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Cryptocurrencies Price Prediction: Polkadot, Ripple & Shiba Inu — Asian Wrap 22 Nov

Cryptocurrencies Price Prediction: Polkadot, Ripple & Shiba Inu — Asian Wrap 22 Nov
FXStreet TeamFXStreet TeamFXStreet

Polkadot parachains offer developers freedom from Ethereum, says CEO Gavin Wood

Polkadot’s Parachains offers projects a free execution model on its network, offering freedom from economic constraints. The first Parachain auction has ended, and the reduction in DOT supply is expected to drive the token’s price higher. Polkadot recently concluded the auction for its first Parachain slot.

XRP Ledger reveals plan to power the development of NFTs

The global payments giant has revealed plans to get into NFTs and boost the utility of XRP Ledger native tokens. Ripple Ledger has the features to power NFT functionality on it. XRP Ledger is evolving into an NFT platform. Proponents have noted that the XRP Ledger has features that support NFT functionality.

Shiba Inu shakes weak hand before strong expansive uptrend

A brief technical and on-chain analysis on Shiba Inu price. Here, FXStreet's analysts evaluate how SHIB could be about to resume its uptrend.

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XRP steadies above $1.90 support as fund inflows and retail demand rise

XRP steadies above $1.90 support as fund inflows and retail demand rise

Ripple (XRP) is stable above support at $1.90 at the time of writing on Monday, after several attempts to break above the $2.00 hurdle failed to materialize last week. Meanwhile, institutional interest in the cross-border remittance token has remained steady.

Cardano struggles to extend gains as retail interest wanes despite Midnight's NIGHT token launch

Cardano struggles to extend gains as retail interest wanes despite Midnight's NIGHT token launch

Cardano ticks higher after a bearish weekend, struggling to extend an upcycle within a descending wedge pattern. On-chain data shows an increase in trading volume and user activity after the Midnight side chain token launch.

Crypto Today: Bitcoin, Ethereum recover as XRP remains supported by ETF inflows

Crypto Today: Bitcoin, Ethereum recover as XRP remains supported by ETF inflows

Bitcoin is trending up toward the pivotal $90,000 level at the time of writing on Monday, which marks four consecutive days of gains. Altcoins, including Ethereum and Ripple, are also rebounding above key short-term support levels.

Bitcoin nears $90,000 as recovery hopes clash with institutional outflows

Bitcoin nears $90,000 as recovery hopes clash with institutional outflows

Bitcoin is approaching the $90,000 resistance level at the time of writing on Monday, raising hopes of a short-term recovery. However, the bullish recovery is being challenged by weakening institutional demand, as evidenced by outflows from Spot ETFs.

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Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.