Cryptocurrencies Price Prediction: Dogecoin, Monero & Cryptos – American Wrap 05 February
|Will Dogecoin outshine XRP? Publicly traded Canadian firm buys 1 million DOGE
Dogecoin (DOGE) and XRPLedger’s native token XRP observe a correction on Wednesday, extending their losses from the past seven days. DOGE is down 2.43% and XRP lost nearly 5% of its value on the day.
Monero Price Forecast: XMR bulls target double-digit gains amid market volatility
Despite the recent market correction this week, Monero’s (XMR) price stabilizes above $220 at the time of writing on Wednesday after retesting its ascending trendline and finding support around $195 on Monday. Coinglass data shows that the XMR long-to-short ratio reaches the highest level in over a month, indicating more traders are betting Monero’s price will rally.
Cryptocurrency market takes a wait-and-see approach
The cryptocurrency market remains in the same position as the previous day, with minor changes at the end of the 24 hours and a capitalisation of $3.21 trillion. Increased buying volumes met market dips, but a new info catalyst is needed for real growth.
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