Cryptocurrencies Price Prediction: Cardano, Polygon & Axie Infinity – American Wrap 08 September

FXStreet Team FXStreet

There is no going back, Cardano is ready for Alonzo hard fork

Input Output Hong Kong has triggered the Alonzo Hard Fork on Cardano mainnet, smart contract functionality roll-out on September 12. Dogecoin millionaire Glauber Contessoto prepares to go "all in" on Cardano, plans to be ADA's biggest supporter. Cardano DeFi set to become a reality with compatibility upgrades across the software stack.

Polygon bloodbath not over yet, MATIC bears plan another 20% drop

Polygon is testing a fundamental level to the downside that could open up more losses, even to the extent of 20%. Over the past three days, Polygon already had to book 43% of devaluation because of headwinds in cryptocurrencies. Buyers will need to wait before stepping in until price action stabilizes.

Axie Infinity bulls are licking their wounds after AXS price takes 35% nosedive

Axie Infinity (AXS) has had a negative week, with the most significant loss occurring yesterday. AXS shedded 35% of its value in just one session, and overall Axie Infinity has lost 45% of its value in just five days.

Author

FXStreet Team

FXStreet

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

Editor's Picks

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.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

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.

Legal Text

Markets move fast. We move first.

Editor's Picks