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Cryptocurrencies Price Prediction: Crypto.com, Dogecoin & Bitcoin — Asian Wrap 30 May

Cryptocurrencies Price Prediction: Crypto.com, Dogecoin & Bitcoin — Asian Wrap 30 May
FXStreet TeamFXStreet TeamFXStreet

Crypto.com price struggles to break out, despite kickstarting 2022 Monaco Grand Prix

Crypto.com's partnership with Aston Martin at the 2022 Monaco Grand Prix failed to trigger a bullish sentiment among investors. Analysts identify bullish divergence in the CRO price chart, and set a target of $0.20. The 2022 Monaco Grand Prix was kicked off on May 27 and ends on May 29, 2022. 

Dogecoin price fails to recover despite Elon Musk’s announcement

Elon Musk, billionaire investor revealed that Shiba-Inu-themed cryptocurrency Dogecoin can be used to buy merchandise on both Tesla and SpaceX. Despite the catalyst, analysts believe the Dogecoin price could fail to recover from its recent slump and identify $0.0637 as the short-term target.  

Analysts fear Bitcoin price correction below $29,000 as BTC decouples with stock markets

Bitcoin price is hit by a slump and dropped below new support levels. The asset is expected to end the week around the $29,000 zone as Bitcoin decouples from stocks. In the recent crypto market collapse, the Bitcoin price witnessed losses for nearly eight weeks.

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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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Ripple eyes $1.50 breakout despite softening on-chain activity

Ripple eyes $1.50 breakout despite softening on-chain activity

XRP remains elevated near $1.45 after a sharp spike from the weekly low of $1.31. XRP retains a neutral-to-bullish technical outlook, supported by the RSI and uptrending moving averages.

Zcash Price Forecast: Rally hits nine-year high above $1,000 amid growing shielded demand

Zcash Price Forecast: Rally hits nine-year high above $1,000 amid growing shielded demand

Zcash trades above $1,000 on Friday, building on its 16% gain from the previous day. On-chain data show a steady increase in shielded supply to 4.86 million ZEC tokens, pointing to growing demand for privacy.

Crypto’s $638 million buyback boom may not be as bullish as it looks

Crypto’s $638 million buyback boom may not be as bullish as it looks

Decentralized Finance (DeFi) protocols reportedly spent $638 million to buy back their native tokens in August, up 17% from a year earlier. On the surface, the buyback trend suggests the cryptocurrency industry is maturing fast.

Crypto Today: Bitcoin, Ethereum, XRP recovery takes a breather amid capital inflows

Crypto Today: Bitcoin, Ethereum, XRP recovery takes a breather amid capital inflows

Bitcoin corrects lower toward $80,000 after testing highs at $81,269, supported by $731 million in ETF inflows. Ethereum bulls push to regain momentum, with $2,500 providing immediate support.

Bitcoin: Gearing up for a sharp move

Bitcoin: Gearing up for a sharp move

Bitcoin (BTC) is trading around $81,000 on Friday, up over 4% so far this week, and awaits a key catalyst that could determine its next directional move. Strong institutional demand is supporting the bullish price action, with spot BTC Exchange Traded Funds (ETFs) on track to record a third straight week of inflows.