Cryptocurrencies Price Prediction: Binance Coin, Dogecoin & Cardano — Asian Wrap 31 March

FXStreet Team FXStreet

Making a case for Binance Bicasso NFTs playing catalyst to BNB price recovery, $357 incoming?

BNB price is up three days in a row despite the legal tussle between the largest exchange by trading volume, its CEO Changpeng Zhao (CZ), and the Commodity Futures Trading Commission (CFTC). The recovery rally comes as Binance made a bold venture into the world of AI-infused non-fungible tokens (NFTs), and BNB token has recorded an interesting reaction.

Dogecoin price breaching this key barrier would save $2.5 billion worth of DOGE from losses

Dogecoin price has had one of the most disappointing runs over the last 30 days, which has resulted from a lack of interest from investors. However, if these investors were to suffer more losses, it would be a making of their own as DOGE only needs a push to this level for holders to become profitable again.

Here’s why Cardano price could drop 20%

Cardano price (ADA) kickstarted recovery to retest a key level with a bullish breakout on March 10 when the alt season headlined. However, the destination may not pan out as the altcoin is now experiencing a notable shift in its investor base compared to the previous month.

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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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