Cryptocurrencies Price Prediction: Polkadot, Crypto.com & Avalanche — Asian Wrap 01 June

FXStreet Team FXStreet

Why the Polkadot price is a gambler’s vice

Polkadot has a double scenario-like price action that needs further investigation before forecasting a profitable trade.Traders should consider looking for more profitable opportunities. Polkadot price is portraying itself as a questionable digital asset within the crypto ecosystem.

Crypto.com targets $0.27 amidst bullish resurgence

Crypto.com shows no reason to doubt more upside. Still, an invalidation will be necessary for traders to partake in the rally. Crypto.com price shows subtle signals as the CRO price has embarked on an uptrend rally. The crypto.com price looks to retrace towards price levels established in early March.

Avalanche price could devastate investors as previous LUNA negotiations re-kindle uncertainty

Avalanche price could be setting up for another move to the downside. Traders should be cautious with bullish targets amidst potential “news-related sell-offs.” Avalanche price displays a possibility to consider another downside move. The AVAX price currently trades at $26, still within range of the initial sell-off that occurred on May 9.

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FXStreet Team

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XRP extends recovery as on-chain activity grows

Ripple (XRP) ticks up and trades around $1.13 at the time of writing on Tuesday. This rebound aligns with a broader recovery in the cryptocurrency market, attributed to reports that mediators between the United States (US) and Iran are seeking a 10-day cessation of strikes to find a way back to the signed Memorandum of Understanding (MoU).

Ethereum Price Forecast: ETH continues July uptrend with 20% rise after triggering buy signal

Ethereum (ETH) has gained 3% on Tuesday, extending its July gains above 20% after key on-chain indicators highlighted a resumption of buying activity. The strong performance so far in July comes a few days after ETH triggered the Market Value to Realized Value (MVRV) Buy signal. ETH has been up by roughly 22% since the signal.

Chainlink becomes top 20 best performer, 3 reasons behind the move

Chainlink (LINK) has become the best-performing asset in the top 20 this week, leading every other major cryptocurrency. The cryptocurrency jumped 10.18% to $8.71, its highest level since early June. Three major factors explain the double-digit rise over the past week.

Crypto Today: Bitcoin, Ethereum, XRP extend rebound amid returning institutional capital inflows

Cryptocurrency prices extend a broad recovery, led by Bitcoin (BTC), trading above $66,000 at the time of writing on Tuesday. Ethereum (ETH) remains bullish above $1,940, after logging four straight days of gains. Meanwhile, Ripple (XRP) hovers around $1.13, building on the reclaimed $1.10 critical level.

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.