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Cryptocurrencies Price Prediction: Crypto.com, Luna Classic & Polygon — Asian Wrap 02 November

Cryptocurrencies Price Prediction: Crypto.com, Luna Classic & Polygon — Asian Wrap 02 November
FXStreet TeamFXStreet TeamFXStreet

Crypto.com price prediction: Will the launch of Visa partnered FIFA NFT collection trigger an uptrend?

Crypto.com price, unlike Ethereum, MATIC and other cryptocurrencies, did not note any significant price increase. However, Crypto.com’s partnership with FIFA could turn things around for its native token, provided its ongoing efforts pay off when the FIFA World Cup begins in two weeks.


Luna Classic Price Prediction: Bears aiming to wipe out retail traders

Terra's Luna Classic price is declining in free-fall fashion. A sweep-the-lows event is likely underway. Terra's Luna Classic price is showing concerning signals during the first trading day of November. After a 15% Sunday rally, LUNC abruptly fell under the 21-day simple moving average.


MATIC price prediction: Will Polygon's expansion to 288 million Indians prevent a downturn?

MATIC price painted some gains over the last three weeks; however, the asset is again flashing bearish signals on the chart. The broader market is not very supportive either, with the total crypto market cap still struggling to close above $1 trillion.

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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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Democrats win House and Senate in US midterms: Why isn’t all bad news for crypto

Democrats win House and Senate in US midterms: Why isn’t all bad news for crypto

The biggest story this week was Tuesday’s US midterm elections, which saw Democrats win control of both the House and the Senate in a clear blue wave. This political shift in the US has triggered sharp price swings across the cryptocurrency market.

Ripple nears oversold territory as traders eye buying opportunities

Ripple nears oversold territory as traders eye buying opportunities

Ripple remains structurally capped near $1.20 after selling pressure wiped out the early-week rise to $1.34, driven by the US midterm elections. Market participants exhibited regulatory concerns ahead of the Democrats taking control of Congress in January, with many repositioning and adjusting their portfolios.

Bitcoin Weekly Forecast: Bears tighten grip as BTC eyes fifth weekly loss

Bitcoin Weekly Forecast: Bears tighten grip as BTC eyes fifth weekly loss

Bitcoin is down over 3% this week, trading near $75,500 on Friday and heading for its fifth straight weekly loss. A sharp sell-off in US technology stocks reversed Bitcoin’s post-election rally on Thursday, triggering a wave of liquidations across the market and intensifying bearish pressure.

Post-US midterm elections market sell-off weighs on PI

Post-US midterm elections market sell-off weighs on PI

Pi Network (PI) continues to attract sellers, as the post-US midterm results triggered a sell-off in the US tech stock market and also wiped out over $1 billion from the crypto market.

Bitcoin: Bears tighten grip as BTC eyes fifth weekly loss

Bitcoin: Bears tighten grip as BTC eyes fifth weekly loss

Bitcoin (BTC) remains under pressure, down over 3% this week, trading near $75,500 on Friday and heading for its fifth straight weekly loss. Persistent outflows from US-listed BTC spot Exchange Traded Funds (ETFs), a sharp sell-off in US technology stocks, and rising market liquidations are weighing on sentiment and limiting Crypto King’s recovery attempts.