Cryptocurrencies Price Prediction: Dogecoin, Bitcoin and Polygon – European Wrap 7 March [Video]
![Cryptocurrencies Price Prediction: Dogecoin, Bitcoin and Polygon – European Wrap 7 March [Video]](https://editorial.fxstreet.com/images/Markets/Currencies/Cryptocurrencies/financiera-comercial-grafico_XtraLarge.jpg)
Dogecoin price stumbles after public release of MyDoge wallet for iOS users
Dogecoin price tumbled in the recent crypto market bloodbath, posting 4% losses over the past day. Analysts have a bearish outlook on the meme coin, predicting a further price drop.
Bitcoin price nears six month bottom against massive exchange outflow
Bitcoin price witnessed a massive drop after posting gains over the past week. Traders continued to scoop up Bitcoin across exchanges as the asset's price hovered close to a six-month bottom, but although this led to a supply shortage it failed to drive BTC’s price higher.
Polygon’s MATIC price in negative spiral affected by escalation of war in Ukraine
Polygon (MATIC) price action is further slipping over the weekend after comments from Putin where he commits to see the war with Ukraine through until the end. With that, price pressure is mounting as inflation peaks even more, and energy prices are seeing more panic-buying across the board. In this environment, the dollar strength outweighs in almost every cross, and in the case of cryptocurrencies is setting up MATIC for some heavy losses throughout this week towards $1.20 and possibly $1.00.
Author
FXStreet Team
FXStreet
