Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => XRP - Ripple Forum => Topic started by: MrSpasybo on February 21, 2024, 08:04:49 PM
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The crypto market has grown strongly after the BTC Spot ETF was approved on January 11, 2024[1], while the ETH Spot ETF is under consideration[2]. However, the crypto market seems to have forgotten that the XRP Spot ETF may also appear soon because like BTC, XRP is also not a security. This was clearly established when Ripple won SEC lawsuit in July 2023[3].
But it looks like we won't have to wait too long for the XRP Spot ETF because Ripple also doesn't want to miss out on the opportunity to have a Spot ETF. Unlike Cathie Wood's view that the SEC will only approve BTC and ETH Spot ETF[4], Brad Garlinghouse, Ripple's CEO, believes that various token-based ETFs are inevitable and will play a crucial role in diversifying investment risks within the crypto market.
"Brad Garlinghouse, the CEO of financial technology company Ripple Labs, has disclosed that the crypto solutions provider and developer of the Ripple payment protocol would welcome a spot exchange-traded fund (ETF) for the network’s native token, XRP[5]".
I don't think we should have a few dozen Crypto Spot ETF products on the market, it might confuse traditional investors, but XRP Spot ETF absolutely deserves to exist alongside BTC & ETH Spot ETFs. BTC is the crypto king, ETH is the altcoins leader, and XRP leads the crypto-bank trend and has dozens of partners and customers globally[6]. Founded in 2012, Ripple Labs stands as one of the earliest blockchain innovators, predating Ethereum and trailing only Bitcoin in its establishment[7], Ripple is truly a giant in the crypto market and XRP has consistently been in the top 10 Coinmarketcap over the past decade.
I predict that as soon as the ETH Spot ETF is approved in May of this year, we will start to hear the story of the XRP Spot ETF and an extremely impressive new growth journey for the XRP token. I expect XRP to make a new ATH in 2025 at a price higher than $3.3 of January 2018.
Are you waiting for information about XRP Spot ETF? Will you support this new Spot ETF product? If it will be approved, which impact will XRP Spot ETF have on the XRP token price?
[1] Bitcoin ETFs Approved: The Industry Reacts (https://www.coindesk.com/consensus-magazine/2024/01/10/bitcoin-etfs-approved-the-industry-reacts/)
[2] Ethereum ETF Applications Await SEC Decision (https://en.coin-turk.com/ethereum-etf-applications-await-sec-decision/)
[3] Breaking: Judge rules XRP is not a security in SEC's case against Ripple (https://cointelegraph.com/news/ripple-wins-case-against-sec-as-judge-rules-xrp-is-not-a-security)
[4] Ark’s Cathie Wood says SEC probably will only approve BTC and ETH ETFs (https://cryptoslate.com/arks-cathie-wood-says-sec-probably-will-only-approve-btc-and-eth-etfs/)
[5] Ripple CEO Says Firm is Open to Welcoming a Spot XRP ETF (https://cryptopotato.com/ripple-ceo-says-firm-is-open-to-welcoming-a-spot-xrp-etf/)
[6] Ripple: Customers (https://ripple.com/customers/)
[7] CFI: Ripple (https://corporatefinanceinstitute.com/resources/cryptocurrency/ripple)
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I predict that as soon as the ETH Spot ETF is approved in May of this year, we will start to hear the story of the XRP Spot ETF and an extremely impressive new growth journey for the XRP token. I expect XRP to make a new ATH in 2025 at a price higher than $3.3 of January 2018.
Are you waiting for information about XRP Spot ETF? Will you support this new Spot ETF product? If it will be approved, which impact will XRP Spot ETF have on the XRP token price?
Currently, the new cash flow only focuses on BTC Spot ETF, a small part focuses on ETH Spot ETF, no fund has submitted an application to have XRP Spot ETF even though XRP was ruled not to be a security last year. It seems that large institutions cannot yet trust XRP, or at least do not believe in demand from retail investors for XRP-based ETF products.
