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Cryptocurrencies Price Prediction: Ethereum, OP & Dogecoin – European Wrap 6 June

Cryptocurrencies Price Prediction: Ethereum, OP & Dogecoin – European Wrap 6 June
FXStreet TeamFXStreet TeamFXStreet

Ethereum tokens worth $3.1 billion moved on the blockchain as traders brace for incoming selling pressure

Ethereum circulation climbed to 1.73 million tokens on June 6, signaling a rising utility of the altcoin. A large volume of Ethereum’s supply has moved off exchanges, likely to self-custody wallets, alongside the Securities & Exchange Commission’s (SEC) crackdown on Binance.

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Optimism price could shoot up by 30% after OP whales accumulation spree

Optimism (OP) price shows strength despite the market-wide sell-off on June 5. Additionally, the technicals and on-chain metrics both strongly suggest a bullish future for OP holders. 

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Dogecoin price crashes by nearly 12% as loyal investors continue to offload their DOGE

Dogecoin price is currently following Bitcoin’s lead, bringing the meme coin down to three-month lows and testing a key support level. The cryptocurrency has been a highly influenced token for a long time now, but with DOGE’s charm fading away, even some of its most faithful investors seem to be pulling back.

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