Bitcoin and Ethereum Prices Soar 10%, How High Could They Go?

Arslan Butt
Last updated: | 4 min read

On January 22, the leading cryptocurrencies such as Bitcoin and Ethereum are on a rise, having surged nearly 10% in the last seven days. Bitcoin is holding over $23,000 and Ethereum is up to trade above $1,650. 

Bitcoin experienced a significant upswing and some possible contributors to this phenomenon include whale activity, public buying, and cryptocurrency’s potential for disrupting financial services. 

The crypto market’s stability has returned after a long period of volatility and many people are now positive about the coin’s future.

Santiment reported that, of the $1 billion+ accumulation that occurred over the past 15 days, a majority was from 1-1000 BTC transactions. In addition, coins held by whales with 1000 – 10,000 BTC holdings accounted for 83% of the accumulation.

Top Altcoin Gainers and Losers

Aptos (APT), Optimism (OP), and ApeCoin (APE) were the top performers in the last 24 hours. APT’s price has increased by more than 38% to $12.67, while OP’s price is up by nearly 20% to $2.30. At the same time, APE has gained just under 15% to trade at $5.79.

Top Altcoin Gainers and Losers – Source: Coin360 

Nexo (NEXO) has dropped around 0.25% to $0.8299 in the last 24 hours. Pax Dollar (USDP) is down over 0.28% to around $1, and Frax Share (FXS) is down about 1.75% to $10.50; however, FXS has gained over $59% in the last seven days.

Bitcoin Price 

Bitcoin is currently worth $23,178, with a daily trading volume of $35 billion. Bitcoin’s market cap has climbed by 5% in the last 24 hours to $446 billion.

On the daily timeframe, Bitcoin has produced a bullish engulfing candle, indicating the possibility of an uptrend continuation. If Bitcoin breaks above the $22,750 barrier, it may aim for $24,000 or $24,550.

Bitcoin Price Chart – Source: Tradingview

On the downside, Bitcoin’s immediate support is at $22,500, and a further decline below this level might expose it to $21,550.

Ethereum Price 

In the last 24 hours, the price of Ethereum was $1,631, with a trading volume of $8 billion. The ETH/USD pair encountered substantial resistance near $1,680 on January 21, and fell to gain support at the $1,610 level. 

On the 4-hour timeframe, the ETH/USD pair has formed an upward channel, which is signaling chances of a bullish trend continuation in ETH. 

Ethereum Price Chart – Source: Tradingview

On the upside, increased demand can slice through Ethereum’s resistance at the $1,680 level and lead its price toward $1,750. On the lower side, a bearish breakout of $1,600 can extend the selling trend until the $1,560 mark.

3 Coins To Look Out For During Presale

The cryptocurrency market continues to grow with each new day. Presale coins often offer investors an opportunity to get in on the ground floor of a new project and reap the benefits of that project’s success while also potential risks. 

With this in mind, here are three coins worth keeping an eye out for during the presale.

Fight Out (FGHT)

Fight Out is an easy and low-cost way to stay active. You can receive experienced personal training services at a low cost by purchasing FightOut tokens. This means that even those on a restricted budget can benefit from exercise. 

Despite Move2Earn’s extensive feature set, their ability to assess physical and mental fitness, as well as their NFT Avatar and social competition component, set them apart from other M2E programs.

Fight Out’s real-time performance tracking allows users to measure and track their progress in strength, cardiovascular endurance, and other areas. 

Investors prefer the $FGHT cryptocurrency from Fight Out because it has a strong idea and large presale incentives ranging from 50% to 100%, depending on the amount invested. More than $3 million has already been raised.

Visit FightOut Now

C+Charge (CCHG) 

C+Charge is developing a ground-breaking online payment system for electric vehicle (EV) owners. Users will be able to exchange their initial charge for credits that can be used to purchase carbon credits. The ultimate goal is to drastically reduce greenhouse gas emissions produced by car travel. 

Given the potential of this technology is truly game-changing, it has the ability to fundamentally transform the carbon credit market. This enables a broader range of enterprises to participate while also bringing value to them. 

VCMs are anticipated to be valued at $100 billion by 2030, making them an appealing investment opportunity for businesses. C+Charge’s presale raised almost $353,420, proving that VCMs are in high demand.

Visit C+Charge Now

Meta Masters Guild (MEMAG)

The Meta Masters Guild has gone from $200,000 to a whopping $550,000 in just a few days. This huge increase suggests that the public has a high level of confidence in the company’s future ability to prosper and make profits.

In the third quarter of 2023, Meta Masters Guild will release its first mobile game. The MEMAG network has been in operation for some time, and it enables users to create and manage their own coins, as well as trade on the open market. They are also developing games in which users can win prizes for participating, as well as games powered by Web3, an Ethereum-compatible technology. 

Investing in MEMAG currently starts with purchasing $10 worth of MEMAG tokens. If you participate in the presale, you will receive one token for one cent; early investors will have a limited window of opportunity to participate.

Visit Meta Masters Guild Now

Find The Best Price to Buy/Sell Cryptocurrency

Cryptocurrency Price Tracker – Source: Cryptonews