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  • Shiba Inu (SHIB) and Aptos (APT) price outlook

    Shiba Inu (SHIB) and Aptos (APT) price outlook

    • Bitcoin’s dip below $30,000 and subsequent retest of resistance above$29k highlights the past week’s top coins outlook.
    • Shiba Inu (SHIB) price is below its 50 and 200 MA but analysts are bullish on SHIB given overall sentiment and network growth.
    • Aptos (APT) price has formed a massive bull flag pattern that could see APT explode to new highs in 2023.

    The cryptocurrency market continues to see significant volatility as prices of various tokens fluctuate near key levels. Bitcoin (BTC) price fell to around $27,200 this past week and saw the global cryptocurrency market cap drop from above $1.34 trillion to $1.25 trillion amid broader sell-off pressure.

    BTC price is however back above $29,000 and has retested resistance near the psychological $30k level this weekend.

    At the same time, several altcoins that have recently seen dramatic declines look positioned for fresh moves, with cryptocurrency bulls buoyed by fresh turmoil in the banking sector with troubles for US bank First Republic.

    Here’s the price prediction for Shiba Inu (SHIB) and Aptos (APT).

    Shiba Inu (SHIB) price prediction

    Shiba Inu price is down nearly 10% in the past two weeks, having traded lower from highs above $0.000011 recently.

    SHIB currently trades below its 50 MA and 200 MA, while the daily RSI is below 40 to suggest bears might have a slight advantage.  

    Shiba Inu (SHIB) daily price chart. Source: TradingView


    But the 16th ranked cryptocurrency, which remains one of the top memecoins with a market of $6.1 billion, has a growing community buoyed by the success of the testnet for layer 2 protocol Shibarium. 

    On-chain data shows the protocol has enabled over 194,000 transactions and seen over 100,000 wallet interactions.

    If an upside flip in the price amid new buy Shiba Inu pressure, the main short term target will be the $0.000035 level. The 2021 all-time high provides another key level and a move to $0.01 could be the Holy Grail of the upcoming bull cycle.

    Aptos (APT) price prediction

    Aptos (APT) is a new layer 1 blockchain network that’s benefitted from massive investment by venture capitals. The Aptos mainnet went live recently and the demand for the native APT token saw the price rally to the YTD peak of $19.92 in January.

    Aptos (APT) price daily chart. Source: TradingView


    Currently trading around $10 has the APT/USD pair roughly 46% off the January highs. However, analysts remain bullish on the Aptos price.

    Crypto analyst Captain Faibik recently highlighted Aptos bullish flag pattern. If a breakout follows, a move to $20 in the short term could be one of the main targets. 

    Meanwhile, this Aptos price prediction for the medium term sees a potential burst to a new all-time high.

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  • here’s why LTC could explode

    here’s why LTC could explode

    • Litecoin price traded above $90 on Sunday, with LTC hitting intraday highs of $91.60.
    • While price has rejected twice above $100, the area remains a key target for bulls as Bitcoin retests the $30k level.
    • If it breaks above the hurdle, fresh momentum heading into the Litecoin halving in August could catapult LTC price towards its all-time peak.

    Litecoin (LTC) is trading around the $90 level after bulls battled to regain some control following the sharp sell-off to lows of $84 this past week. The weakness in the price of LTC came after another dip in March that saw the price rejected at year-to-date highs of $106 in February.

    The decline occurred at a key horizontal resistance area at the $100 zone, which remains the main hurdle as Litecoin enters the last few months before its halving in August.

    Litecoin price: are bulls taking control?

    The LTC price rejection in the past weeks at $100 meant a double top pattern appeared, which signals bearish strength and highlights the potential for downward continuation. As it happened, LTC price broke below an ascending trendline support after hitting $103 on 18 April and a significant drop a few days later had LTC/USD hugging lows of $84.

    But despite the previous gains being wiped out by the decline, LTC is currently trying to maintain the $90 area after a critical daily close above it.  Bulls will need to confirm they are getting in control by pushing higher even as a potential rising channel appears on the daily chart.

    A look at the Relative Strength Index (RSI) shows the momentum indicator is just below the 50 line. However, the indicator is looking to cross above the signal line to suggest further possible accumulation of the altcoin.

