Gate.io Blog 5 Coin Weekly Forecast | BTC ETH XRP BNB ADA

5 Coin Weekly Forecast | BTC ETH XRP BNB ADA

21 August 11:06

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![](https://gimg2.gateimg.com/image/article/1690791888top5cryptoprediction.jpeg)
## TL；DR
In the past week, the crypto market has experienced a large-scale stock explosion across the entire network and multiple BTC addresses being sold off. The entire market has been hit to some extent, and the prices of various mainstream tokens have fallen significantly. The top five cryptocurrencies in terms of total market value are currently <a href="/es/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> (BTC), <a href="/es/price/ethereum-eth" target="_blank" class="blog_inner_link">Ethereum</a> (ETH), Binance (<a href="/es/price/bnb-bnb" target="_blank" class="blog_inner_link">BNB</a>), Ripple (<a href="/es/price/xrp-xrp" target="_blank" class="blog_inner_link">XRP</a>), and Ethereum staked token (stETH).

In the past week, these 5 major tokens have shown a downward trend. The article will study the performance of major assets, explore the factors that affect their price trends, and conduct corresponding analyses to predict their future short-term price trends.
## Bitcoin（BTC）
Bitcoin fell 11.2% this week and is currently closing at around $26,071.05. After experiencing a rapid decline in prices this week, Bitcoin has moved from the previous trend of expected to break through the $29,500 resistance level to the current price range, and even fell below the $26,000 price in the short term. Currently, Bitcoin is volatile and should continue to show a volatile trend within the current price range in the short term.

Presently, $26,000 has become a key support level for Bitcoin. Due to the increasing supply of Bitcoin in the market, there is a risk of further decline in Bitcoin prices in the short term, and the market is still in a state of self-adjustment.

Analysis shows that in the past week, the entire cryptocurrency market, especially Bitcoin, has seen a large number of coin-holding addresses selling Bitcoin to the outside world. The overall increase in supply lacks effective demand support in the current market, coupled with a large amount of online exposure, exacerbating the unfavorable situation in the entire crypto market. Currently, Bitcoin does lack positive signals in the short term, and the gradual approval of Bitcoin ETF spot prices may become positive news in the short term. However, the overall market situation needs further observation.
![](https://gimg2.gateimg.com/image/article/16925871107031692587044_.pic.jpg)
Bitcoin Price Data (Data Courtesy of CoinMarketCap)

## Ethereum（ETH）
ETH fell 9.7% this week and closed around $1,668.91 this week. This week, ETH, like most cryptocurrencies, showed a diving price curve.

Unlike Bitcoin, ETH has not been affected by too many sell-offs. Coupled with the rapid expansion of the Ethereum ecosystem at this stage and the support of tracks such as LSD, the price of ETH quickly dropped from above $1,800 to below $1,600 and soon began to rebound. Although it is still fluctuating within the price range below $1,700, fortunately, it has always been above the good support level of $1,650.

Analysis shows that although ETH has also suffered a serious impact this week, with even a very exaggerated decline in the short term, fortunately, it achieved a rapid recovery in just one day. At present, the price of ETH has remained fluctuating within the range of $1,650-$1,700, and it is likely to remain within this range in the short term. The overall trend requires external support.
![](https://gimg2.gateimg.com/image/article/16925871287041692587055_.pic.jpg)
Ethereum Price Data (Data Courtesy of CoinMarketCap)

## Binance（BNB）
BNB fell 10.2% this week and closed at $216.19. The price trend of BNB this week is more caused by changes in the crypto market itself, and its price curve is also more flat compared to Bitcoin or Ethereum.

Analysis suggests that because BNB itself serves as an exchange token, its price trend can more quickly reflect some of the current state of the crypto market, especially its circulation and application within the Binance exchange. Starting from the market trend on the 16th, the decline in BNB has been relatively large. Subsequently, when the entire network's positions and market selling arrived, the BNB's price even rebounded slightly with increased trading volume. But, then, like the overall market trend, it began to decline rapidly.

However, from the current perspective, the price of BNB An has stabilized and fluctuated within the range of $215 to $220. The subsequent price volatility is likely to follow the overall trend of the market.
![](https://gimg2.gateimg.com/image/article/16925871487051692587065_.pic.jpg)
BNB Price Data (Data Courtesy of CoinMarketCap)

## Ripple（XRP）
The decline of the XRP this week was the most severe among several top tokens, with a decrease of 14.7% to close at $0.536543. However, after all, it is the mainstream coin used in various cross-border payment scenarios, and XRP has shown a certain degree of recovery currently.

Analysis suggests that due to the impact of previous off-market events, the price of the XRP has risen rapidly and is currently in a stage of profit taking for a long time. However, it has entered a normal price range. However, the current price fluctuations are more of a shock to the entire crypto trading market, and the impact on mainstream tokens will only be greater.

However, the price recovery of XRP may be faster than Bitcoin, as Bitcoin has been the most impacted among all mainstream currencies in this market volatility. However, XRP is relatively better, and it is now up to us to see if it can break through the resistance level of $0.55. If it can be achieved, we can have more optimistic views on its market performance in the future.
![](https://gimg2.gateimg.com/image/article/16925871627061692587074_.pic.jpg)
XRP Price Data (Data Courtesy of CoinMarketCap)

## Cardano（ADA）
The ADA fell 7.7% this week to close at $0.271505. During this week, ADA is one of the mainstream tokens less impacted by market shocks. The expansion characteristics of Vasil's hard fork, which distinguishes it from other block networks, have demonstrated its ability to resist risks to some extent.

As a unique Proof of Stake mechanism, the protocol behind ADA is more commonly used in secure transactions in block networks. Its investment attributes in mainstream tokens have yet to be fully released in the past few years.

Analysis suggests that under the premise of severe market fluctuations, such as many crypto users choosing to invest in non-crypto fields to obtain more stable and clear investment returns, users in the current crypto market are generally starting to search for investment currencies that can better safeguard the value of funds in the market. It is also normal for ADA, a cryptocurrency that focuses on a specific field, to become a choice for people. However, it should be noted that the current price of ADA still has a significant gap from its historical high. When considering it as an investment item, more consideration should be given to the project.
![](https://gimg2.gateimg.com/image/article/16925871797071692587082_.pic.jpg)
ADA Price Data (Data Courtesy of CoinMarketCap)

## What is to come?
Compared to last week, the price performance of BTC, ETH, BNB, XRP, and ADA all showed a significant decline this week. Although the current crypto market has temporarily stopped its downward trend, the volatility trend is obvious. Considering buying at the bottom, you should choose relatively more stable tokens and investment methods. It may be difficult for the market to have a significant positive trend in the short term of one or two weeks.

<div class="blog-details-info">
<div>Author:**Charles T.**, Gate.io Researcher
<div>Translator:Joy Z.
<div class="info-tips">\*This article represents only the views of the researcher and does not constitute any investment suggestions.
<div>\*Gate.io reserves all rights to this article. Reposting of the article will be permitted provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.
</div>

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TL；DR

Bitcoin（BTC）

Ethereum（ETH）

Binance（BNB）

Ripple（XRP）

Cardano（ADA）

What is to come?

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