🚀 Crypto Price Forecast: Toshi, Ethena & Bitcoin Set to Surge — Asian Market Wrap 17 September

Digital assets charge into Q4 with bullish momentum—Toshi breaks resistance, Ethena eyes new highs, and Bitcoin dominance expands across Asian markets.

Market movers

Toshi's protocol upgrade fuels 30% weekly gains—defi traders pile into leveraged positions as staking yields hit annual peaks. Ethena's synthetic dollar protocol cracks top-5 by volume after Japanese exchange listings go live. Meanwhile, Bitcoin holds above $80K—institutional flows from Singapore and Hong Kong push holdings to record levels.

Regional catalysts

Japan's FSA greenlights new custody frameworks—South Korean retail volume spikes 200% overnight. Meanwhile, Chinese miners redirect hardware to Kazakhstan ahead of winter energy cuts.

Bottom line: Crypto eats traditional finance's lunch—again—while bankers debate whether to ban it or buy it. Spoiler: they'll do both, six months late.

Toshi memecoin soars over 40% after Upbit listing sparks buying frenzy

Toshi (TOSHI) memecoin price surged more than 40%, trading above $0.000855 at the time of writing on Wednesday. This rally follows the confirmation of Upbit, South Korea’s largest crypto exchange, for the TOSHI listing. The rally pushed TOSHI’s market cap above $361 million, overtaking rivals like MOG and REKT, while technicals suggest further upside toward the $0.000996 target.

Ethena Price Forecast: ENA teases bullish reversal amid OKX listing

Ethena (ENA) price trades below the $0.7000 level at press time on Wednesday, extending the downfall for the fifth consecutive day. Still, the derivative and technical outlook present a bullish reversal possibility amid OKX’s announcement of ENA listing on Wednesday. OKX exchange will list Ethena’s ENA token at 07:00 GMT, allowing its users to trade ENA against Tether’s USDT, which could boost the trading volume and market price. However, the ENA withdrawals from the exchange will begin at 10:00 GMT. 

Top 3 Price Prediction: Bitcoin, Ethereum, Ripple – Fed rate decision could spark volatility in BTC, ETH, and XRP

Bitcoin price faced resistance around the $116,000 daily level since last Friday and hovered below this level for the next three days. However, on Tuesday, BTC ROSE and closed above $116,000. At the time of writing on Wednesday, it hovers at around $116,700. If the $116,000 daily level holds as support, BTC could extend the rally toward its psychological level at $120,000.