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Here’s What Could Happen To Ethereum and Bitcoin If GoodEgg Releases AI Social Scoring System
As the cryptocurrency world closely watches developments surrounding major tokens like Bitcoin (BTC) and Ethereum (ETH), a new player is emerging with the potential to disrupt the market: GoodEgg (GEGG). The innovative crypto project is gaining attention for its upcoming AI-powered Social Scoring System, which could have significant implications for the future of both Bitcoin and Ethereum.
The Pressure of GoodEgg’s AI Social Scoring System on a Sluggish Ethereum (ETH)
Ethereum (ETH), known for its smart contract functionality and being the backbone of decentralized applications, has been in a prolonged downtrend recently. This has put pressure on the token, with many investors watching how broader economic factors like interest rate decisions will affect it. As we await the upcoming Federal Reserve and European Central Bank interest rate announcements, Ethereum’s (ETH) performance remains uncertain.
However, the introduction of GoodEgg (GEGG)’s AI Social Scoring System could provide a new level of interaction within the crypto space, which might draw users away from established blockchain platforms like Ethereum (ETH). The system aims to incorporate AI algorithms that assess user engagement and behavior, offering rewards through GoodEgg (GEGG) tokens for positive social interactions. This integration of AI into a crypto platform could enhance GoodEgg (GEGG)’s appeal, positioning it as a competitor to Ethereum (ETH)-based dApps that have yet to implement similar functionality.
Moreover, Ethereum has been struggling with scalability issues and high gas fees, while GoodEgg’s leaner infrastructure and innovative AI system may offer a more cost-effective solution for users looking to earn rewards for social interaction. If GoodEgg (GEGG) continues to attract a growing user base through its AI system, it could lead to a shift in focus from Ethereum (ETH)-based platforms to GoodEgg (GEGG).
Bitcoin’s (BTC) Continues to Dominate Amid the Insurgence of New Coins like GoodEgg (GEGG)
Bitcoin (BTC), the market leader and primary store of value in the crypto space, has also experienced a significant price decline in recent months. Like Ethereum (ETH), Bitcoin (BTC) has been trapped in a downward trend, but its dominance remains strong due to its reputation as the safest investment in the volatile crypto market.
The introduction of GoodEgg (GEGG)’s AI-powered Social Scoring System might not immediately threaten Bitcoin’s (BTC) position, but it could still have an impact. GoodEgg (GEGG)’s appeal lies in its fusion of AI and cryptocurrency, which creates new opportunities for user engagement, rewards, and gamification in the digital economy. This offers a level of interactivity that Bitcoin (BTC) lacks, which could attract a younger, tech-savvy audience to the GoodEgg (GEGG) ecosystem.
That being said, Bitcoin (BTC) remains a stronghold for those looking for long-term value and a hedge against inflation. The anticipated interest rate cuts from the Federal Reserve could provide a temporary boost to Bitcoin (BTC), pushing it towards the $85,000 mark if the trend holds. GoodEgg (GEGG), however, offers a new avenue for speculative growth, particularly in the burgeoning space of AI and crypto integration, which might attract investors seeking innovation beyond traditional cryptocurrency roles.
Social-Fi Use Cases Appeal to Investors Seeking a New Horizon
With just a few days left before the critical interest rate decisions by the Federal Reserve and European Central Bank, investors in Bitcoin (BTC) and Ethereum (ETH) are on edge. As both tokens struggle to regain upward momentum, GoodEgg (GEGG) is positioning itself as an innovative alternative that integrates AI technology with social interaction in a way that hasn’t been fully explored by other major cryptocurrencies.
The AI-powered Social Scoring System proposed by GoodEgg (GEGG) presents a novel use case, which could create a strong niche in the market. While Bitcoin (BTC) continues to dominate as a store of value and Ethereum holds its position in decentralized applications, GoodEgg’s unique combination of AI and meme-coin culture might open up new pathways for user engagement and investment opportunities. This could appeal to those looking for more interactive and rewarding crypto experiences.
