The crypto market is experiencing interesting times, with Ethereum's activity cooling and XRP's price prediction hitting a standstill. Let's explore the current status of these assets.
Ethereum Situation: Activity Cooling Off
The short-term price of Ethereum (ETH) is hovering around $2,540 with slowing momentum. Indicators show that ETH is close to overbought territory, which may signal a forthcoming corrective movement. If the price doesn't break above $2,700, analysts predict a potential drop to $2,300 or even $2,100.
XRP Price Prediction: Stuck in Range
The XRP price prediction remains neutral with a slight bullish sentiment. Since mid-May, XRP's price has fluctuated between $2.28 and $2.45, unable to break through resistance at $2.50. If the volume remains low, XRP could drop to $2.20. Conversely, if market interest increases, XRP may target $2.60.
BlockDAG's Strategic Offer
BlockDAG has launched its 'Double Your BDAG' offer. This campaign allows users who contribute over $200 to double their BDAG by adding just 50% more to their investment. This creates opportunities for a significant increase in overall allocation volume. So far, BlockDAG has reported raising over $264 million.
The cryptocurrency market remains uncertain, with Ethereum potentially facing a downturn and XRP caught in a range. However, proposals from BlockDAG could attract investor interest ahead of significant events in the market.
