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Cryptocurrencies Price Prediction: Ethereum, Chainlink & Chiliz – American Wrap 08 July

Cryptocurrencies Price Prediction: Ethereum, Chainlink & Chiliz – American Wrap 08 July
FXStreet TeamFXStreet TeamFXStreet

Chainlink, Synthetix, Maker rank among top 10 Real World Assets to watch in July

Real World Asset (RWA) tokens and meme coins are the only two profitable narratives in the past three months of 2024, per Dune Analytics data. The performance of tokens in the RWA sector has attracted crypto traders, and after months of a stagnant market, the assets are seeing a rise in on-chain activity. 
 
Ethereum is down 0.3% on Monday as prospective spot ETH ETF issuers returned their amended S-1 registration statements to the Securities & Exchange Commission (SEC). Meanwhile, ETH long-term holders are gradually returning to the market after years on the sidelines.
ETH/USDT 8-hour chart
Chiliz (CHZ) price tested the weekly support level around $0.053 and rebounded by 5%, reaching $0.067 on Monday. On-chain analysis indicates recent capitulation events on July 5 and July 8, increased activity from dormant wallets, and a declining supply on exchanges, all suggesting bullish sentiment that may drive a rally in CHZ price in the days ahead.
CHZ/USDT weekly chart
 

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