Cryptocurrencies Price Prediction: Polkadot, Chainlink & Ethereum — Asian Wrap April 11
Polkadot price could turn bullish this week as DOT gains favor among futures traders
Polkadot price (DOT) could have a bullish week, a thought extrapolated from a recent tweet by Huobi exchange about experiencing healthy demand in the futures market for Polkadot. Notably, the futures segment of the cryptocurrency market often moves simultaneously with the spot market. Moreover, in certain occurrences, it significantly influences general pricing. Judging from this, it is possible that Polkadot’s ticker, DOT, could record a demand uptick this week, hence increasing prices.
Why Chainlink price is far from a market bottom despite Investors’ belief
Chainlink investors, akin to other altcoin holders, have been riding high on the altcoin season. However, given the state of the market presently, there is a chance that these crypto market participants might end up being disappointed, as a huge rally may not be on the cards right now.
Ethereum Price: On-chain metrics show why ETH is capped under $2,000
Ethereum price (ETH) has been unable to record more gains for weeks, with on-chain data revealing that Ether whales remain skeptical. Similarly, the easing supply of coins on exchanges indicates that investors could be looking to book short-term profits.
Author
FXStreet Team
FXStreet
