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