Cryptocurrencies Price Prediction: Fetch, Injective & Crypto – European Wrap 7 January
|Fetch AI consolidates within a bullish triangle pattern [Video]
Fetch.AI with ticker FETUSD is trading sideways after a completed wave (3) back in March 2024, so it’s most likely moving within a bullish ABCDE triangle pattern in wave (4) that can take a little bit more time before a bullish breakout into a wave (5) in 2025.
Injective Price Prediction: INJ 3.0 upgrade reduces the token supply
Injective (INJ) price extends its gains for the seventh day in a row, trading above $26 on Tuesday after rallying more than 25% the previous week. The announcement of the INJ 3.0 upgrade on Sunday, which focuses on significantly decreasing the token supply, could further fuel the ongoing rally. Moreover, INJ’s on-chain metrics boost the bullish outlook as its Total Value Locked (TVL) and Open Interest (OI) are rising.
Fed's Michael Barr resigns, easing crypto regulation concerns
Michael S. Barr, Vice Chair for Supervision at the Federal Reserve, has announced his resignation from the role but will remain on the Fed's Board of Governors until further notice. Known for his anti-crypto stance, Barr was a key figure behind regulatory crackdowns on stablecoins and vocal opposition to a US Central Bank Digital Currency (CBDC). His departure is expected to ease concerns over potential harsh regulatory changes during President Biden’s final months in office.
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