Cryptocurrencies Price Prediction: EOS, Bitcoin & Ethereum — Asian Wrap 8 May
May 8, 2025
The altcoin market is getting more complex to navigate, with fragmented narratives, limited liquidity, and massive token unlocks creating hefty headwinds. EOS is set for its planned rebrand on May 14, which will unlock the ecosystem as a web3 banking powerhouse. The blockchain company had to start this rebrand process. Essentially, the functions and features we’ve added over the last three and a half years have all been in a particular direction of Web3 banking,” Vaulta Foundation CEO, Yves La Rose, said during the Digital Asset Summit 2025.
Cryptocurrencies sector valuation posts mild 24-hours gains of 1% on Wednesday, breaking past the $3.1 trillion for the first time this week, according to Coingecko data. The US Federal Reserve dominated newsreels with a third consecutive rate pause accompanied by hawkish-leaning meeting notes.
Ethereum (ETH) held steady on Wednesday after the Pectra upgrade went live on mainnet. The upgrade, which introduced several features to Ethereum, failed to spark increased volatility as ETH continued trading near the $1,800 mark.
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