Polkadot price sets the stage for a 36% rally as DOT bulls conquer critical hurdle
Polkadot price created the $6.36 to $8,79 range in June 2022, and has been hovering below it for quite some time. The last two bullish moves to get back into the range failed and the latest attempt from buyers seems to be working as DOT looks primed for a leg-up.
The first level of target for Polkadot price is the range’s midpoint at $7,57, which would constitute a 17% ascent. However, a flip of this barrier could extend the journey of DOT bulls to $8.79, bringing the total gain to 36%.
Ethereum Shapella upgrade is successful, debate ensues on whether ETH is a security
Ethereum completed its Shanghai upgrade, a smooth transition that enabled EIP-4895, for ETH token unlock. The first 17,000 ETH tokens lined up for withdrawal, without negative impact on Ethereum price.
Ethereum’s most significant upgrade since the Merge increased anticipation in the crypto community. Holders expected a decline in Ethereum price, a knee-jerk reaction from ETH holders and a rise in selling-pressure on the asset.
Avalanche Price: Positive trading activity fails to excite a reaction from AVAX
Avalanche (AVAX) network started the month on a promising note, with the chain recording the highest value in daily active addresses on a year-to-date timeframe. Notably, the numbers were up by over 70,000.
With the number of addresses surging, the transaction count on the platform rose in tandem. Data from Token Terminal shows that the transaction fees that the platform collected hit a one-month high on April 11.
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. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
Michael Saylor predicts Bitcoin to surge to $100K by year-end
MicroStrategy's executive chairman, Michael Saylor, predicts Bitcoin will hit $100,000 by the end of 2024, calling the United States (US) election outcome the most significant event for Bitcoin in the last four years.
Ripple surges to new 2024 high on XRP Robinhood listing, Gensler departure talk
Ripple price rallies almost 6% on Friday, extending the 12% increase seen on Thursday, following Robinhood’s listing of XRP on its exchange. XRP reacts positively to recent speculation about Chair Gary Gensler leaving the US Securities and Exchange Commission.
Bitcoin Weekly Forecast: New high of $100K or correction to $78K?
Bitcoin surged to a new all-time high of $93,265 in the first half of the week, followed by a slight decline in the latter half. Reports highlight that Bitcoin’s current level is still not overvalued and could target levels above $100,000 in the coming weeks.
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC to 100k or pullback to 78k?
Bitcoin and Ethereum showed a modest recovery on Friday following Thursday's downturn, yet momentum indicators suggest continuing the decline as signs of bull exhaustion emerge. Ripple is approaching a key resistance level, with a potential rejection likely leading to a decline ahead.
Bitcoin: New high of $100K or correction to $78K?
Bitcoin (BTC) surged up to 16% in the first half of the week, reaching a new all-time high of $93,265, followed by a slight decline in the latter half. Reports suggest the continuation of the ongoing rally as they highlight that the current trading level is still not overvalued and that project targets are above $100K in the coming weeks.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.