Ethereum, Ripple, Cardano, Polkadot, and Chainlink

This week, we take a look at five of the most popular cryptocurrencies – Ethereum, Ripple, Cardano, Polkadot, and Chainlink. Ethereum and Ripple both saw a 0.5% increase in their prices, while Cardano lost 2.4% of its valuation. Polkadot was the best performer, booking a 10% price increase, and Chainlink was the star of the week, with a 14.4% increase in price. Ethereum is in a consolidation period at around $1,600, and Ripple is coiling up under the key resistance at 40 cents. Cardano is likely to remain in search of support, while Polkadot may be approaching the end of its rally. Chainlink has confirmed the breakout by turning the $7.4 resistance into support and may reach the next key resistance at $9.4. The Ethereum ecosystem is growing, and Coinbase has launched its own Layer-2 (L2) solution called Base, which is built on top of Optimism and does not have its own token. All of these developments could have a positive impact on the prices of these cryptocurrencies in the coming week.