As the inflation week approaches, there is rising interest in how tariffs will affect August inflation data. Let's look at predictions for cryptocurrencies such as SOL, VET, and ETH.
Expectations for SOL and ETH
SOL Coin has returned to the critical resistance area at $214. After lingering around $2023, Solana is now focusing on resistance instead of support at $180. If inflation data does not exceed expectations, there might be a positive reflection on altcoins regarding interest rate cuts.
Continuing the day with a 5.4% increase, Solana remains far from the $260 level, which could potentially lead to a rally. Despite its underperformance in August, it remains among the frontrunners alongside DOGE in September's revival.
Analyst Yoddha is focusing on Ethereum, which is still below $4600. He ridicules those expecting a downturn.
> "If you think this ETH chart shows a bearish trend, you will never profit. A new peak is coming in the upcoming months..."
Analysis of VET Coin
VET Coin, one of Michael Poppe's favorite altcoins, continues to develop, a rarity in the crypto world. He noted that even today, strong fundamental projects remain below the 20-week moving average.
> "This isn’t a bad thing, rather it’s a major opportunity. VET is one of them. Joining the Stargate program and gaining additional rewards for early participation is still possible. In the last cycle, I gained significant additional returns by staking assets, and assuming VeChain’s valuation is still relatively low, I can say it strengthens the thesis of adding VeChain to your portfolio."
Impact of Inflation on the Market
With upcoming inflation data this week, many experts are watching how this may impact the cryptocurrency market. It is expected that the data could lead to both growth opportunities and risks for altcoins, especially in light of recent economic figures.
In light of economic changes and expectations around this data, the crypto market may see notable fluctuations. Predictions for SOL, VET, and ETH suggest possible recovery, but risks remain.
