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BTC, ETH and XRP Price Prediction for June 3. BTC/USD. The rate of Bitcoin (BTC) has increased by 2.37% over the last day. On the daily chart, the price of BTC is on its way to testing the interim resistance level of $70,715. If the bar closes near it or above and with no long wick, the accumulated energy might be enough for a move to the $72,000-$73,000 zone. Bitcoin is trading at $69,212 at press time. ETH/USD. Ethereum (ETH) is following the rise of Bitcoin (BTC), going up by 1.13%. The rate of the main altcoin is testing the resistance of $3,849. If it breaks out, the upward move may lead to the test of the $3,900-$4,000 zone within the next few days. Ethereum is trading at $3,786 at press time. XRP/USD. XRP is the coin growing the least today, rising by 0.74%. Despite today's growth, the price of XRP has not accumulated enough energy for a midterm rise. In this case, sideways trading in the zone of $0.5150-$0.53 is the more likely scenario until the end of the week. XRP is trading at $0.5106 at press time.

BTC, ETH and XRP Price Prediction for June 3.

BTC/USD.

The rate of Bitcoin (BTC) has increased by 2.37% over the last day.

On the daily chart, the price of BTC is on its way to testing the interim resistance level of $70,715.

If the bar closes near it or above and with no long wick, the accumulated energy might be enough for a move to the $72,000-$73,000 zone.

Bitcoin is trading at $69,212 at press time.

ETH/USD.

Ethereum (ETH) is following the rise of Bitcoin (BTC), going up by 1.13%.

The rate of the main altcoin is testing the resistance of $3,849. If it breaks out, the upward move may lead to the test of the $3,900-$4,000 zone within the next few days.

Ethereum is trading at $3,786 at press time.

XRP/USD.

XRP is the coin growing the least today, rising by 0.74%.

Despite today's growth, the price of XRP has not accumulated enough energy for a midterm rise. In this case, sideways trading in the zone of $0.5150-$0.53 is the more likely scenario until the end of the week.

XRP is trading at $0.5106 at press time.

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Chiliz Announces New Date for Dragon8 Hard Fork. Chiliz announced an important development today. According to the announcement, a new date has been set for the previously postponed hard fork. The Dragon8 Hard Fork, planned for Monday, June 17 at 09:00 Turkish time on the Chiliz Chain, brings significant updates for both developers and the broader Chiliz Chain community. Let's look at the details. What Does the New Hard Fork Bring? One of the most important improvements for developers on the Chiliz Chain is the ability to use the latest version of Solidity, specifically v0.8.25. Previously limited to Solidity 0.8.19, which became outdated last year, developers can now take advantage of the new features, opcodes, and precompiles offered by the latest Solidity version. This update ensures that the Chiliz Chain remains compatible with the evolving Ethereum ecosystem, allowing developers to use familiar tools and optimize their smart contract capabilities. Additionally, the hard fork provides support for type 2 transactions under EIP-1559. This Ethereum Improvement Proposal brings changes to transaction fee management by automating gas fee calculations and simplifying the fee market. For both developers and users, this means more predictable and economically efficient applications on the Chiliz Chain, increasing usability and reducing entry barriers. Changes in Token Economics. Beyond developer improvements, the Dragon8 Hard Fork introduces significant changes to the token economy of the Chiliz Chain under the Tokenomics 2.0 heading. Initially serving as a transaction token, the CHZ token now plays a crucial role in governance and ecosystem operations within the Chiliz ecosystem. The updated token economy model will have a decreasing annual inflation rate starting at 8.80% and stabilizing at 1.88% after 14 years. This model also includes a transaction fee burning mechanism designed to encourage long-term participation and align with the strategies of leading Layer-1 protocols. #TopCoinsJune2024
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Cardano on Verge of "Most Significant" Milestone in Its History. Cardano, one of the leading proof-of-stake blockchain platforms, is approaching its biggest milestone to date, according to a recent social media post shared by founder Charles Hoskinson. Cardano has now reached the fifth stage of its ambitious roadmap called "Voltaire." This stage specifically focuses on turning the network into a self-sustaining ecosystem. Hoskinson believes that June will be the month that Cardano Node, the network's top-level component, reaches 9.0. The Cardano network is already Chang fork-ready, and 70% of stake pool operators (SPOs) are now supposed to install the new node. The hard fork will consist of two major upgrades. The first one will prepare the groundwork for initiating decentralized voting as well as governance actions. The second stage will finalize the introduction of various governance features that include treasury withdrawals. With the Voltaire phase, Cardano is supposed to enhance the level of decentralization and transparency within the ecosystem. Without even a modicum of humility, Hoskinson claims that the Chang hard fork will mark the most significant milestone for "the entire industry." "Cardano will be a decentralized civilization spanning the entire world with millions of residents. We'll have the most advanced blockchain governance system, annual budgets, a treasury, and the wisdom of our entire community to guide us," he wrote on the X social media network. Earlier this month, the controversial Cardano founder also railed against cryptocurrency influencers who believe that the network lacks fundamentals. He is convinced that there is a strong disconnect between the opinions of Cardano skeptics and reality. It remains to be seen whether 2024 will end up being a strong year for Cardano. So far, ADA's performance has been rather underwhelming in 2024, with the token dropping out of the top 10 biggest coins by market capitalization. #TopCoinsJune2024
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231 Billion PEPE Withdrawal Stuns Major US Exchange: Bullish? On Sunday morning, an unknown cryptocurrency whale bought 231.6 billion PEPE tokens from Kraken, valued at about $2.9 million. This recent purchase adds to the whale's total holdings of 750.34 billion PEPE, amounting to $8.34 million since mid-March, reports Lookonchain. PEPE, a meme cryptocurrency inspired by a famous cartoon frog, has been a hot topic since its debut last May. The token has seen substantial buying and selling activity from various investors, including the biggest one. A year later, the trend continues with major transactions still making headlines. The whale's recent investment indicates a strong belief in PEPE's potential for further growth. This is notable given the token's already impressive gains. The speculation is that this whale expects more upward movement, possibly driven by bullish market trends. Despite a volatile market, the recent whale activity suggests a positive outlook for PEPE on their behalf. The token is currently trading at $0.000013 per token, which is 40% below its all-time high but still up by an impressive 1,040% from the start of the year. Interestingly, PEPE often moves in sync with Ethereum (ETH), making it a potential indicator for ETH's performance. This unique relationship adds another layer of interest for popular meme cryptocurrency. Overall, the large purchase of PEPE from the major U.S. exchange is a notable event in the cryptocurrency market, suggesting a bullish outlook for the meme-based token. Enthusiasts better be watching closely to see if this whale's bet pays off. #TopCoinsJune2024
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XRP Price Prediction for June 9. XRP/USD. The rate of XRP has almost not changed since yesterday. On the hourly time frame, the price of XRP has made a false breakout of the local resistance of $0.4949. If the daily bar closes far from that mark, one can expect a drop to the $0.4910-$0.4920 zone tomorrow. On the bigger chart, traders should focus on the level of $0.49. If the candle closes below it, the decline may lead to a test of the $0.48 range. Such a scenario is relevant until the end of next week. From the midterm point of view, the bar is about to close far from the support and resistance levels. If that happens, traders may witness ongoing sideways trading around $0.50. XRP is trading at $0.4954 at press time. #TopCoinsJune2024
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