Future

The latest price analysis by Coinidol.com report, Ethereum (ETH), which experienced a price decline on August 17, has risen above the support level of $1,600.

The Ethereum price (ETH) has oscillated between moving average lines, although it remains above the $1,800 support level. Cryptocurrency price analysis on Coinidol.com

Cardano's (ADA) price falls below the moving average lines.

Dogecoin (DOGE) price is falling below the moving average lines.

The Bahamas Securities Commission has decided to introduce stricter rules for crypto businesses and tighten oversight of citizens' digital assets.

Binance Coin (BNB) is losing value as it was not able to overcome the $340 resistance level.

The year 2022 was a disaster for cryptocurrency investors. Bitcoin is currently trading more than 72% below its all-time high of over $65,000 reached last November.

A well-known venture capitalist and cryptocurrency enthusiast Tim Draper believes Bitcoin will reach $250,000 as early as early 2023.

While during the last week Polkadot, XRP and Dogecoin gained and other major cryptocurrencies slipped, it’s also important to take into account what greatly influences the fluctuations of your coins of interest in general and in greater terms than mere weekly updates, understanding why you need to pay attention to everything related to your coins of choice, thus becoming able to foresee the future of certain cryptocurrencies, managing your investments wisely and always with a step ahead of anything that could surprise you.