Myriad Moves: Ethereum and Solana Sentiment Flips Bearish as Prices Tumble

The volatile crypto market has led to significant shifts in prediction markets for Ethereum and Solana on Myriad, as sentiment turns bearish amid falling prices. Ethereum, which was nearly at $5,000 in August, has dropped below $4,000, with predictors now believing it is more likely to fall to $3,500 rather than rebound. Additionally, Solana, which reached an all-time high of $293.31 in January, has seen its prediction for another peak by year-end drop from 66% to 43%. This is attributed to the broader market slump, where liquidations have surged, leading to substantial price drops for major cryptocurrencies, including Bitcoin and Ethereum. Furthermore, the sentiment around the Pudgy Penguins culture coin, PENGU, has shifted, now favoring a decline to $0.02 instead of a rise to $0.05. The market's current bearish outlook reflects broader trends in crypto trading, as investors face increasing pressure amid liquidations and market corrections.

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