Cryptocurrencies Price Prediction: Dogecoin, Solana and Axie Infinity – European Wrap 28 December [Video]

FXStreet Team FXStreet

Dogecoin price searches for reliable support before DOGE bulls target 42% ascent

Dogecoin price could be ready for a 42% bounce toward $0.26 but not before DOGE discovers a reliable foothold. The meme-based token may see a buy opportunity at slightly lower prices before the bulls prepare for a major upswing.

Solana price weakens as bearish signal suggests 13% plunge

Solana price has encountered a bearish signal that suggests that SOL may face a retracement before continuing its uptrend. The Ethereum killer may slide 13% toward a critical support trend line at $161 before the bulls plan for a comeback.

Axie Infinity price risks further fall as active users drop 70% from peak

Axie Infinity, the play-to-earn gaming token, has suffered a drop in price after the daily active number of users of the game plunged. Analysts have predicted a test for Axie Infinity price.

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Avalanche struggles near $12 as Grayscale files updated form for ETF

Avalanche trades close to $12 by press time on Wednesday, extending the nearly 2% drop from the previous day. Grayscale filed an updated form to convert its Avalanche-focused Trust into an ETF with the US Securities and Exchange Commission.

Bitcoin slips below $87,000 as ETF outflows intensify, whale participation declines

Bitcoin price continues to trade around $86,770 on Wednesday, after failing to break above the $90,000 resistance. US-listed spot ETFs record an outflow of $188.64 million on Tuesday, marking the fourth consecutive day of withdrawals.

Michael Selig assumes role as new CFTC Chair, what does this mean for crypto?

Michael Selig has been sworn in to serve as the 16th Chairman of the Commodity Futures Trading Commission. Selig was confirmed by the US Senate to head the commission last week, following his October nomination by the US President Donald Trump.

Crypto.com hires sports trader for event prediction market-making

Crypto.com plans to recruit a quant trader for the sports market-making team to buy and sell financial contracts related to these events. Opponents argue that internal trading desks put operators or their affiliates on the opposite side of customer trades.

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Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.

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