Cryptocurrency Value Prediction: ChainLink, Axie Infinity & Polkadot – Asian Wrap Jan 11 – FXStreet

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The Chainlink price action continues to dwarf all other major cryptocurrencies. With Bitcoin, Ethereum and other major cryptocurrencies with market capitalization suffering intraday losses of over 5 to 6%, Chainlink was the only outlier with upward momentum.

Axie Infinity’s price continues to drop as profit-taking in the Metaverse and gaming token space continues. In addition, wider fears, uncertainties, and doubts about the cryptocurrency market are weighing on short-term price movements. The upside remains but is likely to be limited.

The Polkadot Prize was in the unfortunate position of being stuck in the Ichimoku Cloud. The cloud represents indecision, volatility, misery, whip saws and pain. It’s the place where trading accounts explode. However, a successful exit from and via the cloud would create extremely bullish trading conditions.


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