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Cryptocurrencies Price Prediction: Ethereum, ENS & FLOKI – American Wrap 28 May

Cryptocurrencies Price Prediction: Ethereum, ENS & FLOKI – American Wrap 28 May
FXStreet TeamFXStreet TeamFXStreet

Ethereum bulls halt momentum as whale accumulation signifies ETH may continue outperforming Bitcoin

Ethereum (ETH) followed a sideways trend on Tuesday as the crypto community seems to favor the term 'programmable money' as ETH's one-liner. Meanwhile, whales have continued accumulating ETH despite profiting from the recent price spike.
ETH whale activity
Ethereum Name Service (ENS) announced a proposal on Tuesday to extend the protocol to Layer 2 networks. According to the announcement, the aim is to re-envision the protocol architecture, boost speed and facilitate low-cost transactions.
 

Floki Inu (FLOKI) has noted a spike in on-chain metrics in May. The meme coin rallied alongside large market capitalization meme tokens like Dogecoin (DOGE), Shiba Inu (SHIB), Dogwifhat (WIF) and PEPE (PEPE) this cycle. 

On-chain metrics support FLOKI’s gains and the meme coin is likely to extend its rally. 

FLOKI

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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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