Cryptocurrencies Price Prediction: Floki, Chainlink & Ethereum – American Wrap 6 November

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FLOKI staking TVL explodes, hits $54.4 million within a week

FLOKI, one of the largest meme coins in the crypto ecosystem, hit a key milestone early on Saturday. The token’s total value locked hit $54.4 million and catalyzed a price rally in the meme coin. FLOKI price climbed over the weekend, hitting $0.00003132 on Binance.

Chainlink price eyes likely 10% gains amidst CCIP adoption in Hong Kong

Chainlink, the token of a decentralized blockchain oracle network, is likely to get a boost from the blockchain’s adoption by financial institutions in Hong Kong. Chainlink’s Cross-Chain Interoperability Protocol (CCIP) technology is being used for value exchange in Hong Kong’s Central Bank Digital Currency (CBDC) trials.

LINK/USDT one-day price chart on Binance

Ethereum whales scoop up the altcoin, likely to catalyze ETH price rally

Ethereum witnessed a spike in the holdings of large wallet investors in the network. Supply of the altcoin held by large addresses, as a percentage of the total supply has climbed consistently between May and November 2023.

ETH supply held by top addresses vs price

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XRP Price Forecast: XRP trades sideways as Ripple targets 10 million agentic AI transactions

Ripple (XRP) is losing momentum on Thursday, albeit gradually, trading above $1.13. The remittance token tagged a weekly high of $1.16 on Tuesday, with gains mainly attributed to developments on the United States (US) Clarity Act and recent signs that inflation is easing in the world’s largest economy.

Crypto Today: Bitcoin, Ethereum, XRP trim gains despite resilient ETF inflows

Cryptocurrency prices are trending lower on Thursday, pressured by renewed inflation concerns stemming from ongoing tensions between the United States (US) and Iran and persistently elevated Oil prices. Bitcoin (BTC) is approaching short-term support at $65,000, with upside resistance remaining firm at $67,000.

Worldcoin Price Forecast: WLD steadies as multiple bullish signals line up

Woldcoin (WLD) price trades around $0.3838 at press time on Thursday, extending a consolidative tone capped beneath the 50-day Exponential Moving Average (EMA) at $0.4141. WLD token emissions are scheduled to drop by 43% from Friday, reducing supply pressure. Retail activity in WLD derivatives remains firm, with a 40% rise in trading volume and elevated funding rates.

Dogecoin Price Forecast: DOGE nears yearly low as risk appetite fades

Dogecoin (DOGE) extends its decline on Thursday, approaching its yearly low at $0.069 as bearish sentiment continues to weigh on the meme coin. Escalating US-Iran conflict and fresh Houthi threats have dampened risk appetite, weighing on speculative assets such as DOGE. Weakening derivatives metrics and a deteriorating technical outlook suggest a deeper correction if DOGE slips below $0.069.

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.