Cryptocurrencies Price Prediction: Polkadot, Chainlink & Ethereum — Asian Wrap April 11
|Polkadot price could turn bullish this week as DOT gains favor among futures traders
Polkadot price (DOT) could have a bullish week, a thought extrapolated from a recent tweet by Huobi exchange about experiencing healthy demand in the futures market for Polkadot. Notably, the futures segment of the cryptocurrency market often moves simultaneously with the spot market. Moreover, in certain occurrences, it significantly influences general pricing. Judging from this, it is possible that Polkadot’s ticker, DOT, could record a demand uptick this week, hence increasing prices.
Why Chainlink price is far from a market bottom despite Investors’ belief
Chainlink investors, akin to other altcoin holders, have been riding high on the altcoin season. However, given the state of the market presently, there is a chance that these crypto market participants might end up being disappointed, as a huge rally may not be on the cards right now.
Ethereum Price: On-chain metrics show why ETH is capped under $2,000
Ethereum price (ETH) has been unable to record more gains for weeks, with on-chain data revealing that Ether whales remain skeptical. Similarly, the easing supply of coins on exchanges indicates that investors could be looking to book short-term profits.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.