Dogecoin, Bitcoin and Polkadot – European Wrap 20 October
Dogecoin price might seem in a lull, as DOGE-killers like Shiba Inu and other meme coins are hogging the spotlight – nor has the dog-themed cryptocurrency’s own lacklustre performance helped its cause, but things are set to change as a multi-month consolidation now promises a stunning breakout.
Bitcoin price is facing resistance and selling pressure as it is inches away from retesting its all-time high. The technicals are also hinting at a retracement, which could translate to other altcoin markets.
Digital asset managers have reported a rise in the institutional capital inflow in Polkadot as the overall cryptocurrency market capitalization climbs higher. A Polkadot founder announced $774 million dedicated for developing DeFi projects.