    Litecoin price LTC/USD daily chart outlook. Source: TradingView


    Litecoin price prediction ahead of halving

    With approximately 100 days left before halving, the Litecoin price prediction for 2023 is bullish. The network has continued to see greater miner confidence, with the total hashrate for the blockchain recently hitting 760 terahashes per second(TH/s).

    If the expected halving rally kicks in amid a broader market uptick, the two main targets above $100 will lie around $180 and then $300. The all-time high for LTC is around $410 reached in May 2021.

    On the flipside, a bearish reversal could see the long term resistance-turned support area of $65 come into play. Below that, the main buffer for Litecoin price remains the multi-year base around $40.

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  • CFTC wins a record $3.4B penalty payment in a Bitcoin-related fraud case

    CFTC wins a record $3.4B penalty payment in a Bitcoin-related fraud case

    • This is the largest fraud case involving Bitcoin that CFTC has cracked so far.
    • The case involved the CEO of Mirror Trading International Proprietary Limited (MTI).
    • Half of the $3.4B will go toward providing restitution to victims of MTI’s fraudulent activities.

    A Texas court has ordered Johannes Steynberg, the CEO of Mirror Trading International Proprietary Limited (MTI) to pay a $3.4 billion penalty in connection with a large-scale fraud case involving Bitcoin.

    According to the CFTC allegations, Steynberg engaged in an international fraudulent multilevel marketing scheme (MLM) to ask for bitcoins from the public for an unregistered commodity pool operated by the South Africa-based company MTI.

    Steynberg who was controlling MTI and the company falsely claimed to trade off-exchange retail forex through a proprietary “bot” or software program between May 2018 and approximately March 2021.

    The final judgment read:

    “Either directly or indirectly, the defendants misappropriated all of the Bitcoin they accepted from pool participants.”

    According to the CFTC Steynberg, individually and as the principal and agent of MTI, accepted at least 29,421 bitcoins, valued at over $1.7 billion at the time. The bitcoin was obtained from at least 23,000 individuals in the US and other countries around the world. The individuals were tricked to participate in the commodity pool although MTI was not registered as a commodity pool operator (CPO), as required by the law.

    Steynberg arrest

    Steynberg was arrested in December 2021 and has been held in Brazil on an Interpol arrest warrant since then.

    Besides the recent charges against him by the CFTC, Steynberg is also permanently banned from registering with the CFTC or trading in any CFTC-regulated markets.

    Restituting MTI’s victims

    Half of the $3.4 billion penalty will go towards providing restitution to the victims of MTI’s fraudulent activities. The other half is a civil penalty, which is the highest civil penalty to be ordered in any CFTC case.

    The CFTC has however conceded that “orders requiring payment of funds to victims may not result in the recovery of any money lost because wrongdoers may not have sufficient funds or assets.”

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  • Kaspa price gives up gains as top exchange delays KAS listing

    Kaspa price gives up gains as top exchange delays KAS listing

    • Kaspa price rose to highs above $0.031 before giving up gains to sit around $0.030.
    • The upside momentum for the altcoin was derailed as major exchange Uphold announced it was delaying the listing of KAS.
    • Uphold says the delay is due to a technical issue that will soon be sorted out.

    Kaspa (KAS) was among the biggest gainers earlier today as cryptocurrencies looked to bounce following Bitcoin’s sharp decline overnight Wednesday.

    In the past 24 hours, as BTC looked to reclaim $29,000, the price of Kaspa rose more than 10% to break above $0.031. The upside saw KAS bulls begin to eye the token’s all-time high near $0.043 reached on 2 April 2023.

    That attempt to put bears in their place is on hold though as one of the major catalysts for the altcoin going up was the impending listing on a major US crypto exchange

    Uphold delays listing of Kaspa (KAS)

    On Thursday, Uphold, which was set to be the first centralised crypto exchange in the US to list KAS, announced it would be delaying the listing. The multi-asset digital asset platform said the “difficult decision” had been taken due to technical issues.

    But despite the delay, Dr. Martin Hiesboeck, the Head of Research at Uphold, has assured KAS holders that the issue was “minor” and will soon be solved. He tweeted:

    “As we’re expecting *high demand*, we’ve taken the difficult decision to delay this listing due to some technical issues – to ensure you get a smooth and fair trading experience and best execution. Won’t be long, it’s a minor thing we’ll sort out soon.”

    He offered to explain everything on the Twitter Space.

