Cryptocurrencies Price Prediction: Polkadot, Ethereum and Dogecoin – European Wrap 1 September

FXStreet Team FXStreet

Polkadot price slides towards demand zone for chance of a reversal

Polkadot price is approaching an inflection point that could potentially reverse the downtrend and allow bulls to take control. This development comes as BTC is also attempting to find a stable support level to kick-start its recovery rally, making a bullish outlook more likely for DOT too.

Trade Ethereum for free on Binance: World’s largest exchange waves fees for a month

Binance is waiving fees for a whole month for customers trading the Ethereum-BUSD pair on its exchange platform. The world’s largest exchange makes 90% of its revenue from trading fees. Free trading on the exchange platform is therefore a watershed moment for ETH holders.

Can Dogecoin price rally amid opposing on-chain metrics?

Dogecoin price is drifting slowly down to a stable support floor that could potentially provide a reversal point and the start of a new uptrend.

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Ripple faces persistent bear risks, shrugging off ETF inflows

Ripple is extending its decline for the second consecutive day, trading at $2.06 at the time of writing on Friday. Sentiment surrounding the cross-border remittance token continues to lag despite steady inflows into XRP spot ETFs.

Luna Classic soars 20% as Do Kwon's sentence hearing looms

Luna Classic surges 20% on Friday, extending its recovery for the fourth consecutive day. Roughly 959 million tokens have been burned in December so far, fueling LUNC's recovery.

Crypto Today: Bitcoin, Ethereum, XRP pare gains despite increasing hopes of upcoming Fed rate cut

Bitcoin (BTC) is steadying above $91,000 at the time of writing on Friday. Resistance at $94,150 capped recovery on Wednesday, but in the meantime, bulls have contained downside risks above $90,000.

Ethereum strengthens against BTC post-Fusaka, targeting $3,200 breakout

Ethereum trades above $3,100 on Friday, with bulls aiming for a breakout above a two-month-old resistance trendline. Ethereum gains strength against Bitcoin as demand for the major altcoin increases after the Fusaka upgrade.

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Bitcoin: BTC steadies as data suggests local bottom

Bitcoin (BTC) hovers around $91,000 at the time of writing on Friday, extending its recovery by 5% so far this week. On the institutional front, a modest outflow from US-listed spot Bitcoin Exchange Traded Funds (ETFs) marks a slowdown from previous weeks and signals a reduction in selling pressure, further supporting BTC’s recovery.

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