Cryptocurrencies Price Prediction: Dogecoin, Shiba Inu & Bitcoin — Asian Wrap 07 Feb [Video]

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Dogecoin creator Billy Markus is ready for a trend reversal in the memecoin

Co-founder of Dogecoin, Billy Markus, recently commented on his bullish outlook on the Shiba-Inu-themed memecoin. Markus believes Dogecoin is ready for a trend reversal as it inches closer to $0.15. Analysts predicted the Dogecoin price trend could get interesting in the midterm if it remains above support.

Whales continue Shiba Inu accumulation in recent price drop, purchase 63 billion SHIB

63 billion Shiba Inu tokens were accumulated by large wallet investors in the recent dip. Ethereum whales have accumulated Shiba Inu through recent crypto bloodbaths, diversifying their portfolio. Shiba Inu transaction count dropped by 50%, fueling a bearish outlook among investors.

Bitcoin price breaks three-month downtrend line, indicators imply bullish shift in sentiment

The Bitcoin Fear & Greed Index has moved into the orange zone, implying that investor outlook on BTC is bullish. Jack Dorsey proposes Universal Basic Income powered by Bitcoin could boost demand for the asset. Bitcoin price crosses $41,000, adding $170 billion to the crypto market capitalization overnight.

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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.