    After seeing a double digit uptick in price, with weekly gains rising to over 30%, Kaspa price is just in the green in the past day (at the time of writing) and about 28% higher over the week.

    Currently, KAS can be traded on multiple exchanges, including MEXC Global, Gate.io and BingX. The token’s recent momentum has come amid a flurry of listings, including on LBank and Bitget.

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  • Bitcoin supply is dwindling, yet volatility will be the biggest benefactor

    Bitcoin supply is dwindling, yet volatility will be the biggest benefactor

    Key Takeaways

    • Long-term holders are accumulating Bitcoin, with two-thirds of the supply stagnant for over a year
    • Our Head of Research, Dan Ashmore, writes that liquidity on the demand side is also drying up, with order books thin and stablecoins fleeing exchanges
    • This will kick up volatility in the short-term, leaving Bitcoin open to aggressive moves to both the upside and downside
    • Long-term the impact of a dwindling supply is a different discussion, but for now, risk is elevated in the already-risky crypto markets

    A lot is made of the demand for Bitcoin. Are institutions giving up on it following a disastrous 2022 that saw the entire crypto sector go up in flames? Is the market moving back in now that interest rate forecasts have softened following the relentless rate hikes over the past year?

    But rather than the demand, it is the supply of Bitcoin that is often the more intriguing to look at. Famously sporting a fixed cap of 21 million coins, Bitcoin’s supply schedule is coded into the underlying blockchain. This quality has given rise to a million different theories around the future place – and price – of Bitcoin in the world. 

    But there is another interesting analytical angle to Bitcoin: before the anonymous Satoshi Nakamoto launched Bitcoin in 2009, the world never had an asset that provided so much visibility over the supply distribution. The nature of the blockchain is that, while the individual holders are anonymous, the distribution of all coins is available for the world to see at all times. So, let’s have a look. 

    Long-term holders are accumulating Bitcoin

    Central to many Bitcoin bulls’ long-term thesis is the idea that long-term holders will suck up supply, leading to an inexorable price rise. 

    Looking at current holdings, two-thirds of the supply has not moved in a year. That is certainly a large number, and we will get into what that means in the next paragraph. Pushing the timeline further out, over half the supply (53.6%) has been stagnant for over two years, 39.7% has not moved in 3+ years, and 28.6% has been idle for 5 years or longer. 

    What does this mean for price?

    These are large numbers by any stretch. It is impossible to compare them to other asset classes, given that none are trackable on a ledger like the blockchain. Perhaps only commodities such as precious metals can compete with the above numbers, yet that is only speculation. 

    But what does it mean? Is this a bullish sign? Well, yes and no. The immediate conclusion is that less supply means less demand is needed to push the price up, and the cap at 21 million Bitcoins certainly means if that demand keeps rising, the price has nowhere to go but up. 

    However, there are mitigating factors here. The first is the reality that some of the above “long-term holders” are in fact just lost coins, be it through people who have passed away, forgotten about their coins or lost access to their wallets. 

    Bitcoin creator Satoshi Nakamoto is one of those, the mysterious enigma holding approximately 1.1 million bitcoins, equivalent to a mammoth 5.2% of the supply. None of his/her/their coins have moved since they were mined back in the first eighteen months of Bitcoin’s existence. 

    Not to get too tangential, but below is the value of Nakamoto’s holdings over the last 13 years, assuming a stash of 1.1 million Bitcoin from mid-2010. That is a lot of capital that holders must surely hope never floods the market. 

    Volatility to rise with less liquidity 

    Regarding the impact of these large stashes of Bitcoin which are “removed” from circulation, the greatest impact – for now, at least – may be on the volatility rather than price. 

    In the following chart, I have plotted the amount of Bitcoin sitting on exchanges, currently at a 5-year low. 

    Not only is the amount of Bitcoin on exchanges dwindling, but stablecoins are doing the same. Over half of the balance of stablecoins have flooded out of exchanges since December. 

     

    This means liquidity on both the demand and supply side of Bitcoin is thin – and the same conclusion will be reached if an order book is downloaded from an exchange. Liquidity has dried up hugely, especially since FTX went under in November.

    This lack of liquidity only serves to jack up the already sky-high volatility in the Bitcoin market, exacerbating moves to both the upside and the downside. This is part of the reason why volatility recently spiked to its highest level since mid-2022, and also a factor in Bitcoin’s massive run-up this year. 

