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Cryptocurrency prices remained in a good vary on Wednesday because the latest consolidation section continued. Ethereum, the second-biggest cryptocurrency on the planet, pulled again from over $3,000 to $2,900. 

Bitcoin was additionally hovering close to its highest level in additional than two years whereas Memeinator continued its highly-successful token sale. This article appears at what to anticipate amongst cryptocurrencies like Ethereum (ETH), Altlayer (ALT), and Memeinator (MMTR).

Memeinator prediction

Memeinator has grow to be one of many fastest-growing cryptocurrencies prior to now few months. According to its web site, which you’ll be able to view here, the token sale has now raised over $4.87 million prior to now few months. It is now in stage 15 of the token sale, which will likely be accomplished when it efficiently raises $4.94 million.

Memeinator is an upcoming cryptocurrency that goals to reap the benefits of the fastest-growing industries within the crypto and know-how industries. First, at its core, and because the title suggests, it’s a meme coin that seeks to dethrone different in style tokens like Dogelon Mars, Floki Inu, and Dogecoin.

Memeinator has a room to reach this business as now we have seen with different latest meme tokens like Minu, Elon Mars X, and EGO. Last 12 months, we noticed the outstanding success of meme cash like Pepe and Bonk.

Second, it’s within the AI business that’s rising very quick. Recently, AI corporations like Super Micro Computer and Nvidia have grow to be a number of the best-performing belongings within the monetary market. Most of them have greater than doubled. Similarly, AI crypto tokens like Fetch.ai and SingularityNET have additionally jumped.

Finally, it’s within the gaming business. The builders purpose to develop a recreation that can assist to develop utility for the token. Therefore, whereas it’s laborious to foretell, there’s a chance that the token will do properly after going public.

Ethereum price forecast

Ethereum price staged a robust bullish breakout this week because it jumped to its highest level since 2021. It crossed the vital resistance level at $3,000, the place it struggled to maneuver above a number of occasions this 12 months. Most notably, the coin flipped the important thing resistance at $2,715 right into a help degree. This was a notable degree because it was the best swing this 12 months.

Ethereum stays sharply greater than the 50-day transferring common, which means that bulls are nonetheless in management. However, it has fashioned a bearish engulfing sample, which is a sign that it’ll pull again some extra quickly. If this occurs, it should possible retest the help at $2,715 after which resume the bullish pattern. This formation is named a break and retest sample.

Altlayer price prediction

Altlayer, a brand new blockchain community that seeks to speed up the scaling of Web3 tasks has been one of many high cryptocurrencies within the business. ALT token surged to a excessive of $0.5200, a lot greater than the February 4th low of $0.2945. It has additionally moved above the 25-period and 50-period transferring averages. 

Altlayer additionally sits above the important thing help degree at $0.4625, its highest swing on January twenty fourth. Therefore, the outlook for the ALT price is reasonably bullish, with the following level to observe being at $0.60.