Cryptocurrencies Price Prediction: Decentraland, Binance & DogeCoin — Asian Wrap 16 Feb [Video]

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JP Morgan enters metaverse, opens lounge in Decentraland and eyes virtual real estate

Wall Street banking giant JP Morgan has opened a blockchain lounge in Decentraland's metaverse. The Onyx lounge marks the first step by a banking giant in the metaverse ecosystem of Decentraland. Decentraland price posted double-digit gains as institutions drive adoption of virtual real estate in the metaverse.

Binance Coin must break out above this level before BNB can retest $660

Binance Coin price has been one of the few bright lights in the cryptocurrency space over the past two weeks. Despite closing last week’s weekly candlestick at the open and retracing 10% from the highs, bulls have pushed Dogecoin to an early rally this week with an 8% swing higher.

Dogecoin may outperform Shiba Inu as DOGE presents buying opportunity before hitting $0.25

Dogecoin price has been performing well during the Tuesday trade session, moving up more than 4% for the day and exceeding Monday’s open and high. If this price action and bounce continues, then DOGE will have an easy path to revisit $0.25.

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XRP extends recovery as on-chain activity grows

Ripple (XRP) ticks up and trades around $1.13 at the time of writing on Tuesday. This rebound aligns with a broader recovery in the cryptocurrency market, attributed to reports that mediators between the United States (US) and Iran are seeking a 10-day cessation of strikes to find a way back to the signed Memorandum of Understanding (MoU).

Ethereum Price Forecast: ETH continues July uptrend with 20% rise after triggering buy signal

Ethereum (ETH) has gained 3% on Tuesday, extending its July gains above 20% after key on-chain indicators highlighted a resumption of buying activity. The strong performance so far in July comes a few days after ETH triggered the Market Value to Realized Value (MVRV) Buy signal. ETH has been up by roughly 22% since the signal.

Chainlink becomes top 20 best performer, 3 reasons behind the move

Chainlink (LINK) has become the best-performing asset in the top 20 this week, leading every other major cryptocurrency. The cryptocurrency jumped 10.18% to $8.71, its highest level since early June. Three major factors explain the double-digit rise over the past week.

Crypto Today: Bitcoin, Ethereum, XRP extend rebound amid returning institutional capital inflows

Cryptocurrency prices extend a broad recovery, led by Bitcoin (BTC), trading above $66,000 at the time of writing on Tuesday. Ethereum (ETH) remains bullish above $1,940, after logging four straight days of gains. Meanwhile, Ripple (XRP) hovers around $1.13, building on the reclaimed $1.10 critical level.

Bitcoin’s potential recovery in the second half hinges on these 4 catalysts

Bitcoin (BTC) has fallen over 34% in the first half of this year as the King Crypto failed to capitalize on a good semester for risk assets despite the woes from the Iran war.