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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 recovery capped by EMA resistance as network growth moderates

XRP recovery capped by EMA resistance as network growth moderates

Ripple gains momentum and trades above $1.35 on Tuesday, aligning with the broader cryptocurrency market recovery. Crypto majors, including Bitcoin and Ethereum, hold above Monday's weekly lows, suggesting bulls are staging a broad comeback.

Top Altcoins Price Forecast: Ethereum, Ripple, Hyperliquid attempt recovery as bearish risks persist

Top Altcoins Price Forecast: Ethereum, Ripple, Hyperliquid attempt recovery as bearish risks persist

Ethereum recovers above $2,500, up nearly 3% on Tuesday after falling over 3.50% the previous day. Ripple is up 2% on Tuesday, testing a rising support trendline near $1.33 amid risks of a bearish breakout.

Crypto Today: Bitcoin, Ethereum, XRP edge higher despite capital outflows via ETFs

Crypto Today: Bitcoin, Ethereum, XRP edge higher despite capital outflows via ETFs

Cryptocurrency prices are broadly recovering on Tuesday, as bulls stage a comeback. Bitcoin leads the bullish return, rising above $84,000 ahead of the US CPI report on Wednesday. Altcoins, including Ethereum and Ripple, appear neutral to bullish.

Bitcoin rebounds despite cautious sentiment

Bitcoin rebounds despite cautious sentiment

Bitcoin rebounds over 2%, trading above $83,500 at the time of writing on Tuesday, recovering the losses from the previous day. Institutional demand shows signs of weakness, with spot ETFs recording $65.40 million outflows on Monday, while Strategy added 250 BTC to its reserve.

Bitcoin: Uptober or Rektober?

Bitcoin: Uptober or Rektober?

Bitcoin (BTC) price is down over 4% so far this week, trading below $83,000 at the time of writing on Friday as mounting selling pressure threatens to derail the seasonal “Uptober” rally. Profit-taking, a surge in long liquidations and weakening demand from institutional investors are weighing on BTC.