Cryptocurrencies Price Prediction: Bitcoin, MATIC & Elrond – American Wrap 13 May

Top 3 Prediction Bitcoin, Ethereum, Ripple: BTC may drop to $34,000, taking the rest of the market with it

Bitcoin price outlines the potential for a head-and-shoulders top after months of complex and frustrating price action. Ethereum price successfully navigates recent crypto market oscillations with a new milestone. XRP price indecision and failures overwhelm bullish aspirations in the short term.

MATIC Price Forecast: Polygon primed for a 70% rally

MATIC price is buoyed by the new deals announced today, despite broader weakness in the cryptocurrency market. Overall, the outlook remains bullish, but a more sustained, collective sell-off among cryptos will undermine or diminish Polygon’s upside potential.

Elrond price poised for a 50% decline despite new EGLD staking mechanisms

Elrond price balances above crucial trend line support originating in February. 50-day simple moving average (SMA) grip on EGLD nearing an end. Elrond new staking proposal geared to accelerating decentralization. Elrond price is on the cusp of a significant decline that will shatter trend line support and could drive EGLD down to the February low at $89.31.