5 Coin Weekly Forecast | BTC ETH XRP BNB ADA

04 September 11:08

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![](https://gimg2.gateimg.com/image/article/1690791888top5cryptoprediction.jpeg)
## TL；DR
In the past week, the crypto market has experienced positive news, with the market generally rising throughout the day, but the cycle was short and soon showed a price decline trend. Currently, several mainstream token prices have returned to the range they started this week. Currently, several mainstream coins are still showing a certain downward trend, and it is not ruled out that there may be further price declines in the future. The top five cryptocurrencies in terms of total market cap are currently <a href="/th/price/bitcoin-btc" target="_blank" class="blog_inner_link">Bitcoin</a> (BTC), <a href="/th/price/ethereum-eth" target="_blank" class="blog_inner_link">Ethereum</a> (ETH), Binance (<a href="/th/price/bnb-bnb" target="_blank" class="blog_inner_link">BNB</a>), Ripple (<a href="/th/price/xrp-xrp" target="_blank" class="blog_inner_link">XRP</a>) and <a href="/th/price/cardano-ada" target="_blank" class="blog_inner_link">Cardano</a> (ADA).

In the past week, all five major currencies have shown a downward trend. This 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 0.44% this week and is currently closing at around $25,979.57. Bitcoin continued its downward trend from last week, hovering around the $26,000 price range. Subsequently, due to the win in the Grayscale lawsuit, the entire market rose. Bitcoin prices briefly rebounded to around $28,000 but quickly fell back to their original range. Currently, Bitcoin's downward trend is relatively obvious, but it should not further decline significantly. In the short term, it should continue to show a fluctuating trend within the current price range.

Presently, $26,000 has become a key price for Bitcoin, fluctuating back and forth around this point, and the market is in a relatively sluggish oscillation cycle. In the short term, Bitcoin may find it difficult to recover to its previous price level.

Analysis suggests the entire crypto market has experienced significant volatility in the past week. Due to the trend of last week's market volatility, several mainstream tokens should enter a relatively clear period of volatility this week. However, the impact of external news has led to significant price fluctuations. It is a high probability event for Bitcoin to maintain volatility in the short term as coin prices continue to decline.
![](https://gimg2.gateimg.com/image/article/16937967408111693796634_.pic.jpg)
Bitcoin Price Data (Data Courtesy of CoinMarketCap)
## Ethereum（ETH）
Ethereum fell 0.8% this week and closed around $1,639.99. During this week, Ethereum, like most cryptocurrencies, showed a significant upward and downward trend.

The price trend curve is almost the same as that of Bitcoin, and after the overall rise of the crypto market, the price of Ethereum quickly rebounded to over $1,700. Subsequently, it was also unable to avoid a decline, and the price quickly returned to the range of $1,620-$1,640 before the rise.

Analysis shows that Ethereum is currently in a volatile trend, but compared to Bitcoin, there is still a supply issue at this stage. Ethereum's situation is slightly better, and its diverse application scenarios are more widespread. In the current period, when market investment users pursue stable investments, its price recovery is relatively foreseeable.
![](https://gimg2.gateimg.com/image/article/16937967728121693796648_.pic.jpg)
Ethereum Price Data (Data Courtesy of CoinMarketCap)
## Binance（BNB）
BNB fell 1.78% this week and closed at $214.45, with little change compared to last week's closing price. The price trend of BNB during this week follows the overall changes in the market, with more intense increases and decreases, which is closely related to its positioning as a platform currency for a large centralized exchange platform.

Analysis suggests that the price trend of BNB reflects that the current crypto market is more in a downward oscillation cycle. Actually, the current price of BNB is similar to that of the previous weekend, with a relatively small decline. The price range of $215 to $220 is still within the current market state. Despite the recent actions of BNB regarding FUSD, there is still a high possibility that the subsequent price of BNB will follow the overall market trend.
![](https://gimg2.gateimg.com/image/article/16937968008131693796667_.pic.jpg)
BNB Price Data (Data Courtesy of CoinMarketCap)
## Ripple（XRP）
XRP fell 3.44% this week to close at $0.5067. The positive news brought by the Grayscale litigation incident did not bring sustained price recovery benefits to the currency. Compared to other mainstream coins such as Bitcoin and Ethereum, the downward trend in the price of XRP is more pronounced, and the positive impact of news is relatively smaller.

Analysis suggests that the Grayscale victory event no longer has the exaggerated positive effect of XRP at the time, and its price trend is currently in a stage of fluctuating recovery, not yet returning to the price position of last weekend. In the following period, the probability of the price of XRP remaining in the range of $0.51 to $0.52 is relatively higher, and a cautious wait-and-see attitude can be maintained.
![](https://gimg2.gateimg.com/image/article/16937968228141693796687_.pic.jpg)
XRP Price Data (Data Courtesy of CoinMarketCap)
## Cardano（ADA）
ADA fell 2.94% this week to close at $0.2552. The overall rise of the crypto market this week was also reflected in the coin, but its price did not return to the previous $0.26 range but remained in a volatile trend within the $0.26 range.

Analysis suggests that the performance of ADA is actually in line with the overall trend of the current crypto market, but the rapid decline of the coin after its rise is more severe, with a larger proportion than other mainstream coins. Currently, it is not possible to see its future price trend for a period of time.

This is probably because ADA's projects focus on stable investment returns. After the currency price experienced a rebound, the changes in APR and other related returns slightly lagged behind. However, overall, only 5 percentage points of price loss remained within an acceptable range, and sustained attention can be paid to it.
![](https://gimg2.gateimg.com/image/article/16937968508151693796701_.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 this week is still in the short-term upward and downward trend brought by positive news, with a clear volatility trend. Recently, the crypto market is in a period of adjustment, and the market's positive news may not be sustainable. More industry dynamic positive information is needed to drive the overall price rebound.

<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>

<div class="blog-details-info">
  <div>作者：**Charles T.**，Gate.io研究员
  <div class="info-tips">\*本文仅代表作者观点，不构成任何交易建议。

BTC/USDT + 1.36%

ETH/USDT + 0.50%

GT/USDT -0.19%

TL；DR

Bitcoin（BTC）

Ethereum（ETH）

Binance（BNB）

Ripple（XRP）

Cardano（ADA）

What is to come?

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5 Coin Weekly Forecast | BTC ETH XRP BNB ADA

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