Cryptocurrencies Price Prediction: Bitcoin, Ethereum and Ripple – European Wrap 1 October
Bitcoin price suffered two fatal corrections on September 7 and September 20. However, the buyers stepped in, giving bears a run for their money, leading to consolidation. The buyers appear to have taken control of the ship and likely aim to break out from a bullish pattern.
Visa revealed the concept of Universal Payment Channel through a layer-2 network powered by Ethereum. As “The Merge” draws closer, Ethereum reserves across exchanges are dropping. A brewing supply shock is likely to trigger a bull run, pushing the altcoin closer to “Triple Halving.”
Ripple is making strides in the court proceedings of the Securities Exchange Commission (SEC) v. Ripple case. Proponents expect the outcome of the proceedings to favor Ripple, thus predicting a breakout in XRP price.