Cryptocurrencies Price Prediction: Shiba, Cardano and Ethereum– American Wrap 4 February [Video]
![Cryptocurrencies Price Prediction: Shiba, Cardano and Ethereum– American Wrap 4 February [Video]](https://editorial.fxstreet.com/images/Markets/Currencies/Cryptocurrencies/financiera-comercial-grafico_XtraLarge.jpg)
Shiba Inu to put 1 billion SHIB out of circulation fueling bullish sentiment among investors
Bigger Entertainment has announced a Shiba Inu burn party that could wipe out 1 billion SHIB from circulation. Proponents believe the Valentine’s day event could fuel a bullish narrative for Shiba Inu price.
Cardano sees bulls not fleeing the scene just yet as $1.00 still holds
Cardano (ADA) price is staying muted as neither bulls nor bears look ready to give ground on their positions. With global markets on the front foot after Amazon earnings, this could set the scene for a bullish spillover effect, a catalyst that sparks a brief uptrend towards $1.20. At that level, bulls will find the monthly pivot and, in the process, make 15% of gains.
Ethereum Price Prediction: ETH targets $3,000
Ethereum (ETH) price is set to book the best gains it has made for the whole of 2022, as a bullish candle has now formed on the back of a significant support level. With that move, many bears are getting hurt as they probably fell in the bear trap with the false break below the supportive short-term trend line.
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FXStreet Team
FXStreet
