Cryptocurrencies Price Prediction: Cardano, LINK & Crypto – European Wrap 1 October
Cardano set for rally if symmetrical triangle breakout holds as support
Cardano (ADA) price edges higher on Tuesday following an over 6% drop the day before. ADA is retesting a key support level, and if it holds, Cardano’s price could rally ahead. On-chain data supports the bullish thesis, as more traders are betting on Cardano’s price to rise.
LINK, PYTH rally as top Chainlink oracles secure over $50 billion in value
Chainlink (LINK) and its oracles Pyth Network (PYTH), WINKLink (WIN), Chronicle (XNL), RedStone and Switchboard have secured over $50 billion in crypto assets across blockchains, according to data from DeFiLlama. Most of the tokens linked to these oracles, which provide world data and price feeds to smart contracts and blockchains, are posting gains on Tuesday.
Crypto’s step back for acceleration
The cryptocurrency market starts the week on the defensive, losing 1.2% of its capitalisation in 24 hours to $2.27 trillion, although it is still up 3% from a week ago. This drawdown looks like short-term profit-taking from the recent wave of gains amid the risks of the upcoming jobs report and Powell’s comments.
Author
FXStreet Team
FXStreet
