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Cryptocurrencies Price Prediction: GameFi, Fetch,ai & Solana – American Wrap 28 June

Cryptocurrencies Price Prediction: GameFi, Fetch,ai & Solana – American Wrap 28 June
FXStreet TeamFXStreet TeamFXStreet

Web3 gaming is the worst-performing category in Q2: MYTH, PRIME, YGG face double-digit losses

A crypto analyst ranked different categories of cryptocurrencies by their performance in the second quarter of 2024. Meme coins ranked first, while Gaming Finance (GameFi) ranked last in terms of Relative Strength, among other metrics. 
Relative
Fetch.ai (FET) price is encountering resistance at $1.65 this week, with current trading below $1.46 as of Friday. On-chain data reveals that FET’s investors are taking profits, leading to an uptick in supply on exchanges. This indicates a bearish momentum that could potentially drive down FET's price in the coming days.
FET/USDT weekly chart
Asset manager 21Shares filed an S-1 registration statement with the Securities & Exchange Commission (SEC) on Friday for a spot Solana (SOL) ETF, about 24 hours after VanEck filed for the same product.
 
 

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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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XRP tests key support with elevated on-chain activity as whale selling threatens rally

XRP tests key support with elevated on-chain activity as whale selling threatens rally

XRP tests $1.40 support and rises to trade at $1.43 on Wednesday as the crypto market broadly consolidates. XRP faces profit-taking risk, as whales increasingly sell following last week’s rally.



Bitcoin recovery stalls near $80,000 as ETF inflows mount, whale demand strengthens

Bitcoin recovery stalls near $80,000 as ETF inflows mount, whale demand strengthens

Bitcoin hovers above $78,000 on Wednesday, struggling to advance beyond $80,000 after its strongest weekly rise in three years. BTC ETFs recorded their seventh consecutive day of inflows, totaling $314 million on Tuesday, amid whales rotating $5 billion into tax-deferred swaps.

Crypto Today: Bitcoin, Ethereum, XRP broadly consolidate ahead of the next leg up

Crypto Today: Bitcoin, Ethereum, XRP broadly consolidate ahead of the next leg up

Bitcoin has retained a strong bullish outlook since last week, trading around $79,000 on Wednesday. As the Crypto King consolidates, bulls appear to be mulling another breakout attempt to reclaim $80,000 and push beyond the supply zone at $82,500.

Hyperliquid eyes record high on rising revenue, ETF inflows

Hyperliquid eyes record high on rising revenue, ETF inflows

Hyperliquid is up 4% on Wednesday, with bulls eyeing a new record high above Sunday’s high at $83.30. HYPE-focused ETFs recorded $7.51 million in inflows on Tuesday, up from $5.74 million the previous day.

Bitcoin: The US Treasury saves BTC

Bitcoin: The US Treasury saves BTC

Bitcoin extends gains, trading above $77,000 on Friday after rallying over 20% and reaching its highest level since mid-May. Crypto markets continue to cheer the US Treasury’s decision to double its debt buyback operations, posting their 7th-largest liquidation event in history.