The price of Bitcoin 
$75,023 lingers around $102,000 as the Fed’s interest rate decision approaches. Meanwhile, altcoins are painted red, reflecting a downward trend. Technology stocks are experiencing rapid losses due to the shocking introduction of more affordable AI products. With these market fluctuations, what are the updated predictions for SPELL, Ripple 
$1, and Ethereum 
$2,346?
Spell Coin Commentary
While many cryptocurrencies are hitting new lows, Spell Coin’s price surged by 150%. Earlier this month, it traded at $0.0006835, reaching $0.0020799 yesterday, surpassing last year’s peak. Like other cryptocurrencies, it had a sudden spike while nearing last year’s lows. Such exceptional movements can occur prior to a general ascent in altcoins, often influenced by news flow.
Despite the recent increase, it’s important to note that the price remains 97% below the peaks seen during its listing. If the support at $0.001521 can be maintained, we may witness bulls targeting the peaks of $0.0018109 and $0.0020.
Ripple (XRP)
XRP has emerged as one of the best-performing altcoins in recent months, maintaining support at the $3 mark. Although expectations for the conclusion of the lawsuit have dimmed, the SEC is expected to take concrete steps regarding cryptocurrencies in the coming months. The agency is likely to resolve cases unrelated to fraud.
Should Powell make discouraging statements, a potential drop could revisit the $2.92 region. U.S. and EU tech companies are facing declines due to the shock from China’s cheaper and more efficient AI tools.
Last year, we discussed economists commenting on the AI bubble. If China’s moves puncture this bubble, substantial losses could ripple through cryptocurrencies, as BTC-led markets are perceived as technology stocks by investors.
Ethereum (ETH)
Struggling in BTC pairs, ETH remains around the $3,000 zone. For altcoin investors, the ETH chart, which hasn’t closed above $3,400 for months, has become increasingly frustrating.
If ETH closes below the $3,031 support, it may drop to the parallel channel support at $2,759.