Growth of Bitcoin, Ethereum Sustain Stable Market for GoodEgg (GEGG) Innovation
In the coming weeks, Bitcoin (BTC) may see a rally if it manages to stay above key support levels, with targets set around $85,000. Meanwhile, Ethereum (ETH) could face a longer path to recovery, with $4,100 being its next major resistance point. However, the emergence of GoodEgg (GEGG) and its AI-powered Social Scoring System presents a new contender in the crypto space. By integrating AI technology with social engagement, GoodEgg (GEGG) could attract users looking for more interactive, rewarding experiences.
As GoodEgg (GEGG) continues to develop, it has the potential to carve out its niche, possibly influencing both Bitcoin (BTC) and the future of Ethereum (ETH) trajectories. For investors, balancing between the stability of Bitcoin (BTC), the innovation of Ethereum (ETH), and the fresh opportunities presented by GoodEgg (GEGG) could prove to be a smart strategy in the evolving crypto market.
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Cardano price is repeating a pattern from 2024 that experts say is a signal for a massive pump in the coming weeks. While present figures are largely underwhelming for ADA, investors are brimming with confidence for a strong reversal in the near future.
Cardano Price Can Reach $2.5 In May
According to pseudonymous cryptocurrency analyst Master Kenobi, Cardano price is exhibiting cyclical behavior. In a post on X, Master Kenobi notes that ADA’s consolidation in recent days mirrors its price action from Q3 of 2024.
At the time, Cardano’s price suffered a steep correction in early August and endured a lengthy consolidation period before rallying. Presently, Cardano’s price is consolidating after the deep in early February that sent prices to $0.49.
“ADA is currently in a consolidation phase that resembles its behavior from August-September 2024,” said Master Kenobi. “Since the dip on August 5, it hasn’t recorded a new low – just as it hasn’t now, following the dip on February 3.”
According to Master Kenobi, a lengthy consolidation phase will be the precursor for an impressive rally for Cardano’s price. The analyst theorizes that the incoming rally will send Cardano to impressive levels in May. In the short term, analysts are eyeing ADA to hit $1, citing rising whale activity and positive fundamentals.
“If this pattern holds, May could bring a massive pump, potentially pushing the price toward $2.5,” said Master Kenobi.
ADA Ripples With Bullish Activity
At the moment, Cardano price is trading at $0.6646, a far cry from its all-time high of $3.10. Despite the lull in price action, the ecosystem is brimming with bullish activity for higher valuation.
Investors have their eyes on $10 after ADA outperformed top S&P 500 companies in a strong show of resilience. Futhermore, increased whale activity in the space is signaling an impending rally for ADA as community sentiment reaches an all-time high.
Analysts have opined that an ADA rally to $10 is not a crazy prediction, citing a slew of positive fundamentals for the network. However, pundits are urging investors to brace for multiple corrections in the march to reach a valuation of $10.
Aliyu Pokima
Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he’s not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Crypto analyst Egrag Crypto has again provided a bullish outlook for the XRP price. This time, he alluded to historical trends to explain why the altcoin can hit a new all-time high (ATH) in 90 to 120 days.
Why The XRP Price Can Hit ATH In 90 To 120 Days
In an X post, Egrag Crypto alluded to historical patterns to explain why the XRP price can hit a new ATH in the next 90 to 120 days. He noted that the RSI chart shows important historical patterns and stated that the altcoin usually has two peaks during its bull runs.
The crypto analyst further revealed that in 2021, the second peak occurred after 90 days, while in 2017, it occurred after 120 days. Based on this, Egrag Crypto affirmed that this historical timeframe provides market participants with a potential for a “great opportunity,” hinting at the altcoin hitting a new ATH.
In another post, he raised the possibility of the XRP price reaching a new ATH of $3.9 by May. This came as he identified an Inverse Head and Shoulder pattern, which was forming for the altcoin. The crypto analyst stated that the measured move is $3.7 to $3.9.
For now, an XRP analysis has shown that the altcoin is struggling at $2.15 amid regulatory uncertainty over SEC Chair nominee Paul Atkins. In his update on this Inverse Head and Shoulder pattern, Egrag Crypto remarked that a close above $2.24, the Fib 0.888, is the next minor target. He affirmed that the pattern is still unfolding as anticipated.
