Cryptocurrencies Price Prediction: Bitcoin, Decentraland and Chainlink – European Wrap 6 December
Bitcoin price is currently consolidating after a minor recovery from the brutal sell-off on December 4. The recent uptick in buying pressure has pushed BTC higher, and altcoins have followed suit. Going forward, investors can expect Ethereum, Ripple and others to continue heading higher.
Decentraland price might provide a ‘buy’ opportunity before the buyers make a comeback and trigger a minor upswing. Investors need to pay close attention to one vital support level where the reversal is likely to occur.
Staking could play a small role in Chainlink’s valuation in the long-term. Analysts are bullish on the decentralized oracles token as the network’s rising utility and partnerships could have a higher impact on prices.