The cryptocurrency market is seeing changes as XRP gains popularity, Ethereum experiences a drop, and Web3 ai announces a significant giveaway.
XRP Situation and Upcoming Futures
XRP is gaining attention, crossing above its 100-day SMA. Despite the SEC situation, interest in XRP is rapidly increasing. The upcoming launch of CME futures contracts on May 19 is expected to attract institutional investors and create additional trading volume.
Ethereum Drops Below $2,500
Ethereum's price has dropped below $2,500, hovering near $2,320. This occurred after a failed attempt to break resistance at $2,520. Currently, ETH is below its 100-hour SMA, and sellers seem to be in control. A key trend line is forming around $2,540, limiting the upside.
Web3 ai Launch and Major Giveaway
Web3 ai is gaining attention through a massive $777,000 giveaway. Participants can enter with a minimum investment of $100. However, the real interest comes from the announcement of a set of AI-powered tools planned for launch after the giveaway concludes. This positions Web3 ai strongly amid increasing interest.
Thus, XRP shows potential for growth ahead of the futures launch, while Ethereum faces a downturn. Meanwhile, Web3 ai offers a community involvement opportunity through a significant giveaway and hints at future possibilities.
