In recent developments, Fetch.ai has seen its price predictions take a hit amid a significant merger, and GameStop continues its tumultuous journey with a sharp decline in stock value.
Meanwhile, BlockDAG stands out with an impressive presale surge, reaching $50M. Fueled by influential endorsements, groundbreaking keynotes, and the innovative X1 mining app that allows users to mine crypto on their phones, BlockDAG is capturing the crypto community’s attention.
Fetch.ai Price Predictions: Reversal Expected After 24% Drop
Fetch.ai’s price fell 4% in 24 hours and 24% weekly, trading at $1.60 with higher volume. This follows the Fetch.ai, Ocean Protocol, and SingularityNET merger on June 13, and the $FET token renaming to $ASI on June 11.
The price has declined since May, falling below the wedge pattern’s lower boundary. Despite bearish trends and intense selling pressure, indicated by an RSI below 30, bulls are targeting a reversal at the $1.56 support level. If successful, Fetch.ai price predictions suggest it could reach $1.9, aligning with the 50-day SMA.
GameStop Stock Plummets 62% from Recent Peak
GameStop (GME) stock continued its decline, dropping 12% on Monday after a 40% fall on Friday, closing at $24.89, a 62% decrease from its recent peak of $61. This decline also affected meme tokens mimicking GME’s movements, with the Solana-based GME token dropping 25% to $0.01624 after a 200% surge the previous week.
The market cap stood at $112.21 million with a 24-hour trading volume of $110.14 million. Other related tokens, like Roaring Kitty (KITTY) and various cat and dog-themed tokens, experienced losses of 4% to 10%. The volatility began in late May with retail trader Keith Gill’s significant GME positions and corporate decisions impacting investor confidence.
BlockDAG Presale Soar as Experts Endorse the Platform
BlockDAG is experiencing a surge in presale numbers, significantly boosted by endorsements from high-profile crypto experts. These endorsements have captured the attention of a wide audience, leading to an impressive presale performance. In a recent video, crypto expert Dapp Centre praised BlockDAG as an exceptional investment opportunity, dubbing it the “Polygon killer.”
The crypto expert highlighted its DAG structure, which allows for concurrent transaction processing and a proof-of-work consensus mechanism that provides security, safety, and decentralisation. The influencer also praised the first keynote video showcased in Tokyo, which provided detailed insights into its project and products.
He also highlighted the second keynote, launched from the moon, which detailed BlockDAG’s significant milestones, recognition from Forbes and Bloomberg, support from influential crypto voices, more than 50 development updates, and upcoming releases including a DOXing video and a development documentary.
The keynote also showcased the power-saving and efficient X1 mining app, revolutionising mobile mining by transforming smartphones into powerful BDAG coin mining devices. With X1, users can mine up to 20 BDAG per day, equating to $1 upon BDAG’s official launch price of $0.05, and potentially $20 daily when BDAG hits $1 soon.
Final Say
In conclusion, while Fetch.ai’s price faces a bearish trend, the recent merger might catalyse a market reversal. GameStop’s stock continues its volatile journey, reflecting the unpredictability of meme stocks.
BlockDAG, however, is making waves with its surging presale numbers, reaching $50M, and the innovative X1 mining app that allows users to mine crypto on their phones. Recognised by major publications and supported by influential endorsements, BlockDAG is poised to be a significant player in the crypto space.
Invest in the BlockDAG Presale Now:
- Presale: https://purchase.blockdag.network
- Website: https://blockdag.network
- Telegram: https://t.me/blockDAGnetwork
- Discord: https://discord.gg/Q7BxghMVyu
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