Ripple’s Native Token Could Still Drop Below $2
Crypto analyst Dark Defender has predicted that the XRP price could still drop below $2 before the next leg up. In an X post, he stated that Ripple’s native token is in the 4th Wave of the Monthly Elliott Wave structure.
His accompanying chart showed that XRP could drop to as low as $1.88 on this Wave 4 corrective move. Once that is done, the altcoin will witness its next leg up, rallying to as high as $5.8, which would mark a new ATH.
Dark Defender assured that Wave 4 will end soon and that XRP will continue to reach its targets. The crypto analyst recently affirmed that the altcoin is the “one” and explained why it would dominate Bitcoin and Ethereum.
Crypto analyst CasiTrades also suggested that XRP could further decline before its next leg to the upside. She noted that after the drop to $2.27, the altcoin showed no bullish RSI divergence, which signaled that the drop wasn’t quite done yet.
She added that the coin is now likely heading down to test the 0.618 golden retracement at $2.17, or possibly the golden pocket at $2.15 for a final low before “lift-off.” However, CasiTrades also mentioned that RSI is starting to build the bullish divergence and that the selling pressure is exhausting.
Boluwatife Adeyemi
Boluwatife Adeyemi is a well-experienced crypto news writer and editor who has covered topics that cut across several topics and niches. Boluwatife has a knack for simplifying the most technical concepts and making it easy for crypto newbies to understand. Away from writing, He is an avid basketball lover, a traveler and a part-time degen.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Gemini, the crypto exchange founded by the Winklevoss twins, is promoting its previously launched XRP cashback program, which offers crypto rewards to users. This initiative allows eligible participants to earn rewards on their XRP transactions. Here’s a look at the program details and the steps required to join.
Gemini Founder Unveils XRP Cashback Rewards
On March 27, Tyler Winklevoss reminded the XRP community and Ripple army on X (formerly Twitter) that they can earn rewards in the token whenever they use the Gemini Credit Card for purchases. The Gemini credit card, launched in partnership with Mastercard in 2021, allows users to choose cryptocurrencies from Bitcoin, Ethereum, XRP, and over 50 other digital assets for cashback.
Since adding XRP to its long portfolio of crypto cashback offerings in August 2023, Gemini has continued to support the third-largest cryptocurrency as an option for crypto enthusiasts. The Credit Card reward information announced by Winklevoss was well received by the XRP community.
He explained that the Gemini Credit Card allows users to earn crypto back each time they spend fiat. He clarified that this feature is only available to residents in the United States (US) currently. The Gemini founder also revealed that he has been using the Credit Card for years and has had a great experience accumulating significant crypto rewards from the cashback program.
Gemini’s Credit Card offers tiered cashback rates depending on the purchase categories. A 4% XRP cashback is offered on gas and EV charging, with up to $200 monthly. A 1% XRP cashback is available for fuel and EV charging after exceeding the monthly limit. Finally, a 3%, 2%, and 1% XRP cashback is provided for dining, groceries, and other purchases, respectively.
As XRP continues to push for widespread adoption, this Gemini cashback reward program strengthens its utility and encourages greater usability and investments.
Notably, Gemini isn’t the only crypto exchange embracing XRP in its rewards programs. Platforms like WhiteBIT and Bit2Me have also introduced similar programs. By offering an XRP cashback, Gemini and other crypto exchanges can make crypto more accessible, encourage faster adoption, and reinforce XRP’s role as a digital payment solution.
How To Participate In Gemini’s XRP Cashback
Gemini has specified that users interested in earning XRP rewards from Gemini’s cashback program must first qualify for the exchange’s Credit Card, which depends on their credit score. Approved applicants must secure their cards by June 30, 2025, to participate in the promotional offer.
The crypto exchange also stated that new cardholders could earn up to $200 in XRP cashback if they spend at least $3,000 within the first 90 days. Once earned, the XRP reward will be automatically deposited into their trading accounts on Gemini, enabling users to hold, trade, or sell whenever they wish. The Credit Card also comes with no extra annual, exchange, or foreign transaction fees, allowing crypto users to grow their portfolios continually.
Featured image from SCMP, chart from TradingView
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