Cryptocurrencies Price Prediction: Chainlink, Ripple & SEC – American Wrap 15 October
|Chainlink Price Forecast: LINK risks 15% decline amid continued deleveraging
Chainlink (LINK) extends its decline, trading at above $18.00 on Wednesday amid volatility in the broader cryptocurrency market. Since Monday, the oracle token has lost 10% of its value, reinforcing the prevailing bearish outlook.
XRP bears hold the fort as sell-off lingers
Ripple (XRP) is facing overhead pressure, trading below $2.50 at the time of writing on Wednesday. The cross-border money transfer token recovery attempt in the wake of last week's flash crash was rejected at around $2.63 on Monday, affirming the short-term bearish outlook.
Backpack expands to SEC-registered tokenized stocks with superstate partnership
Crypto exchange Backpack said it is adding SEC-registered U.S. equities to its trading platform with Superstate, the blockchain finance startup led by Compound founder Robert Leshner.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.