XRP (XRP) holders are set to receive a share of the upcoming Glacier airdrop for Midnight Blockchain’s utility token, NIGHT – a move that could add fuel to a bullish XRP price prediction.
Eligibility was locked in with a snapshot taken on June 11, marking the wallets that will receive NIGHT tokens once the airdrop goes live.
A total of 1.2 billion NIGHT will be distributed to XRP investors. According to the founder of Cardano, Charles Hoskinson, the XRP allocation will go to holders with an outstanding balance above $100.
Meanwhile, Cardano (ADA) investors will get the largest percentage of NIGHT’s supply (50% in total) followed by Bitcoin (BTC) holders, who will get 30%. The remaining 15% will go to ETH, AVAX, $BNB, and $BAT holders.
The Glacier airdrop, as this token generation event (TGE) was called, has not yet set a claim date.
XRP holders will have 60 days to claim their NIGHT tokens before the Glacier phase ends and will have a second chance at the Scavenger Mine phase in case they missed the first window.
XRP Price Prediction: XRP Needs to Stay Above $3 to Keep Rallying
In the past 7 days, XRP has gone down by 10.4% as the token has pulled back a bit following its latest push to $3.65.
However, XRP has delivered the biggest year-to-date (YTD) gain among the top 5 cryptocurrencies with a 50.8% return.
Looking at the daily chart, we can see that the token’s key area of support is the $3 level at the time. The price has been on a downtrend since it hit the $3.65 resistance and made a double-top at that area.
As long as the $3 support holds, the price action will continue to favor a bullish XRP price prediction. A confirmed breakout of the token’s descending triangle will confirm that positive outlook.
This would require a move above $3.35 in the next few days. The NIGHT airdrop will not influence XRP’s price action at the time as a snapshot was already taken to determine which wallets would get the token.
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The post XRP Price Prediction: Cardano Founder Confirms Huge Airdrop for XRP Holders – Are You Eligible for the 1.2B NIGHT Token Giveaway? appeared first on Cryptonews.
