Crypto price predictions: Ethereum, Altlayer, Memeinator

Cryptocurrency prices remained in a tight range on Wednesday as the recent consolidation phase continued. Ethereum, the second largest cryptocurrency in the world, retreated from $3,000 to $2,900.

Bitcoin was hovering at its highest point in more than two years as Memeinator continued its highly successful token sale. This article looks at what to expect among cryptocurrencies such as Ethereum (ETH), Altlayer (ALT) and Memeinator (MMTR).

Memeinator prediction

Memeinator has become one of the fastest growing cryptocurrencies in the past few months. According to the website, which you can see here, the token sale has now raised over $4.87 million in the past few months. It is now at stage 15 of the token sale, which will end when it has successfully raised $4.94 million.

Memeinator is an upcoming cryptocurrency that aims to take advantage of the fast growing industries in the crypto and technology industries. First, at its core, and as the name suggests, it is a meme coin that seeks to destroy other popular tokens such as Dogelon Mars, Floki Inu, and Dogecoin.

Memeinator has room to succeed in this industry as we have seen with other recent memes like Minu, Elon Mars X and EGO. Last year we saw the amazing success of meme coins like Pepe and Bonk.

Secondly, the AI ​​industry is growing very fast. Recently, AI companies such as Super Microcomputer and NVIDIA have become well-performing assets in the financial market. Most have more than doubled. Similarly, AI crypto tokens like Fetch.ai and SingularityNET also jumped.

Finally, it is in the game industry. The developers dreamed of developing a game that would help develop the service for the token. So, while it's hard to predict, there's a good chance that the signal will be good once it goes public.

Ethereum price prediction

Ethereum price delivered a strong breakout this week as it jumped to its highest point since 2021. It has crossed the important resistance point at $3,000, where it has struggled to rise much this year. In particular, the coin flipped the key resistance to a support level at $2,715. This was a notable level as it was the highest swing this year.

Ethereum is well above its 50-day moving average, which means the bulls are still in control. However, the bear has formed a bearish pattern, which is a sign that it will soon pull back some. If this happens, it will retest the support at $2,715 and then resume the bullish trend. This formation is known as a break and reset pattern.

Altlayer price prediction

Altlayer, a new blockchain network that seeks to accelerate the scale of Web3 projects, is one of the top cryptocurrencies in the industry. ALT token rose to $0.5200, up from the February 4th low of $0.2945. It also moved above the 25-time and 50-time moving averages.

Altlayer sits above a key support level at $0.4625, the highest swing on January 24. Therefore, the price outlook for ALT is slightly higher, with the next point at $0.60.