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Cryptocurrencies Price Prediction: Shiba Inu, Polygon and Chainlink – European Wrap 8 November

Cryptocurrencies Price Prediction: Shiba Inu, Polygon and Chainlink – European Wrap 8 November
FXStreet TeamFXStreet TeamFXStreet

Shiba Inu price faces brutal rejection, next stop is $0.0000092 unless…

Shiba Inu price has already seen its fair share of collapse due to the ongoing rumors of Alameda’s balance sheet. As a result, Bitcoin, Ethereum and altcoins, including SHIB have witnessed a sell-off.

SHIBUSDT 1-day chart

MATIC price tests critical support after a 10% drop as the crypto market loses $40 billion

MATIC price, following most cryptocurrencies, is declining considerably on Tuesday due to the impact of FTT-induced market volatility. The altcoin, however, has been shielded from excessive drawdown thanks to its recent developments. If a similar momentum is maintained going forward, MATIC might even resume its uptrend.

MATICUSD 1-day chart

Will Chainlink gains come undone as crypto market collapses under rumors?

Chainlink price hit a three-month high despite the ongoing uncertainty and volatility in crypto. Rumors of Samuel Bankman-Fried’s FTX exchange’s insolvency have increased the selling pressure on cryptocurrencies in general. Yet Chainlink has defied the negative sentiment and decoupled from cryptocurrencies to break past the $8.60 level. 

LINKUSDT price chart

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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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XRP edges higher as bullish derivatives, EMA support underpin breakout prospects

XRP edges higher as bullish derivatives, EMA support underpin breakout prospects

Ripple (XRP) is grinding upward and getting closer to a short-term breakout above $1.40 on Tuesday. This uptick follows the remittance token's defense of support at $1.38, after a short-lived attempt to breach selling pressure at $1.50 last week.
Useless Price Forecast: USELESS poised for another breakout as Korea’s Upbit exchange announces listing

Useless Price Forecast: USELESS poised for another breakout as Korea’s Upbit exchange announces listing

Useless (USELESS) extends its upward trajectory, trading above $0.26 on Tuesday. The meme coin shows strong breakout potential after establishing firm support at $0.20, following an impressive 260% rally from lows near $0.15 on September 1 to a peak of approximately $0.32 last Saturday.
Bitcoin ETFs are still $1 billion shy of breaking even in 2026

Bitcoin ETFs are still $1 billion shy of breaking even in 2026

While investor demand for U.S.-listed spot Bitcoin exchange-traded funds (ETFs) has rebounded in recent weeks, net flows for the year remain firmly in the red. A spectacular August brought in a massive $3.52 billion in fresh capital, followed by a solid $770.15 million so far this month, according to data source SoSoValue.
Top Altcoins Price Forecast: Ripple, Cardano, Solana extend consolidation as bullish momentum fades

Top Altcoins Price Forecast: Ripple, Cardano, Solana extend consolidation as bullish momentum fades

Ripple (XRP), Cardano (ADA), and Solana (SOL) maintain a consolidative tone, struggling to sustain their upside momentum. The technical outlook for XRP, ADA, and SOL suggests downside risk as altcoins struggle to advance their August gains. Ripple trades around $1.40 at press time on Tuesday, holding a constructive bias above its 200-day Exponential Moving Average (EMA) at $1.3550.
Bitcoin: Gearing up for a sharp move

Bitcoin: Gearing up for a sharp move

Bitcoin (BTC) is trading around $81,000 on Friday, up over 4% so far this week, and awaits a key catalyst that could determine its next directional move. Strong institutional demand is supporting the bullish price action, with spot BTC Exchange Traded Funds (ETFs) on track to record a third straight week of inflows.