Cryptocurrencies Price Prediction: Cardano, Shiba Inu & Bitcoin – American Wrap 21 April

FXStreet Team FXStreet

ADA whale accumulation propels Cardano price closer to $0.3; investors aim far higher

Cardano price, along with the rest of the crypto market, is bouncing back from the recent lows. As Bitcoin price nears $30,000, most of the altcoins are following the lead to note gains over the last 24 hours. ADA, however, in addition to the broader market cues, is finding support from a very important cohort.

Shiba Inu price climbs over 6% after Shibarium testnet reset

Shiba Inu, the second-largest meme coin in the crypto ecosystem, started its price recovery this week in tandem with a broad-based crypto surge. After the successful completion of 20 million transactions on its Layer 2 scaling solution’s testnet, the explorer Puppynet was reset. The update fueled a 6.3% rally in SHIB price since June 19.

Bitcoin dominance hits two-year high at 51%, jeopardizing altcoin gains

Bitcoin price has increased 74% in the last six months, and recent developments suggest more gains are on the way. Specifically, the BTC dominance shows a bullish outlook while the short-term picture remains optimistic.

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

Stellar Price Forecast: XLM slips below $0.22 as bearish momentum builds

Stellar (XLM) price is trading below $0.22 at the time of writing on Wednesday after failing to close above the key resistance earlier this week. Bearish momentum continues to strengthen, with open interest falling and short bets rising.

Pi Network Price Forecast: PI struggles to rebound amid muted demand

Pi Network (PI) edges higher by almost 1% at press time on Wednesday, bouncing off the $0.2000 level after a four-day decline. The recovery lacks momentum as the social interest surrounding Pi Network declines. Technically, PI is at a crossroads, struggling for a rebound as momentum is lacking.