Now, we also need to focus on the possibility of the ETH Spot ETF being approved. We should not wait for the XRP Spot ETF yet. Only when a fund applies will we need to pay attention.
If Ripple wanted to, it would not be easy to introduce the XRP Spot ETF itself because Ripple is not an investment fund, not reputable in securities management like BlackRock, not many people would want to buy XRP Spot ETF.
Investors would rather buy and keep XRP on the market, which seems safer than XRP Spot ETF 8)
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Putting lots of salt to SEC's wound ;D? Anyway, I think Ripple has enough backing to start the XRP spot ETF ball rolling. I personally do not care as a crypto user but I'll definitely watch the development of this as an investor. If ETH will be approved, I doubt it will stop there.
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I predict that as soon as the ETH Spot ETF is approved in May of this year, we will start to hear the story of the XRP Spot ETF and an extremely impressive new growth journey for the XRP token. I expect XRP to make a new ATH in 2025 at a price higher than $3.3 of January 2018.
Are you waiting for information about XRP Spot ETF? Will you support this new Spot ETF product? If it will be approved, which impact will XRP Spot ETF have on the XRP token price?
There can be a possibility for XRP ETF but this may not be coming this year especially that the country is entering the election period and SEC might choose to stall things for a while as they open up the possibility of new people coming in or a new administration can be sworn in come January 20. However, this is just my personal opinion. We have to take note that I think the market is more excited with the ETF for Ethereum compared to XRP and I don't know why...can it be because XRP has already lost of its shine in the local market as it is struggling to take advantage of the ongoing bullish sentiment experienced by BTC, ETH and other leading alts? At any rate, since I do have some XRP hidden somewhere, I would gladly welcome an ETF for XRP as it can propel XRP for new heights that many hope can be able it to shatter its old ATH record.
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I predict that as soon as the ETH Spot ETF is approved in May of this year, we will start to hear the story of the XRP Spot ETF and an extremely impressive new growth journey for the XRP token. I expect XRP to make a new ATH in 2025 at a price higher than $3.3 of January 2018.
Are you waiting for information about XRP Spot ETF? Will you support this new Spot ETF product? If it will be approved, which impact will XRP Spot ETF have on the XRP token price?
There can be a possibility for XRP ETF but this may not be coming this year especially that the country is entering the election period and SEC might choose to stall things for a while as they open up the possibility of new people coming in or a new administration can be sworn in come January 20. However, this is just my personal opinion. We have to take note that I think the market is more excited with the ETF for Ethereum compared to XRP and I don't know why...can it be because XRP has already lost of its shine in the local market as it is struggling to take advantage of the ongoing bullish sentiment experienced by BTC, ETH and other leading alts? At any rate, since I do have some XRP hidden somewhere, I would gladly welcome an ETF for XRP as it can propel XRP for new heights that many hope can be able it to shatter its old ATH record.
Yes, I think an altcoin ETF will follow soon, once a bitcoin ETF is approved. An ethereum ETF is in the works and perhaps we will hear ETF ripples. but maybe it will be postponed for the ripples as you said, there is an election going on there.
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There can be a possibility for XRP ETF but this may not be coming this year especially that the country is entering the election period and SEC might choose to stall things for a while as they open up the possibility of new people coming in or a new administration can be sworn in come January 20. However, this is just my personal opinion. We have to take note that I think the market is more excited with the ETF for Ethereum compared to XRP and I don't know why...can it be because XRP has already lost of its shine in the local market as it is struggling to take advantage of the ongoing bullish sentiment experienced by BTC, ETH and other leading alts? At any rate, since I do have some XRP hidden somewhere, I would gladly welcome an ETF for XRP as it can propel XRP for new heights that many hope can be able it to shatter its old ATH record.
I also think that the possibility of having an XRP Spot ETF is not really high, because XRP is not really famous and has a large community like before the SEC lawsuit. Attention and cash flow are still only focused on BTC and ETH, XRP has not been able to break out to affirm its position in this market.
