Cryptocurrencies Price Prediction: Cardano, Polkadot & Shiba Inu — Asian Wrap 18 Oct

FXStreet Team FXStreet

Cardano increases partnerships worldwide; analysts predict ADA price will explode to $4

The IOHK team is prepared to support the upcoming Cardano maintenance upgrade, preparing for the next Daedalus release. Nervos bridge connecting Ethereum to Cardano is live, allowing users to interchange assets and create their own tokens. Dogecoin millionaire reveals that he has invested in Cardano and expects big moves in the altcoin’s price.

Polkadot Kusama bridge could go live by end of 2021, traders bullish on DOT

Polkadot is nearing its parachain auctions in November 2021. The post-auction phase of Kusama led to a drop in the price of KSM tokens. If the same occurred to DOT, the price of the altcoin would plunge in December 2021. Analysts are more bullish on KSM tokens than DOT, as bridge development nears completion.

Shiba Inu could breakout after whales buy millions of dollars worth of SHIB

Ethereum whale spent $1.2 million on accumulating 49.9 billion SHIB tokens. Shiba Inu token can now be purchased at 4000 ATMs across the US and Brazil through Coin Cloud. SHIB ranked in the top 10 trending coins in Asia for the first two weeks of October 2021.

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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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