    By definition, it takes less to move a thin market, and with forecasts around the future path of monetary policy shifting to a more optimistic stance in recent months, Bitcoin has moved up with minimal resistance in its path. 

    While the supply-side dry-up is intriguing in the long-term, looking into that with regard to Bitcoin’s future performance is a different discussion entirely.  In the short-term, capital has fled crypto markets at an unprecedented pace, and we are now in a spot where the market is primed for violent moves in either direction. Like always in crypto, the short-term is difficult to predict, however, and the risk remains extreme – perhaps even more so currently than normal.

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  • legendary investor Peter Lynch takes a side

    legendary investor Peter Lynch takes a side

    peter lynch picks stocks over crypto
    • Peter Lynch reveals that he does not own any cryptocurrency.
    • He’s sticking to his ‘buy what you know’ investment strategy.
    • Lynch regrets not investing in Apple and Nvidia in recent years.

    Bitcoin has massively outperformed equities since the start of this year but legendary investor Peter Lynch continues to prefer the latter.

    Lynch does not own any cryptocurrency

    On Tuesday, the Vice Chairman of Fidelity Management & Research confirmed that he’s not exposed to cryptocurrencies.

    Interestingly, Lynch is familiar with the technology that powers the crypto space. Still, he said today on CNBC’s “Squawk Box”:

    I do understand blockchain. I know how it works. But what bitcoin is going to be, I have no idea. I don’t own any bitcoin or ether coin.

    Lynch is keeping away from BTC even though he knows the total supply of it will be cut in half next year – an event that usually translates to higher price.

    Lynch is sticking to ‘buy what you know’

    Bitcoin has now slipped back to the $27,000 level but is still keeping above a key support suggesting the bullish sentiment is still there.

    But for years, Fidelity’s Peter Lynch has recommended that investors “buy what they know” – and to him, that means stocks. Explaining how to pick stocks and when to pull out of them, he said:

    Look at the company, the balance sheet. What’s the reason stock should be higher? When companies go from crappy to semi-crappy to good, stock goes up. When business gets terrific, get out.

    Lynch expressed regret today for not investing in a number of large-cap tech companies in recent years, particularly Apple Inc and Nvidia Corporation.

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  • DigiToads, Lido DAO, and Toncoin

    DigiToads, Lido DAO, and Toncoin

    • DigiToads (TOADS) offers an innovative approach to the NFT space and a promising investment opportunity.
    • LDO is the native token of popular liquid staking platform Lido DAO.
    • Meanwhile, Toncoin’s TON has the potential to benefit from the massive Telegram community and the social media giant’s involvement in The Open Network blockchain. 

    From decentralised finance (DeFi) to non-fungible tokens (NFTs), the crypto space is evolving rapidly.

    As the markets evolve and cryptocurrency becomes a viable investment option, more and more investors are looking at the next big opportunity. 

    While the more established coins like Bitcoin and Ethereum remain top assets for any portfolio, DigiToads (TOADS), Lido DAO (LDO), and Toncoin (TON) offer promising potential for growth and profitability. 

    Here is an outlook for the three altcoins and why they may be well-positioned to take advantage of the latest trends. 

    DigiToads sits on the top tier of the three altcoins that have the potential to soar in 2023. DigiToads is a decentralized exchange (DEX) built on the Binance Smart Chain (BSC). 

    The project aims to provide its users with a fast, low-cost, and user-friendly trading experience while offering them unique benefits, such as liquidity provision incentives and staking rewards. 

    DigiToads also features a governance token (TOAD) that allows its holders to participate in the decision-making process of the platform and earn rewards for doing so. 

    A big highlight of DigiToads is its presale. The presale of DigiToads is up and going in full swing. 86% of the total TOADS token has already been sold, and we still have time till the end date. 

    This presale offers a chance to buy into an exciting new project.

     >> Buy DigiToads Now <<

    Lido DAO

    Lido DAO is another altcoin on many investors’ watchlists. Lido DAO, founded in December 2020, is a Decentralized Autonomous Organization that facilitates Ethereum liquid staking. The platform seeks to overcome the challenges associated with traditional staking by allowing users to stake their assets without locking them up for prolonged periods. 

    The LDO project has swiftly emerged as one of the best liquid staking tokens, attracting over $13 billion in staked assets in less than a year of its launch. 

