[FOMO drives crypto market rally as Chainlink price rise eclipses Bitcoin’s gains in the past week](https://www.fxstreet.com/cryptocurrencies/news/fomo-drives-crypto-market-rally-as-chainlink-price-rise-eclipses-bitcoins-gains-in-the-past-week-202311100108) Bitcoin price rose to $38,000 during the intra-day trading hours on Thursday.However, even that rally is not too much as compared to many of the altcoins.But one cryptocurrency stood out, which not only noted significant gains but also, reflected the bullishness that drove the rally – Chainlink.[XRP price falls 5% as Ripple and SEC prepare for potential future court proceedings](https://www.fxstreet.com/cryptocurrencies/news/xrp-price-falls-5-as-ripple-and-sec-prepare-for-potential-future-court-proceedings-202311100009) Ripple (XRP) price is on a load-shedding exercise after a steady climb that began around mid-October.The slump is unorthodox considering the broader market has been pumping of late, led by Bitcoin (BTC) and Ethereum (ETH).It is also unusual judging from how the XRP community tends to respond to ecosystem news, and points to a gloomy outlook among community members as they awaited a briefing from their longstanding case with the US Securities and Exchange Commission (SEC).[Ethereum price reaches $2,100 as BlackRock officially files a spot ETH ETF with NASDAQ](https://www.fxstreet.com/cryptocurrencies/news/ethereum-price-reaches-2-100-as-blackrock-officially-files-a-spot-eth-etf-with-nasdaq-202311092357) Ethereum price was largely dependent on Bitcoin’s cues to note a rise or fall for the past couple of days.However, that seems to have changed today as the altcoin observed a rally that occurred thanks to a major development in the crypto space affiliated with Ethereum.
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FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use.Errors and omissions excepted.The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.[Join Telegram](https://t.me/fxstreetcrypto) Follow us on Telegram Stay updated of all the news Recommended Content Editors’ Picks [Chainlink gains likely to extend as on-chain metrics turn bullish](https://www.fxstreet.com/cryptocurrencies/news/chainlink-gains-likely-to-extend-as-on-chain-metrics-turn-bullish-202311091305) [](https://www.fxstreet.com/cryptocurrencies/news/chainlink-gains-likely-to-extend-as-on-chain-metrics-turn-bullish-202311091305) Chainlink is likely to see further price gains in the short-term, according to several on-chain metrics.
Chainlink Weighted Sentiment entered positive territory, while supply on exchanges has declined.[More Chainlink News](https://www.fxstreet.com/cryptocurrencies/news?q=chainlink&hPP=15&idx=FxsIndexPro&p=0) [Dogecoin price eyes $0.10 target, on-chain metrics support bullish outlook for DOGE price](https://www.fxstreet.com/cryptocurrencies/news/dogecoin-price-eyes-010-target-on-chain-metrics-support-bullish-outlook-for-doge-price-202311091100) [](https://www.fxstreet.com/cryptocurrencies/news/dogecoin-price-eyes-010-target-on-chain-metrics-support-bullish-outlook-for-doge-price-202311091100) Dogecoin price could extend its gains after hitting $0.077 for the first time in nearly three months.DOGE token’s on-chain metrics support thesis for price rally in the meme coin as more token holders edge closer to profitability.[More Dogecoin news](https://www.fxstreet.com/cryptocurrencies/news?q=Dogecoin&hPP=15&idx=FxsIndexPro&p=0) [Navigating crypto bull market: Signs to maximize profits](https://www.fxstreet.com/cryptocurrencies/news/navigating-crypto-bull-market-signs-to-maximize-profits-202311090851) [](https://www.fxstreet.com/cryptocurrencies/news/navigating-crypto-bull-market-signs-to-maximize-profits-202311090851) The cryptocurrency market seems to be headed for a bull market after October’s gains extend into the end of the year.The current uptrend in crypto prices offers opportunities for traders, but it isn’t free from volatility.
[More Cryptocurrencies News](https://www.fxstreet.com/cryptocurrencies/news?q=&hPP=15&idx=FxsIndexPro&p=0) [MATIC price could extend gains, makes comeback above $0.80 alongside altcoin rallies](https://www.fxstreet.com/cryptocurrencies/news/matic-price-could-extend-gains-makes-comeback-above-080-alongside-altcoin-rallies-202311090811) [](https://www.fxstreet.com/cryptocurrencies/news/matic-price-could-extend-gains-makes-comeback-above-080-alongside-altcoin-rallies-202311090811) MATIC noted a price rally that pushed the asset past the $0.80 mark, for the first time since July 2023.MATIC price climbed steadily alongside altcoins that have rallied this week, as Polygon ecosystem users engaged in accumulating the token.
[More MATIC News](https://www.fxstreet.com/cryptocurrencies/news?q=matic&hPP=15&idx=FxsIndexPro&p=0) [Bitcoin: BTC threatens correction to $30,000 amid lack of ETF news](https://www.fxstreet.com/cryptocurrencies/news/bitcoin-price-threatens-a-drop-as-sell-signals-multiply-amid-lack-of-etf-news-202311010851) [](https://www.fxstreet.com/cryptocurrencies/news/bitcoin-price-threatens-a-drop-as-sell-signals-multiply-amid-lack-of-etf-news-202311010851) BTC, on the daily time frame, showcases not one but multiple sell signals.To add to its woes, on-chain metrics are also showing profit-taking en masse.While the rally prompted by the potential ETF approval has propelled BTC so far, the lack thereof could also knock the pioneer crypto lower.
[Read full analysis](https://www.fxstreet.com/cryptocurrencies/news/bitcoin-price-threatens-a-drop-as-sell-signals-multiply-amid-lack-of-etf-news-202311010851).