If possible, Ripple should launch plans for an XRP Spot ETF after XRP creates a new ATH. Then, FOMO will help XRP have greater demand from users, the SEC will have a reason to consider and approve the XRP Spot ETF. Even so, the SEC still doesn't like Ripple and XRP ^^
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There can be a possibility for XRP ETF but this may not be coming this year especially that the country is entering the election period and SEC might choose to stall things for a while as they open up the possibility of new people coming in or a new administration can be sworn in come January 20. However, this is just my personal opinion. We have to take note that I think the market is more excited with the ETF for Ethereum compared to XRP and I don't know why...can it be because XRP has already lost of its shine in the local market as it is struggling to take advantage of the ongoing bullish sentiment experienced by BTC, ETH and other leading alts? At any rate, since I do have some XRP hidden somewhere, I would gladly welcome an ETF for XRP as it can propel XRP for new heights that many hope can be able it to shatter its old ATH record.
For the time being, I also only follow ETH spot ETF and its impact on the general market, because ETH ETF is the focus right after the halving. Although XRP has great potential, it is still entangled in the remaining small lawsuit related to Ripple selling XRP to large investors as a contract. XRP spot ETF will also be a good suggestion for the future for XRP to return to the capitalization race and regain the glory forgotten in the previous season.
I'm more waiting for Ripple's IPO, when Ripple can issue shares like Coinbase's Coin, helping to attract direct investment capital instead of having to go through ETFs like BTC or ETH. This option is more feasible and can be implemented in the short term, but XRP spot ETH has not been proposed yet so we do not need to expect too much.
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If possible, Ripple should launch plans for an XRP Spot ETF after XRP creates a new ATH. Then, FOMO will help XRP have greater demand from users, the SEC will have a reason to consider and approve the XRP Spot ETF. Even so, the SEC still doesn't like Ripple and XRP ^^
How would they plan to launch an ETF though? Are you suggesting they create a new company to issue the submission to the SEC? Even if they have the time and money to do that, why not ask Grayscale or somebody else to create it for them? Then again I doubt Grayscale is interested in launching an ETF on a coin with ongoing or past legal battles with the SEC. I honestly doubt FOMO from retail is why the SEC gives a green light to any ETF, is there any research that shows this is the case? I'm aware of public comments on any proposal, but I doubt its impact on SEC decision-making.
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I also think that the possibility of having an XRP Spot ETF is not really high, because XRP is not really famous and has a large community like before the SEC lawsuit. Attention and cash flow are still only focused on BTC and ETH, XRP has not been able to break out to affirm its position in this market.
If possible, Ripple should launch plans for an XRP Spot ETF after XRP creates a new ATH. Then, FOMO will help XRP have greater demand from users, the SEC will have a reason to consider and approve the XRP Spot ETF. Even so, the SEC still doesn't like Ripple and XRP ^^
Exactly. They have to first resolve all the issues with the SEC + in their current situation accepting ETFs is something unrealistic (my personal opinion). Globally, the adoption of spot ETF-ETH is more likely to happen. And in ot with other cryptocurrencies, as ambiguous as possible.
P.S. Yes, I could be wrong + the SEC is as unpredictable a campaign as possible. Only time will tell who was right. But if this event does (someday) happen, the price will be manipulated as much as possible. Whoever is more cunning will be able to make money. In the meantime, let's watch the news and lock in interest yields where possible. 8)
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Exactly. They have to first resolve all the issues with the SEC + in their current situation accepting ETFs is something unrealistic (my personal opinion). Globally, the adoption of spot ETF-ETH is more likely to happen. And in ot with other cryptocurrencies, as ambiguous as possible.
P.S. Yes, I could be wrong + the SEC is as unpredictable a campaign as possible. Only time will tell who was right. But if this event does (someday) happen, the price will be manipulated as much as possible. Whoever is more cunning will be able to make money. In the meantime, let's watch the news and lock in interest yields where possible. 8)
I can't buy XRP Spot ETF in the US and I don't really expect it in this cycle, currently the crypto community is only tracking data on BTC Spot ETF and waiting for approval for ETH Spot ETF this year. I just think that XRP has emerged from the lawsuit with the SEC in a winning position, it will need a narrative compelling enough to attract capital from this market and XRP Spot ETF is one of the possibilities to take advantage of the "XRP is not a security" info.
