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Cryptocurrencies Price Prediction: Dogecoin, Ethereum & Bitcoin – American Wrap 05 October

Cryptocurrencies Price Prediction: Dogecoin, Ethereum & Bitcoin – American Wrap 05 October
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Dogecoin millionaire booking profits from Shiba Inu to pump up DOGE

Dogecoin millionaire Glauber Contessoto asks the community to fuel Dogecoin with their gains from Shiba Inu. The development of the Dogecoin-Ethereum bridge is underway, co-founder Billy Markus emphasizes its high demand from the NFT ecosystem. Shiba Inu's progress and upgrades in the ecosystem intensify its competition with Dogecoin for dominance.

Bitcoin bulls on the front foot, eyeing $53,350

Bitcoin (BTC) price has shifted into a higher gear for bulls after the breakout on October 1. Bitcoin bulls who missed the entry at $44,088 had a solid entry at $47,065 with two technical reasons to get in. Profit targets are $50,029 in the short term and retesting the double top at $53,350 in the medium term.

Three reasons why Ethereum price is going to $5,000

Ethereum price breached a crucial barrier, kick-starting a part of the massive uptrend that awaits it. While the short-term outlook for ETH might be concerning based on some metrics, others indicate that the long-term scenario remains largely bullish.

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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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Bitcoin (BTC) price action has remained resilient this week, trading above $78,000 at the time of writing on Friday, heading toward a key resistance zone. Institutional demand shows early signs of weakness, with spot Exchange Traded Funds (ETFs) on track for a second straight week of outflows, with over $420 million recorded through Thursday amid escalating Middle East tensions.