Cryptocurrencies Price Prediction: Chainlink, Shiba & Polygon– American Wrap 20 February

FXStreet Team FXStreet

This is how rising greed in the crypto market could trigger a 23% rally in Chainlink price

Chainlink price is reacting to Bitcoin’s rally, climbing the charts quickly to recover the losses the altcoin witnessed following FTX’s collapse.

As the crypto market faces regulation, companies like TMSN, DOT, and Polygon offer new solutions

Crypto projects like Ripple have battled with regulatory issues. However, newer crypto projects with regulatory-compliant, user-focused utilities like TMS Network (TMSN), Polygon (MATIC), and Polkadot (DOT) are taking over.

Here’s why Shiba Inu holders are bullish after Shytoshi Kusama’s update on Shibarium

Shiba Inu’s layer-2 scaling solution Shibarium’s beta launch is coming up as Shytoshi Kusama shared a progress update in his latest blog.

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Ripple faces persistent bear risks, shrugging off ETF inflows

Ripple is extending its decline for the second consecutive day, trading at $2.06 at the time of writing on Friday. Sentiment surrounding the cross-border remittance token continues to lag despite steady inflows into XRP spot ETFs.

Luna Classic soars 20% as Do Kwon's sentence hearing looms

Luna Classic surges 20% on Friday, extending its recovery for the fourth consecutive day. Roughly 959 million tokens have been burned in December so far, fueling LUNC's recovery.

Crypto Today: Bitcoin, Ethereum, XRP pare gains despite increasing hopes of upcoming Fed rate cut

Bitcoin (BTC) is steadying above $91,000 at the time of writing on Friday. Resistance at $94,150 capped recovery on Wednesday, but in the meantime, bulls have contained downside risks above $90,000.

Ethereum strengthens against BTC post-Fusaka, targeting $3,200 breakout

Ethereum trades above $3,100 on Friday, with bulls aiming for a breakout above a two-month-old resistance trendline. Ethereum gains strength against Bitcoin as demand for the major altcoin increases after the Fusaka upgrade.

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Bitcoin: BTC steadies as data suggests local bottom

Bitcoin (BTC) hovers around $91,000 at the time of writing on Friday, extending its recovery by 5% so far this week. On the institutional front, a modest outflow from US-listed spot Bitcoin Exchange Traded Funds (ETFs) marks a slowdown from previous weeks and signals a reduction in selling pressure, further supporting BTC’s recovery.

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