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DOGE $0.20 (-6.6%)
BTC $42278.90 (-4.3%)
ETH $2885.77 (-7.8%)
USDT $1.00 (0.07%)
BCH $507.30 (-6.9%)
BSV $134.48 (-7.9%)
LTC $148.24 (-7.9%)
BNB $349.99 (-7.6%)
ADA $2.21 (-1.1%)
DOGE $0.20 (-6.6%)

Ripple, Chainlink, Polkadot, and Bitcoin Cash Price Analysis September 2020

Ripple, Chainlink, Polkadot, and Bitcoin Cash Price Analysis September 10, 2020

Ripple (XRP)

This cryptocurrency is one of the famous names when it comes to cross-border payments. It has already partnered with some of the biggest names in the financial world. State Bank of India is one of the financial institutions that trusted Ripple in terms of payment gateway.

Will its growing prominence affect the crypto’s performance? Let’s check it out.

XRP/USDT daily price (Source: TradingView)
XRP/USDT daily price (Source: TradingView)

Ripple price is currently consolidating at $0.244 after falling by 5.85% in the last few days. It is also seen that Ripple’s price is now trading above Arnaud Legoux Moving Averages (ALMA). If this movement continues, Ripple could go along with the bulls in reaching $0.260.

Meanwhile, the moving average convergence/divergence (MACD) seems to halt its playtime with the bears, which is a good sign for a possible crossover with the signal.

Chainlink (LINK)

Chainlink has been known to be a platform that is designed to bridge the gap between blockchain technology and other user programs. Today, its popularity seems to grow more, mainly because of the rising popularity of DeFi. Find Chainlink price charts and information here.

So how does this affect the price of Link today? Let’s find out.

LINK/USDT daily price (Source: TradingView)
LINK/USDT daily price (Source: TradingView)

At the time of writing, Chainlink is currently trading above ALMA with a price of $12.95. It also has restored itself by 39.34% after playing with the bears in the past days. The performance of LINK has been great but it has to maintain its candlestick above ALMA. Otherwise, the cryptocurrency will be joining the bears below.

The relative strength index (RSI) of LINK remains to be in the safe ground. This is a good sign to all investors that are interested in the crypto.

Polkadot (DOT)

The DeFi space continues to grow and become popular inside and outside the cryptocurrency market. An influx of investors are seen to be interested, which makes the Ethereum more congested than ever. Like Ethereum, Polkadot has an active ecosystem as it is already home to over 197 projects that are expected to grow steadily.

Are you wondering what the price of DOT today is? Let’s check it out.

DOT/USDT daily price (Source: TradingView)
DOT/USDT daily price (Source: TradingView)

Compared to last week, DOT has seen regaining its price strength by almost 39.34%. The crypto started its day with an opening price of $4.69, going above the ALMA indicator. This is a sign that the crypto is now recovering from its bearish price in the past days.

Along with the crypto’s price recovery, the RSI remains to be oversold. This combination is good for all interested crypto investors.

Bitcoin Cash (BCH)

Bitcoin Cash is known to be the altcoin that fulfills Bitcoin’s promise when it comes to becoming a “Peer-to-Peer Electronic Cash”. It also allows merchants and users to process transactions with low fees.

Are you curious about the BCH price today? Let’s check it out.

BCH/USDT daily price (Source: TradingView)
BCH/USDT daily price (Source: TradingView)

This crypto seems to have a good opening, starting at a price of $224.05. As seen above, the price continues to hold its position within the ALMA indicator. If the crypto continues to finish what it started, the crypto could be running with the bulls as it breaks the resistance level of $240.28.

The RSI of the crypto is also still above the oversold level, which is still good in terms of crypto stability.

Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CoinQuora. No information in this article should be interpreted as investment advice. CoinQuora encourages all users to do their own research before investing in cryptocurrencies.

A dedicated market analyst focused on the highs and lows of the cryptocurrency market. With a background in Business Administration, he tries to unfold his financial perspective to global readers.