Cryptocurrencies Price Prediction: Floki Inu, PEPE Coin & Dogecoin — Asian Wrap 20 April

FXStreet Team FXStreet

Floki Inu price declining by 15% might have its investors, or the lack thereof, to thank for

Floki Inu has kept its head down, charting no growth but simply moving sideways for the last month. While investors are hoping this is the build-up before FLOKI marks a recovery to yearly highs, the meme coin might not be able to do so primarily because these very investors are the reasons for the lack of a rally.

PEPE coin whales suspiciously amass 7% of all supply before 900% rally; threat or conviction?

PEPE, the newest addition to the crypto meme coin token list, is reinvigorating the meme coin discourse. The regurgitated discussions surrounding Dogecoin and Shiba Inu were diminishing the sector’s popularity, which is seeing a resurgence thanks to PEPE.

Dogecoin Price Forecast: Starship launch could see DOGE rocketing over 20%

Dogecoin price (DOGE) has been on an uptrend since around March 10, with bulls leading the market and taking DOGE above key hurdles. Many factors have played a role in the meme coin’s rally, including a recent move by Twitter CEO, Elon Musk, to switch the Twitter logo from the traditional bird to a Shiba Inu dog, the alt season, and the latest Bitcoin dominance.

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FXStreet Team

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XRP approaches key support as risk-off sentiment deepens

Ripple (XRP) is trading at $1.06 on Monday, maintaining its position within a broader bearish trend. The token’s technical outlook continues to deteriorate, pressured by declining retail participation. Appetite for risk assets remains lethargic, as reflected in the Fear & Greed Index, which is embedded in the Fear territory at 28.

Crypto Today: Bitcoin, Ethereum, XRP extend decline amid renewed risk-averse sentiment

The cryptocurrency market remains weak on Monday, with Bitcoin (BTC) falling toward the nearest $62,000. Ethereum (ETH) and Ripple (XRP) reflect the sell-off across altcoins, edging lower toward $1,800 and $1.05, respectively. Risk appetite remains subdued, as the Fear & Greed Index holds steady at 28, deep within Fear territory.

The Bitcoin futures yield collapse: Once over 20%, now less than Treasury notes

Once a goldmine for carry traders, Bitcoin futures have flipped, consistently underperforming plain‑vanilla U.S. Treasuries every month since February. Carry trades consistently yielded 20% or more across regulated and unregulated crypto exchanges during the 2021 bull market. The strategy involved shorting Bitcoin futures while simultaneously buying a spot exchange-traded fund (ETF).

The crypto market is moving in the opposite direction to equities

The crypto market’s market capitalisation has fallen by 1% over the past 24 hours, returning to levels last seen in mid-July. The positive momentum the market showed in the first half of last week failed to take hold. Once again, we are seeing a negative correlation with the Nasdaq 100 index, this time in the form of falling cryptocurrencies while shares rise. Could this be becoming the new norm?

Bitcoin: Bulls hold the line

Bitcoin (BTC) edges slightly lower, trading at $64,300 at the time of writing on Friday but holding firmly above a key support zone. US-listed spot Bitcoin Exchange Traded Funds (ETFs) support BTC as they continued to attract institutional flows through Thursday, pointing to the fourth consecutive week of net inflows.