    Additionally, the platform features a referral program that rewards users with LDO tokens for introducing others to stake on the platform. Lido DAO has implemented a safelist feature for its referral program, ensuring that incentives are only distributed to Lido DAO-approved partners.

    TonCoin

    The Open Network (TON) has its cryptocurrency, Toncoin (TON), and operates as a decentralized Layer-1 blockchain network. The project was initially developed by Telegram before it fully became a community-run platform following legal action by the SEC. 

    After a slow start, Toncoin has been experiencing significant activity lately, largely due to Telegram’s recent focus on creating a decentralized blockchain ecosystem.

    As a result, Toncoin boasts one of the most extensive crypto communities, with a loyal and bullish following that believes in its potential. The community is committed to supporting the project and remains optimistic about its future success.

    In 2023, several crypto exchanges and traders are rating TonCoin highly. So, holding this coin might be a great addition to your portfolio..

    DigiToads (TOADS), Toncoin (TON) Lido DAO (LDO): Summary

    DigiToads, Lido DAO, and Toncoin are three altcoins investors might want to look at and consider holding for 2023. DigiToads’ innovative approach to the NFT space, Lido DAO’s popular liquid staking platform, and Toncoin’s potential to benefit from Telegram’s involvement in decentralized blockchain ecosystems make them promising investments.

    With these features and fundamentals, and the expected growth across the market, TOADS, LDO and TON stand out as among the top cryptocurrencies to invest in 2023. 

    If you are looking at DigiToads, you can get more information by visiting their website, join the presale or join the community for regular updates.

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  • Don’t be fooled by Bitcoin’s recent calm, volatility is coming: Opinion

    Don’t be fooled by Bitcoin’s recent calm, volatility is coming: Opinion

    Key Takeaways

    • Bitcoin has been tightly range-bound for last month, its 10% fall this week its biggest move since the banking crisis
    • Dan Ashmore, our Head of Research, warns that volatility will return before long
    • Over 50% of stablecoins have left exchanges and orderbooks are thin, he writes, meaning there is less needed to move the price
    • T-bills paying 5% have pulled capital from the space, leaving Bitcoin more open to big price moves
    • Direction will depend on interest rate policy, with economy at crucial juncture

    Bitcoin has pulled back over the last week, the orange coin dipping 10% from just north of $30,000 to $27,200. But the remarkable thing about this price move is how unremarkable it is. 

    Bitcoin has been extremely tightly bound since the banking crisis subsided over the last month, its daily moves notably gentle compared to its usual extreme volatility. This relatively benign 10% move – Bitcoin has printed a 10% candle in seconds before – amounts to the largest move since the banking crisis subsided and Bitcoin propelled upwards as interest rate forecasts softened. 

    In fact, when you plot the average of the last 30 days of price moves, this past month is now close to flat, but history shows that it has never stayed around that placid level for long. 

    We can be particularly certain that volatility will return this time around. That is because one of the key factors in heightened volatility is as prominent as ever in the Bitcoin markets: a lack of liquidity. 

    With less liquidity, there is less money needed to move prices. And right now, liquidity is as thin as it has been in quite a while. 

    Since the exit of Alameda in the aftermath of the disastrous FTX collapse, order books have been shallow. Looking at stablecoin balances on exchanges is another indicator of this. I put together a deep dive recently analysing the extraordinary outflow of stablecoins from exchanges: 45% of the total balance has fled exchanges in the last four months. The updated figure is over 50% of stablecoins gone since December. 

    In a world where interest rates have ballooned at the fastest rate in recent memory, while yields in the crypto space fall, perhaps this is not surprising. T-bills are now paying over 5%, while crypto investors have seen countless blowups in the space – Celsius, Terra and FTX – while sentiment has collapsed and fear flooded the market. 

    When there is a US government-guaranteed investment paying 5.1%, why would anyone hold a stablecoin with the risks that flooded the market over the last year?

    And so, while Bitcoin has been trotting a relatively peaceful path over the past month, the party on the charts will return before long. With thin liquidity comes heightened volatility, meaning if there is a trigger in the market, Bitcoin’s price could very likely move further than what it otherwise would. 

    In fact, looking at the volatility metrics, while it has dipped in the last two weeks, realised volatility was the highest since June 2022 earlier this month. So while the price moves have been cancelling each other out as Bitcoin oscillates within a tight window, counter-intuitively, the volatility is still high. 

    The trillion-dollar question, of course, is which direction will it go.

