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Cryptocurrencies Price Prediction: Shiba Inu, Gemini & Binance – American Wrap 07 July

Cryptocurrencies Price Prediction: Shiba Inu, Gemini & Binance – American Wrap 07 July
FXStreet TeamFXStreet TeamFXStreet

Shiba Inu holders increase a thousandfold after SHIB lead developer hints at Layer-2 Shibarium launch

Shiba Inu (SHIB) holders have increased a thousandfold over the last 24 hours, indicating increased adoption of the meme coin. The surge comes despite the meme coin’s market value dropping in the same timeframe, crossroads that suggest an external driving force to explain the growing interest.
Winklevoss twins’ Gemini Trust Co has filed a lawsuit against Digital Currency Group (DCG) Inc. and CEO Barry Silbert. Gemini alleges DCG of fraud and deception.
 

Binance CEO Changpeng Zhao addressed the Fear, Uncertainty and Doubt (FUD) among crypto market participants after news of executives leaving the exchange became public. 

BNB/USDT one-day price chart

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Crypto Today: Bitcoin, Ethereum, XRP pare gains despite increasing hopes of upcoming Fed rate cut

Crypto Today: Bitcoin, Ethereum, XRP pare gains despite increasing hopes of upcoming Fed rate cut

Bitcoin (BTC) is steadying above $91,000 at the time of writing on Friday. Resistance at $94,150 capped recovery on Wednesday, but in the meantime, bulls have contained downside risks above $90,000.