Bitcoin, Crypto.com and Polkadot – European Wrap 7 February

Bitcoin price has seen tremendous gains over the past three days as it attempts to overcome a massive hurdle. While altcoins like Ethereum and Ripple have corresponded to this bullishness, investors need to exercise caution with fresh investments as a retracement could be around the corner.

 

Crypto.com token has seen a considerable surge in bullish momentum, resulting in a quick run-up. There is, however, a good chance CRO will retrace before triggering a new leg-up. This pullback will allow the altcoin to recuperate and prepare for the next rally.

 

CRO/USDT 1-day chart

Ethereum’s competitor Polkadot network consumes the least electricity compared to Bitcoin, Solana and other top cryptocurrencies. This implies that Polkadot has a less negative impact on climate change than its counterparts . The network recently announced its Pioneers Prize program to reward technological innovation on the Polkadot blockchain.