Cryptocurrencies Price Prediction: MATIC, Dogecoin & Bittrex – European Wrap 11 May

MATIC price poised for recovery with 52% increase in total value locked on Polygon’s bridge

MATIC, the native token of Ethereum’s scaling solution Polygon is likely to begin its recovery with the massive growth in Total Value Locked (TVL) onf Polygon’s zkEVM bridge. There has been an addition of $3 million in MATIC and stMATIC to the bridge since Wednesday.

Dogecoin price on 15% downward trajectory as more bulls ready to unwind their positions

Dogecoin (DOGE) price is under pressure from the financial markets' wisdom to “sell in May and walk away”. That narrative is perfectly aligned with the ongoing situation this Thursday in Dogecoin price action. With another slide lower, the end is not yet in sight as bears are projecting to see this sell-off through toward $0.06.

Bittrex to receive 250 BTC loan valued at $7M to commence its bankruptcy case

United States Judge, Brendan Shannon, has approved Bittrex exchange’s request for 250 Bitcoin (BTC) to kickstart the bankruptcy case. Based on the prevailing rates, that much crypto is worth approximately $7 million. The loan comes from Bittrex’s parent company, Aquila Holdings.