Cryptocurrencies Price Prediction: Cardano, Ethereum Classic and Ethereum – European Wrap 4 November

FXStreet Team FXStreet

Cardano price targets $10 following new partnerships in Africa

Cardano founder Charles Hoskinson reveals that ADA is counting on the "smart cow effect." The smart cow problem is when a group of individuals is faced with a technically difficult task, one of the members solves it. Hoskinson expects Cardano's partnerships with African governments to influence regulators in the United States.

Side by side comparison of ADA price trend in 2018-20 and 2020-21

Ethereum Classic price to retest $40 as ETC bulls get hammered

Ethereum Classic price shows that bulls are losing control and that a drop might arrive soon. However, there is one support trend line that will decide if ETC slides lower or stays put.

Ethereum fundamentals look stronger than ever making a $7,000 ETH inevitable

Ethereum price has been showing strength while the big crypto takes a backseat. This development has allowed ETH to set up a new all-time high. Although this upswing is slow, things will change soon as the smart contract token is likely to shed the weight on a minor retracement before blasting off to new psychological levels.

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XRP Price Forecast: Sell-off persists, bears aim for $1.00 as Ripple eyes on-chain multi-signature upgrade

Ripple (XRP) remains pressured, trading below $1.05 at the time of writing on Thursday. The token has declined for the fourth consecutive day this week, reflecting lethargic sentiment in the broader cryptocurrency market despite the possibility of easing geopolitical tensions in the Middle East.

Crypto Today: Bitcoin and Ethereum gain ground as XRP extends decline amid potential Iran-Oman deal

The cryptocurrency market is somewhat lethargic on Thursday, with Bitcoin (BTC) approaching $65,000, Ethereum (ETH) holding above $1,900 while Ripple (XRP) trades under pressure around $1.05. This mixed outlook comes ahead of a potential deal between Iran and Oman on the management of shipping through the Strait of Hormuz. Still, Iran has denied negotiations with the United States (US).

Pudgy Penguins Price Forecast: PENGU eyes breakout as bullish derivatives signals emerge

Pudgy Penguins (PENGU) nears the key 50-day Exponential Moving Average (EMA) at $0.0063 on Thursday, with a break above it potentially signaling further gains. Improving derivatives metrics and a constructive technical outlook suggest momentum is building, hinting at a possible breakout. Derivatives data shows bullish sentiment among Pudgy Penguins traders.

Coinbase UK launches 24/5 trading for 4,000 US stocks

Coinbase announced the launch of 4,000 US stocks available for trading in the United Kingdom (UK). The new product offering provides US market exposure for retail traders at zero commission, with the added benefit of fractional share trading.

Bitcoin: Bulls hold the line

Bitcoin (BTC) edges slightly lower, trading at $64,300 at the time of writing on Friday but holding firmly above a key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) support BTC as they continued to attract institutional flows through Thursday, pointing to the fourth consecutive week of net inflows.