Crypto asset investment products recorded $136 million in inflows last week, reported CoinShares on July 10. Another week of high inflow indicates institutional and retail investors remain bullish on Bitcoin and other cryptocurrencies, as digital asset investment products saw three consecutive weeks of inflows after nine consecutive weeks of outflows.
Crypto Funds Record Third Week of Inflow
Crypto asset funds saw a total of $470 million of inflow in the last three weeks. Firstly, a $199 million inflow, followed by a $125 million inflow, and $136 million in the last week. Also, it has brought year-to-date flows to a net positive $231 million despite nine weeks of outflows.
Bitcoin again remains the favorite of investors, recording $133 million in inflows as compared to $123 million in an earlier week. It shows Bitcoin bulls are preparing to dominate and starting to trigger technical advantage this month. In addition, short Bitcoin investment products saw an 11th week of successive outflows despite a recent price jump, with this week’s outflow of $1.8 million.
Surprisingly, blockchain equities saw the largest inflows of $15 million yet recorded in a year.
Meanwhile, altcoins such as Ethereum, Solana, XRP, Polygon, Litecoin, and Aave saw inflows, while both Cosmos and Cardano saw minor outflows. Investors are also interested in investing in Ethereum (ETH) as inflows rise to $2.9 million last week from $2.7 million in an earlier week.
ProShares ETFs, ETC Issuance GmbH, CoinShares Physical, and 21Shares AG recorded the most inflows last week. Germany leads the United States in crypto funds inflows last week, with Canada in third place.
Also Read: Bitcoin, Ethereum, USDT Trade At Discount On BinanceUS, Arbitrage Opportunity Or Trap?
Bitcoin Price Set For $50000
According to a CoinGape Markets analysis, Bitcoin has a long-term bullish outlook of $48,000, it might first tag highs around $38,000, followed by a retracement to $35,000 before the ultimate rally to $50k expected by the end of 2023.
Spot Bitcoin exchange-traded fund (ETF) applications by BlackRock, Fidelity Investments, and Others remain the main area of discussion in the crypto sphere since June.
In fact, Standard Chartered Bank raise its forecasts for Bitcoin price to reach $50,000 this year and $120,000 by the end of 2024.
Read More: Standard Chartered Revises Bitcoin (BTC) Price Prediction To $50000, $120K In 2024
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Dogecoin (DOGE-USD) price predictions are a hot topic among crypto traders on Monday as they react to the meme token rejoining the top 10 cryptos.
Specifically, Dogecoin is now the 10th rank crypto when listed by market capitalization. That’s a position it’s held in the past but hasn’t been in for some time. However, traders will note this is more due to Polkadot (DOT-USD) losing value than DOGE rising.
Adding to this news, Dogecoin is now the second largest crypto to still operate on a proof of work network. That comes after Ethereum (ETH-USD) switched to a proof-of-stake concept. That just leaves Bitcoin (BTC-USD) above DOGE in the proof-of-work realm.
With all of these recent changes, investors are wondering what the future holds for Dogecoin. Let’s see what the experts have to say on that below!
Dogecoin Price Predictions
- Starting off our list today is WalletInvestor and its one-year forecast of $0.00542 for the crypto.
- Next up is Gov Capital and its one-year price estimate of $0.17262803992046 for DOGE.
- CryptoNewZ closes out our list with its price prediction for Dogecoin surpassing the 10-cent mark by mid-2023.
So how do those Dogecoin price predictions stack up? They’re mostly positive compared to the crypto’s price of $0.05784 as of this writing. Investors will also note that DOGE is down 4.6% over the prior 24-hour period as of Monday morning.
Investors seeking out more of the latest crypto news will want to keep reading!
We’ve got all of the latest crypto coverage traders need to know about for Monday! A few examples include details on the Ethereum Merge, cryptos to sell before they die, and more. You can find all of these stories at the following links!
More Crypto News for Monday
On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
Article printed from InvestorPlace Media, https://investorplace.com/2022/09/dogecoin-price-predictions-whats-next-for-doge-after-retaking-no-10-crypto-ranking/.
©2022 InvestorPlace Media, LLC
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Cosmos in a correction after a day of consolidation.
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Bearish volumes are still low.
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Cosmos is heavily reliant on overall market trends.
Cosmos (ATOM/USD) is turning bearish again after trading in a range for the past 24-hours. This is pretty much in line with the broader market. Over the last 4-hours, Bitcoin has been losing momentum at a key resistance level, and Cosmos, like other altcoins, is following suit.
ATOM bulls losing steam
Cosmos is a cryptocurrency that powers an ecosystem of blockchains that can easily interact with each other. The goal is to create the world’s first Internet, made out of blockchain technology. It will do this by creating connected networks through which all manner of info can be shared across decentralised systems without reliance on third parties like apps stores or search engines.
Cosmos use case is becoming clearer to investors, and the same has reflected in ATOM’s price all through 2022. While the cryptocurrency market started 2022 in the red, ATOM is one of the better performers of the major cryptocurrencies.
That said, in the past week, Cosmos has taken a hit as Bitcoin’s correction continues to weigh in on the broader cryptocurrency market. But with its fundamentals rock-solid, ATOM is one of the cryptocurrencies that hold the most potential once the bear run comes to an end.
Cosmos price prediction
Source: TradingView
On the 1-hour chart, Cosmos is turning bearish. After trading in a range above the 50.0% Fibonacci support at $34.68, bears have taken control. The increase in bearish sentiment has seen Cosmos breach the $34.68 support, but volumes are still pretty low.
If bearish sentiment increases and ATOM tests and pushes through the 38.2% Fibonacci support at $32.93, ATOM could easily trade below $30 in the short term.
On the flip side, if bulls manage to push Cosmos back through the 50.0% Fibonacci resistance at $34.68, and breaches the 61.8% Fibonacci resistance at $36.46, then ATOM could trade above $40 in the course of the week.