Cryptocurrencies Price Prediction: Algorand, Polkadot & Polygon — Asian Wrap 20 Apr

FXStreet Team FXStreet

Algorand price could experience turbulence on the road back to $0.92

Algorand price could be prepping for a monstrous upswing back to $0.92. However, the road towards the target might not be so smooth. It was mentioned in last week’s bullish thesis that ALGO price could potentially see a rally into $0.92 in the near future based on bullish signals.

This is what Polkadot price needs to reach $26

Polkadot price is still bearish neutral. Traders and DOT enthusiasts should consider trading other assets while waiting for more chart patterns to unfold. Polkadot price, like several cryptocurrencies, is having a nice uptrend rally to start this week's trading session.

Where to buy MATIC before it pumps back to $1.70

MATIC price is displaying strong bullish indicators. Traders should be looking for entries as the price could rally an additional 20%. MATIC price displays vengeful price action that every professional trader loves to see. As noted by Sam Seiden at its most recent FX seminar, traders often have to change their minds on a whim, and there's nothing wrong with that.

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Avalanche struggles near $12 as Grayscale files updated form for ETF

Avalanche trades close to $12 by press time on Wednesday, extending the nearly 2% drop from the previous day. Grayscale filed an updated form to convert its Avalanche-focused Trust into an ETF with the US Securities and Exchange Commission.

Bitcoin slips below $87,000 as ETF outflows intensify, whale participation declines

Bitcoin price continues to trade around $86,770 on Wednesday, after failing to break above the $90,000 resistance. US-listed spot ETFs record an outflow of $188.64 million on Tuesday, marking the fourth consecutive day of withdrawals.

Michael Selig assumes role as new CFTC Chair, what does this mean for crypto?

Michael Selig has been sworn in to serve as the 16th Chairman of the Commodity Futures Trading Commission. Selig was confirmed by the US Senate to head the commission last week, following his October nomination by the US President Donald Trump.

Crypto.com hires sports trader for event prediction market-making

Crypto.com plans to recruit a quant trader for the sports market-making team to buy and sell financial contracts related to these events. Opponents argue that internal trading desks put operators or their affiliates on the opposite side of customer trades.

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Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.

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