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Cryptocurrencies Price Prediction: Shiba Inu, Ape Coin & European Wrap 2 Jan

Cryptocurrencies Price Prediction: Shiba Inu, Ape Coin & European Wrap 2 Jan
FXStreet TeamFXStreet TeamFXStreet

Shiba Inu burn rate explodes, records 13,000% spike

Shiba Inu, the second-largest meme coin by market capitalization, is struggling to recoup its losses from 2022, but the good news for holders is that the Dogecoin-killer token recently broke out of its down channel after a massive SHIB burn.

ApeCoin outlook turns bullish as Bored Ape Yacht Club hits new milestone 

ApeCoin, an Ethereum-based NFT token, yielded nearly 10% gains for holders over the past 14 days. APE is the native token of the Bored Ape Yacht Club (BAYC) ecosystem.

MATIC prepares for bullish start to 2023 hitting a new record in Polygon’s NFT volume

MATIC, the Ethereum scaling solution token is ready for a bullish start in 2023. The NFT volume on Polygon hit a new record with sales of $324 million through the crypto winter. Price outlook on MATIC has turned bullish with long-holders eyeing the $0.8466 level as the target. 

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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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