Start Of The Week Analysis: Ethereum, Solana & Shiba Inu Prediction Through The Week

The crypto world is going through major upheavals due to several complimenting macroeconomic happenings. As a result, pricing updates are crucial. They allow investors to understand how a token is performing and what their next move should be. Unfortunately, cryptos prices have suffered significantly as the clouds of a trade war have gripped the community far and wide. Here is a concise look at three well-known currencies: ETH, SOL, and SHIB  to start your week informatively. 

ETH: Outperforms Competitions 

As of Monday, ETH prices have gone up by 1%. This slight bullish rise is still better than stagnation or a bearish slump. The slight movement in price has stretched the weekly gains to 3%. All of this is happening while other major blockchains, like BTC, BNB, etc,., are experiencing losses or stagnation. This rise in the ROI of ETH could be due to the rising demand for stablecoins. The interest of institutional investors could also be another reason for this slight rise.  

SOL: Price Tanks 

SOL took some heavy beating in the current storm. SOL prices tumbled by 9% and are currently hovering at $180. This slump took place in three consecutive days. Analysts at FXStreets believe this downtrend will sustain itself for a while and might continue well into the final week of February. If the downtrend continues, there can be a significant SOL liquidation, and ther can be a crash. 

SHIB: Whaling Demand Declines By 88% 

SHIB has been stagnant for the last two weeks. SHIB opened Monday at $0.000016. The token has been moving around a 5% bracket for the last two weeks with no signs of major pricing movements. As a result, whaling demand for the token has reduced by 88%. Sources suggest this stagnation can make the coin lose its fear/greed ratio and become a non-performing digital asset in the long run.