Fetch.ai (FET) Price Predictions 2022: Hope for Rebound After 24% Fall, BlockDAG Presale Skyrockets with Endorsements from Crypto Gurus

Recent events have shown a downturn in Fetch.ai's market predictions amidst a notable merger, while GameStop's shares have continued to plummet.

Recent market movements have seen Fetch.ai facing a downturn in market predictions as its price continues to drop. Meanwhile, GameStop's stock has seen a drastic decline, impacting meme tokens tracking its movements. On the other hand, BlockDAG's presale has seen a remarkable rise, hitting the $51.1M mark. This surge is largely attributed to high-profile crypto endorsements, innovative presentations, and the introduction of the X1 mining app.

As Fetch.ai's price dropped by 4% in 24 hours and 24% over the week, it now trades at $1.60 amid increased activity. This follows the union of Fetch.ai with Ocean Protocol and SingularityNET on June 13 and the renaming of the $FET token to $ASI on June 11. The decline began in May, slipping below the wedge pattern's lower edge.

Despite a bearish outlook and heavy selling pressures, evident from an RSI below 30, the market's bulls are eyeing a bounce back at the $1.56 support level. If this support holds, Fetch.ai could rise to $1.9, matching the 50-day SMA.

Continuing its turbulent ride, GameStop's (GME) stock fell further by 12% on Monday following a 40% slide on Friday, closing at $24.89—a steep drop from its recent high of $61, indicating a 62% decline. This downturn also impacted meme tokens that track GME's movements.

The Solana-based GME token, for instance, fell by 25% to $0.01624 after a 200% surge the week before. The company's market cap stood at $112.21 million, with a 24-hour trading volume of $110.14 million.

Other linked tokens, like Roaring Kitty (KITTY) and various pet-themed tokens, also experienced losses ranging from 4% to 10%. This instability began in late May following retail trader Keith Gill's substantial investments in GME and the company's actions that influenced investor confidence.

BlockDAG's presale is experiencing a dramatic increase, largely driven by praise from leading crypto experts. This strong endorsement has broadened its appeal, leading to stellar presale results.

A recent commendation by crypto influencer Dapp Centre highlighted BlockDAG as a formidable competitor to Polygon, emphasizing its potential. The influencer praised its DAG architecture for enabling parallel transactions and a proof-of-work consensus model that ensures robust security and decentralization.

The initial keynote in Tokyo was also lauded for providing comprehensive insights into its plans and products. A second keynote, broadcast from the moon, outlined BlockDAG's key achievements, accolades from Forbes and Bloomberg, support from key crypto figures, over 50 development updates, and forthcoming releases, like a DOXing video and a development documentary.

This presentation also featured the energy-efficient X1 mining app, a breakthrough in mobile mining that converts smartphones into potent BDAG coin mining tools. With X1, individuals can mine up to 20 BDAG daily, which could translate to $1 at BDAG's initial launch price of $0.05, and potentially $20 daily if BDAG reaches $1 in the near future.

While Fetch.ai navigates a downturn, its recent merger could spark a market turnaround. GameStop's stock continues its unstable trajectory, highlighting the unpredictable nature of meme stocks.

Meanwhile, BlockDAG is capturing headlines with its soaring presale figures, reaching $51.1M, and its innovative X1 mining app that enables smartphone crypto mining. Backed by major media mentions and influential endorsements, BlockDAG is set to become a major force in the crypto landscape.

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

News source：https://www.kdj.com/cryptocurrencies-news/articles/fetchai-fet-price-predictions-hope-rebound-fall-blockdag-presale-skyrockets-endorsements-crypto-gurus.html

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