, with Ethereum failing to break above $2,000, indicating a bearish pattern, and he plans to short Bitcoin as well.
Some altcoins like OKB, Ocean Protocol (OCEAN), Bitcoin Cash (BCH), and Toncoin (TON) show potential for bullish trends in September, with OKB potentially hitting a new all-time high at $72.10. However, a breakdown in the support areas could result in bearish trends for these cryptocurrencies.
Cardano's native token, ADA, is currently trading 91.7% below its all-time high, but experienced traders are using this market downturn to invest in ADA for long-term returns during the next bull run, with calculations suggesting that purchasing 323,625.20 ADA at the current price of $0.256658 could potentially yield $1 million if the price reaches $3.09.
Altcoins could potentially rally ahead of the Bitcoin halving, according to cryptocurrency analyst Michaël van de Poppe, who believes that the Bitcoin dominance chart suggests a surge in altcoin value rather than a downward market. Van de Poppe is also bullish on Ethereum against Bitcoin, predicting a rise in ETH/BTC to 0.06992 BTC.
Bitcoin (BTC) has remained stagnant below $26,000, with investors waiting for further developments in the cryptocurrency market and the wider economy, while Ether (ETH) is expected to outperform BTC in September and October due to the potential approval of the first ether ETF in mid-October. Additionally, SOMA Finance plans to sell tokens that represent a financial interest, addressing the criticism that crypto tokens lack equity or debt claims. Binance continues to dominate the crypto market as the leading exchange.
A crypto analyst warns that Pepe could decline by more than 50%, Bitcoin Cash (BCH) is likely to keep declining, and Bitcoin will experience volatility before a bull cycle in 2024-2025.
The top crypto exchanges in the world are dominating the market, with the eight largest platforms accounting for over 91% of market depth and 89% of trading volume, according to crypto insights firm Kaiko. Binance remains the leading exchange, with a market share of 64.3% in 2023, but liquidity is concentrated within a few exchanges, leading to concerns about decentralization. Altcoin liquidity has also suffered due to regulatory issues in the US, with Coinbase, Kraken, and Bitstamp holding the majority of altcoin liquidity.
Bitcoin, ethereum, BNB, and XRP have experienced a strong price rally in 2023, but a small cryptocurrency has surpassed them, while the Federal Reserve's interest rate decisions could impact the bitcoin price.
Altcoin Sherpa warns against investing in Binance Coin (BNB) in the short term, remains bullish on Bitcoin (BTC), and expects a potential altcoin run once Ethereum (ETH) drops further against Bitcoin.
The price of Cardano (ADA) has shown a bullish pattern against the dollar, with a potential 25% increase, but remains bearish against Bitcoin (BTC) with an expected 23% drop.
Many altcoins are likely to experience a collapse without a recovery this year, leading to an "altcoin reckoning," according to crypto analyst Benjamin Cowen, who predicts a potential depression phase for the altcoin market before a renaissance once the Federal Reserve changes its monetary policies.
Investors are showing more confidence in XRP and Solana, as altcoins see inflows while Bitcoin and Ether experience outflows, according to a CoinShares crypto market flow report.
Crypto analytics firm Santiment reports that the prices of eight altcoins are poised to rise, as the supplies of their native tokens on exchanges decrease and transactions by whales increase, while Bitcoin's social dominance has fallen to a three-month low.
Bitcoin (BTC) may test its bull market support and potentially have a final leg to the downside, as predicted by crypto analyst Rekt Capital, who also suggests that this could be the last chance to buy BTC at low prices before it potentially peaks in 2025.
Crypto strategist Altcoin Sherpa warns that Worldcoin (WLD) is likely to decline by at least 34% and could ultimately drop to less than $1, while also keeping a close eye on Solana (SOL).
Binance's 2017 initial coin offering (ICO) was less successful than claimed, as an investigation reveals that only around 10.78 million BNB tokens were distributed to investors, raising less than $5 million instead of the $15 million that was stated.
Bitcoin SV and Bitcoin Cash, along with several other altcoins, have experienced a significant drop in prices, but institutional investors continue to show bullishness in the crypto sector with positive inflows.
Bitcoin's price may experience a significant drop to $19,000 before entering a full bull market next year, according to a trader who accurately predicted the cryptocurrency's 2018 bear market bottom; the trader also suggests that the smart contract platform Avalanche's altcoin bounce is over after failing to break resistance at $11.
Bitcoin price stabilizes after a brief dip, while altcoins face selling pressure and potential short opportunities.
Crypto strategist Benjamin Cowen predicts that Bitcoin could fall by at least 8%, which could have a negative impact on altcoins and potentially lead to a significant decline in the altcoin market.
Liquidity is dwindling in the altcoin market as risk appetite decreases, according to crypto analytics firm Glassnode, which also highlights low liquidity in the Bitcoin market.
Crypto analyst Jason Pizzino warns that a further decline in Bitcoin could lead to a significant correction for altcoins, prompting investors to transfer their investments to BTC and minimizing its downtrend.
There are indications that Cardano (ADA) could see a breakout in December, potentially surpassing $0.50, according to a popular crypto analyst, Ali Martinez. The analyst also discusses the price levels that Bitcoin (BTC) and Ethereum (ETH) need to reach to initiate bullish trends.
Crypto trading platform Binance.US will announce select altcoin assets for listing based on factors such as market demand, trading volume, liquidity, regulatory standing, and community engagement, as it updates its listing process.
Most altcoins are currently experiencing severe declines and may never reach their all-time highs again, according to crypto analyst Benjamin Cowen, who also warns that if Bitcoin were to decline, it would have a significant negative impact on altcoins as well.
Binance experienced a decline in liquidity and a crash in its ask depth after a false report of BlackRock's spot ETF approval, causing traders to face difficulties in buying and selling bitcoin compared to Kraken and Coinbase.
Crypto trader Altcoin Sherpa predicts that the crypto gambling platform Rollbit (RLB) will perform well in the short term, and believes that Bitcoin (BTC) could either rise to $40,000 or drop to the low $20,000 range in the coming weeks.
A market intelligence platform predicts that certain altcoins, including Polygon, Decentraland, Fantom, and Pepe, will continue to see price increases and network growth as traders shift their focus to Bitcoin and Ethereum, signaling the potential for a bull market.
Crypto analyst Justin Bennett warns that Bitcoin could experience a 54% correction based on historical correlations with the stock market, with a potential collapse triggered by a steep correction in the S&P 500 index.
