Cryptocurrencies Price Prediction: Bitcoin, Pudgy Penguins & Solana — Asian Wrap 4 July

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: BTC nears all-time high, ETH and XRP break key resistances

Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) are showing signs of strength heading into the weekend. BTC has broken out of its recent consolidation phase, climbing above $109,000 and moving closer to its all-time high. Meanwhile, ETH and XRP followed BTC’s footsteps, closing above their key resistance levels, which suggests a bullish outlook and potential for continued upside in the near term. If BTC continues its upward momentum, it could extend the rally toward the May 22 all-time high at $111,980.

Crypto Gainers Price Prediction: PENGU, FARTCOIN, WAL front-running market recovery

PENGU edges lower by over 1% at press time on Friday, following an 8.50% surge on the previous day. The utprend surpasses the 50% Fibonacci retracement level at $0.0160, retraced from the all-time high of $0.0700 to the April 9 low at $0.0037. If PENGU holds the 50% Fibonacci level, it could target the $0.0259 level, last tested on January 26. 

Solana holds steady amid reduced on-chain activity, DeFi Development Corp's 17K SOL acquisition

Solana (SOL) held steady on Friday despite a lag in on-chain activity in June, with its Real Economic Value (REV), App Revenue, and Decentralized Exchange (DEX) volumes dropping 48%, 38%, and 35%, respectively. Meanwhile, DeFi Development Corporation (DFDV) resumed its Solana accumulation strategy after acquiring 17,760 SOL. App revenue also declined by $150 million in June, representing a 38% decrease from the previous month. Despite the decline, Solana apps accounted for 35% of all app revenues across blockchains, with Binance Smart Chain coming in second at 17%, noted Blockworks analysts.