Cryptocurrencies Price Prediction: Solana, Ethereum & Meme Coins — Asian Wrap 02 July

FXStreet Team FXStreet

Meme coin popularity sends Solana's economic value to new all-time high

Solana (SOL) block space profitability reached a new all-time high of over $91 million on Monday, the same day that Pump.fun's cumulative revenue surpassed the $50 million mark. The increased attention towards meme coins in the current bull cycle has partly fueled the growth.

Ethereum's expected July rise threatened by outflows and whale exchange deposit

Ethereum (ETH) is up more than 2% on Monday despite increased outflows across global ETH ETF products and exchange deposits from key whale wallets.

Solana meme coins rally with double-digit gains, Keith Gill sued for securities fraud

Keith Gill, popular as Roaring Kitty, the trader behind the alleged GameStop (GME) stock pump and dump has been slammed with a class action lawsuit. The plaintiff accuses Gill of orchestrating a pump-and-dump scheme and failed to disclose his purchase and sale of GameStop options in May 2024.

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XRP steadies above $1.90 support as fund inflows and retail demand rise

Ripple (XRP) is stable above support at $1.90 at the time of writing on Monday, after several attempts to break above the $2.00 hurdle failed to materialize last week. Meanwhile, institutional interest in the cross-border remittance token has remained steady.

Cardano struggles to extend gains as retail interest wanes despite Midnight's NIGHT token launch

Cardano ticks higher after a bearish weekend, struggling to extend an upcycle within a descending wedge pattern. On-chain data shows an increase in trading volume and user activity after the Midnight side chain token launch.

Crypto Today: Bitcoin, Ethereum recover as XRP remains supported by ETF inflows

Bitcoin is trending up toward the pivotal $90,000 level at the time of writing on Monday, which marks four consecutive days of gains. Altcoins, including Ethereum and Ripple, are also rebounding above key short-term support levels.

Bitcoin nears $90,000 as recovery hopes clash with institutional outflows

Bitcoin is approaching the $90,000 resistance level at the time of writing on Monday, raising hopes of a short-term recovery. However, the bullish recovery is being challenged by weakening institutional demand, as evidenced by outflows from Spot ETFs.

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Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.

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