Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Dogecoin – European Wrap 15 October
|What the US election could mean for Bitcoin
With less than a month until the US presidential elections, the race remains tight, with everything still to play for. At the time of writing, prediction markets and polls are giving Trump slightly higher odds of victory over Harris. But Harris has also pledged some support to crypto. This, combined with strong ETF inflows, has boosted Bitcoin to a two-week high, turning BTC positive in October.
Ethereum Price Forecast: ETH shows mild signs of recovery
Ethereum (ETH) stabilizes around $2,600 on Tuesday after a 6.5% rally on Monday that led prices to break through key resistance levels. Some signs of a mild recovery emerged via inflows into Spot Exchange Traded Funds (ETFs) and a surge in open interest, indicating new buying activity and hinting at a continuation of the rally.
Top 3 meme coins: Dogecoin, Shiba Inu and PEPE look set for further declines amid lower investor interest
Dogecoin (DOGE), Shiba Inu (SHIB) and Pepe (PEPE) all decline on Tuesday, partly erasing the gains registered on Monday. On-chain data from crypto intelligence platform Santiment suggest that a further price correction may be on the cards as the number of active addresses remains low – falling sharply from recent highs in DOGE’s case – and the MVRV ratio (market value to realized value) signals that the three meme coins are overvalued.
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