Prominent crypto exchange Gate.io has launched a price prediction competition for XRP, calling expert chartists to forecast the asset’s price movement.
In a recent post on X, Gate.io called on experts in crypto technical analysis, urging them to answer the compelling question of where XRP’s price is headed. The exchange noted that participants in the XRP value prediction competition can win up to 1 Ethereum token valued at over $3,709.
📣 Calling all TA Experts!
Where is #XRP heading? 🤔
Share your Technical Analysis now and win up to 1 #ETH Reward!
👉 https://t.co/QvVZdCcneb #Gateio #TATuesday #TechnicalAnalysis #Giveaway pic.twitter.com/s2MuS0YDtn— Gate.io (@gate_io) March 16, 2024
Participating in the XRP Price Guesses Contest
Notably, the XRP price guessing campaign from Gate.io is a weekly contest dubbed “TATuesday.” In this week’s campaign, Gate.io plans to award ten participants, five winners from the technical analysis side and the other five from those who accurately predict XRP’s price by a specific date.
Specifically, in this ongoing round, Gate.io users are to suggest XRP’s exact price with four decimal places by March 19 at 4:00 UTC. On the other hand, technical analysts are to share charts and commentary around the XRP/USDT pair.
The rules for participation include signing up with Gate.io, following their X/Twitter account, and liking and retweeting the contest post. Participants are to submit their entries via the comment section of the contest post.
Furthermore, Gate.io emphasized that only one XRP price guess is valid per comment. Yet, participants can comment with as many price guesses as they choose. Notably, the XRP price guessing campaign commenced on Tuesday, March 12, and will end next Tuesday, March 19, at 04:00 UTC.
Gate.io has promised to award one winner in the technical analysis section 1 ETH worth $3,709. The exchange will also select up to four runner-ups, with prices ranging from $10 to $100 in crypto tokens.
Meanwhile, the winner of the price guessing section gets 0.5 ETH worth $1,854, while four runner-ups get between $5 and $50 in crypto. Successful participants can expect the rewards in their Gate.io exchange wallets within seven working days after the contest’s conclusion.
However, Gate.io stressed that users must execute transactions worth $50 in spot or derivates markets within a week to qualify for the reward.