    I’m not smart enough to predict that with any degree of confidence in the short term, but whichever way it moves, it will depend on macro conditions. Bitcoin continues to hold the stock market’s hand, its correlation with the tech-heavy Nasdaq especially high. 

    With financial markets still so dependent on interest rates, the word of Jerome Powell and the Federal Reserve will remain key. Backing out probabilities from Fed futures, the market seems to be betting that the Fed has perhaps one more hike in it before shutting up show on this period of tight monetary policy. 

    As we saw last month with the banking crisis, this plan could change quickly. It really is a macro climate of unprecedented nature, this mix of high inflation and generationally quick rate hikes, even if coming from such a low base. 

    Risk assets will have their day again, it’s just a question of when. In the short term, it is hard to say, but whichever way the sentiment goes, don’t expect Bitcoin to remain asleep for very long. 

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  • Bitcoin price prediction for 2024: is $100,000 still on the cards?

    Bitcoin price prediction for 2024: is $100,000 still on the cards?

    • Standard Chartered analyst expects bitcoin to hit $100,000 in 2024.
    • Geoff Kendrick explained his bitcoin price prediction in a research note.
    • Bitcoin is currently down over 10% versus its high earlier this month.

    Bitcoin has lost more than 10% in recent days but that, as per a Standard Chartered analyst, may just be an opportunity to buy.

    Bitcoin could more than triple from here

    Geoff Kendrick remains convinced that the world’s largest cryptocurrency will more than triple to $100,000 in 2024.

    His bitcoin price prediction is based primarily on the recent bank failures. In a research note, the analyst said today:

    Current stress in traditional banking sector is highly conducive to BTC outperformance – and validates the original premise for Bitcoin as a decentralised, trustless, and scarce digital asset.

    The explosive rally in bitcoin following the collapse of Silicon Valley Bank on March 10th does seem to support his thesis. On top of that, the total supply of BTC is scheduled to halve next year that’s traditionally delivered a boost to its price.

    Other reasons for his bitcoin price prediction

    Kendrick expects bitcoin to significantly outperform also because the U.S. Federal Reserve now seems likely to slam the breaks on lifting rates.

    Another positive catalyst he cited are the bitcoin miners. The recent surge in BTC, the analyst noted, has served to improve their profitability thereby making them less likely to sell many coins.

    Given these advantages, we think bitcoin’s share of total digital assets market cap could move into the 50% to 60% range in the next few months (from around 45% currently).

    His $100,000 bitcoin price prediction is in line with what a Gemini executive also forecast last month.

    The post Bitcoin price prediction for 2024: is $100,000 still on the cards? appeared first on CoinJournal.

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  • RPL whales signaled local top

    RPL whales signaled local top

    The price of Rocket Pool (RPL) faces fresh downside pressure near $45, with bulls’ attempting to turn the level into a new primary support zone. As of 12.50 pm ET on Friday, the RPL token was trading around $46.60 – about 2.4% down in the past 24 hours.

    RPL is one of the altcoins that rallied hard as Ethereum activated the Shapella upgrade.

    RPL price- data shows whales sold right at the local top

    As CoinJournal highlighted on 14 April, Rocket Pool, Arbitrum and Loopring were among the altcoins to swell as Ethereum (ETH) broke out to $2,100 after the Shapella upgrade. The profit pivot to altcoins saw Rocket Pool’s RPL soar past its previous peak, amid increased buying pressure as the Atlas upgrade inched closer.

    According to on-chain data from crypto market intelligence platform Santiment, the Rocket Pool price dumped as whales took profits right at the local top.

    On 16 April 2023, RPL price rose to its all-time high of $61.87 before the momentum faded. Santiment says the cryptocurrency continues to see large whale volumes to add to the 70 that involved more than $100,000 worth of RPL.

    The 70 transactions signaled the top for Rocket Pool price and is the second largest whale dump for RPL after the 111 large transactions involving more than $100k on 8 November 2021. At the time, RPL price had hit its then ATH of $59.47, Santiment noted.

    Rocket Pool price prediction

    Although Rocket Pool’s native token is up 14% over the past month, declines over the last two days have seen RPL/USD shed more than 25% from its recently hit all-time high.

    In terms of short term Rocket Pool price prediction, further weakness in the Rocket Pool market could see the token’s price hurtle towards $38 or lower.

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