Trump’s tariff threats contribute to market instability and potential opportunities.
The popular design application Figma, extensively used by designers, has filed for an initial public offering (IPO), revealing its surprising involvement in the cryptocurrency market. The submission of the S-1 document disclosed Figma’s investment in Bitcoin $105,705. With the current Bitcoin price at $105,400 and experiencing a downturn, questions arise about the price targets for AVAX, BNB, and LINK coins.
ContentsAVAX Price TargetBNB and LINK Coin AVAX Price Target
This week holds significant importance for the AVAX cryptocurrency, a fact previously elaborated on in various evaluations. Prior to the deepening of market declines, analysts had projected a short-term target of $100,000 to $105,000 for Bitcoin. The current downturn is anticipated, especially considering the tariff disagreements instigated by Trump during the holiday week.
Figma’s Bitcoin holdings were unveiled following the upload of the S-1 document. The company holds a $70 million BTC ETF investment and secured board approval for a direct purchase of Bitcoin worth $30 million USDC. Should the IPO be completed, Figma could emerge as a new competitor to MSTR.
AVAX continues to perform as anticipated during the downtrend, moving towards closings below $17.15. The level of $22.3 is considered a starting point for AVAX’s upward movement; however, the price has yet to consistently close above $18.7. For a long time, AVAX has been known for its weakness amongst major altcoins. Should the decline persist, a retest of $15 might occur.
There exists the risk of Trump issuing a second major warning to the European Union. If no substantial actions follow his admonition to Japan, the early announcement of tariffs set for July 10 as a threat remains possible. Following a similar maneuver by Canada after Friday’s warning, both the EU and China have executed the same strategy before. We will continue to witness this unfold until July 9, expecting notable volatility.
BNB and LINK Coin
The journey towards $630 has commenced anew for BNB Coin. Amid general market sell-offs, local dip tests ranging from $630 to $605 could emerge. Given the prolonged volatility in BNB Coin, investors are well-versed in managing the challenges and opportunities it presents. Recently, buying around $600 and selling near $660 has provided a convenient profit margin.
Evaluations suggest considering purchases during the downturn. However, deeper dips reaching $500 are contingent on Trump’s actions.
Despite an agreement with Mastercard, LINK Coin remains priced under $13. This period is full of surprises, with altcoins similar to XRP and SOL experiencing declines despite ETF conversion speculations involving Grayscale’s crypto basket trust. For LINK Coin, the $11.97 level is significant. Should prices fall below this threshold, the $10-$11 range might present good buying opportunities. However, neither the writer nor the reader possesses a crystal ball to predict the future.
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