This week the crypto market is buzzing with events surrounding Ethereum's price fluctuation, upcoming Ripple futures, and Web3 AI's $777K giveaway.
Ethereum's Struggles and Support Levels
Ethereum (ETH) shows signs of weakness after dropping below $2,500 and hitting $2,320. This has raised concerns about further downside, with experts eyeing $2,220 as the next key support level. On the hourly chart, ETH remains below its 100-hour SMA, with a bearish trend line looming near $2,540.
XRP Gains Momentum Ahead of CME Futures Launch
Ripple (XRP) demonstrates a positive shift despite ongoing legal issues. After bouncing from $1.65, XRP has climbed to about $2.65, breaking past its 100-day SMA. The upcoming CME futures launch for XRP has the potential to open new avenues for institutional activity in the market.
Web3 AI's $777K Giveaway and $WAI Token Prospects
Web3 AI's $777,000 giveaway has captured investor attention, requiring users to invest $100 to participate. Ten lucky winners will share the prize pool, but more importantly, they will have early access to a growing project intending to launch AI-based tools.
As Ethereum faces challenges, XRP and Web3 AI appear to be on the rise. The $777K giveaway and the imminent launch of XRP futures could become crucial events in the crypto landscape.
