Cryptocurrencies Price Prediction: Dogecoin, Sandbox and Cardano – European Wrap 10 February [Video]

FXStreet Team FXStreet

Dogecoin price to provide a buying opportunity before DOGE explodes 55%

Dogecoin price has witnessed a massive rally over the past week, allowing it to push above a swing high and collect liquidity. This move suggests that DOGE is ready for a retracement that will allow bulls to recuperate their strength for the next upswing.

Sandbox price bound for another 30% gains as SAND finds support

Sandbox price action is seeing a lot of chop after hitting a high on February 9. The recent sideways price action has formed a consolidation and the next move is likely to be a minor retracement before any meaningful bias appears.

Cardano TVL skyrocketed to $98.29 million; analysts argue the ADA is undervalued

The Cardano network hit a new milestone, processing over 30 million transactions on its blockchain. The Ethereum-killer’s Total Value Locked (TVL) climbed closer to $100 million with rising on-chain activity, fueling a bullish outlook among investors. The altcoin is currently trading at $1.19 according to data from coinmarketcap.com.

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Avalanche struggles near $12 as Grayscale files updated form for ETF

Avalanche trades close to $12 by press time on Wednesday, extending the nearly 2% drop from the previous day. Grayscale filed an updated form to convert its Avalanche-focused Trust into an ETF with the US Securities and Exchange Commission.

Bitcoin slips below $87,000 as ETF outflows intensify, whale participation declines

Bitcoin price continues to trade around $86,770 on Wednesday, after failing to break above the $90,000 resistance. US-listed spot ETFs record an outflow of $188.64 million on Tuesday, marking the fourth consecutive day of withdrawals.

Michael Selig assumes role as new CFTC Chair, what does this mean for crypto?

Michael Selig has been sworn in to serve as the 16th Chairman of the Commodity Futures Trading Commission. Selig was confirmed by the US Senate to head the commission last week, following his October nomination by the US President Donald Trump.

Crypto.com hires sports trader for event prediction market-making

Crypto.com plans to recruit a quant trader for the sports market-making team to buy and sell financial contracts related to these events. Opponents argue that internal trading desks put operators or their affiliates on the opposite side of customer trades.

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Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.

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