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

FXStreet Team FXStreet

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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