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

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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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.