Cryptocurrencies Price Prediction: Bitcoin, VeChain and Polkadot – European Wrap 8 November

FXStreet Team FXStreet

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: ETH leads crypto market rally with new all-time high

Bitcoin price has been on a steady uptrend for the past two days and shows signs of continuing. Ethereum and Ripple are following the big cryptic and are heading higher. This trend is likely to translate to other altcoins in the market soon.

VeChain price flips crucial barrier, triggering 63% breakout to new all-time highs

VeChain price has been stuck under a stiff resistance level for roughly five months but recently managed to break above and flip it into a support level. This development screams a massive uptrend is on its way.

Polkadot price to explode to $100 as parachain and crowdloan proposal passes

Polkadot price saw a massive uptick in buying pressure on November 1, which pushed it into the price discovery mode for a brief period. However, this run-up was based on fumes, which has led to consolidation under a crucial resistance barrier. A breach of this level is likely to propel DOT to new highs.

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Top 3 Price Prediction: BTC recovers, Ethereum clings to support, XRP consolidates

Bitcoin, Ethereum and Ripple begin the week on a steadier footing after correcting by nearly 4%, 2%, and 6% respectively, in the previous week. BTC is attempting a modest recovery, trading above $64,500 on Monday, while ETH continues to defend the crucial $1,700 support level.

Aave founder outlines plan to bring multi-trillion-dollar securities market onchain with V4

Lending protocol Aave founder Stani Kulechov revealed a proposal to bring the multi-trillion-dollar securities market onto blockchain infrastructure, according to a blog post on Friday.

Ethereum Price Forecast: Impending funding crisis could put Ethereum at risk

Ethereum developers could face a "slow-burning funding crisis" in the coming months following the depletion of the Ethereum Foundation treasury and the expiration of the Client Incentive Program, according to former EF contributor Trent VanEpps.

Bitcoin's weakening sell pressure hints at possible market bottom — CryptoQuant

Bitcoin (BTC) may be approaching the final stages of its current correction as selling pressure eases, according to a CryptoQuant report on Thursday. The report noted that the current phase of realized losses differs significantly from the first major sell-off earlier this year. The data suggests that many panic sellers may have already exited the market.

Bitcoin: Recovery hopes fade after the Fed spoils the party

Bitcoin (BTC) is set to end the week in the red, trading near the 200-Week Simple Moving Average (SMA) at around $62,300 on Friday. Institutional selling persists, capping BTC’s recovery as spot Exchange Traded Funds (ETFs) point to a sixth consecutive week of outflows.