The SEC is trying to slow down the development of the crypto market, but if Trump wins this year, we may have a new SEC chairman and the SEC's view of this market will change. At that time, the opportunity for XRP Spot ETF will increase. I quite like XRP so I will hope for the best for this token.
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Putting lots of salt to SEC's wound ;D? Anyway, I think Ripple has enough backing to start the XRP spot ETF ball rolling. I personally do not care as a crypto user but I'll definitely watch the development of this as an investor. If ETH will be approved, I doubt it will stop there.
Haahaha , yeah this makes the closeness of SEC and Ripple team more flavorful :D ;)
but indeed that Ripple has enough reason to be awarded an approval of ETF so after Ethereum ETF then may we expect this XRP following .
Hope to happen any time soon after ethereum.
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I can't buy XRP Spot ETF in the US and I don't really expect it in this cycle, currently the crypto community is only tracking data on BTC Spot ETF and waiting for approval for ETH Spot ETF this year. I just think that XRP has emerged from the lawsuit with the SEC in a winning position, it will need a narrative compelling enough to attract capital from this market and XRP Spot ETF is one of the possibilities to take advantage of the "XRP is not a security" info.
The SEC is trying to slow down the development of the crypto market, but if Trump wins this year, we may have a new SEC chairman and the SEC's view of this market will change. At that time, the opportunity for XRP Spot ETF will increase. I quite like XRP so I will hope for the best for this token.
I don't think it's realistic yet. The SEC is not going to give the XRP team that opportunity. Besides, they haven't fully resolved the litigation. + Haven't seen information and initiative again from the team that they are ready to apply for ETF approval etc. If something like this happens, at any rate the SEC won't miss an opportunity. As always price manipulation + investor intimidation. Everything that was tweeted during the adoption of the BTC-ETF will be similar with other assets. ;D
P.S. All the SEC is interested in is making money/scaring/taking it away.
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I don't think it's realistic yet. The SEC is not going to give the XRP team that opportunity. Besides, they haven't fully resolved the litigation. + Haven't seen information and initiative again from the team that they are ready to apply for ETF approval etc. If something like this happens, at any rate the SEC won't miss an opportunity. As always price manipulation + investor intimidation. Everything that was tweeted during the adoption of the BTC-ETF will be similar with other assets. ;D
P.S. All the SEC is interested in is making money/scaring/taking it away.
We will wait together, XRP Spot ETF is just one of many ways that Ripple can use to revive XRP in this cycle, they don't want to miss it like what happened in 2021. If there is no XRP Spot ETF, we can see something newer like new application potential, extremely large partners or Ripple's IPO in the US market. I don't think the current SEC lawsuit can have a significant impact on XRP's development and its potential in the market. Ripple is still a giant, they have a tradition of pumping XRP price extremely crazy in previous cycles. I really look forward to their actions in this cycle to make the crypto market more vibrant ;D
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Isn't that dangerous? Will this be controversial?
As far as I know, Ripple is a centralized coin, at any time Ripple coins held in various wallets can be frozen.
If the ETF opens trading for Ripple coins then be prepared for the manipulation that will be provided by the Ripple coin Dev which will later impact the trading of Ripple coins in the ETF.
It is too risky for Ripple to be traded on the ETF market, for Bitcoin also recently there were a lot of policy considerations that were needed so that it could be accepted on the ETF.
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Since bitcoin ETF had been approved and now we are having the pursuant after that of Ethereum as well to get approved sometimes in the near future, that means any other cryptocurrency can also make an application for approval since it has to be extended also to the alts currencies and XRP is not a type that could be low rated in choosing the most recognized altcoins, if Ethereum is considered later, then we should expect XRP as well altogether.
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Since bitcoin ETF had been approved and now we are having the pursuant after that of Ethereum as well to get approved sometimes in the near future, that means any other cryptocurrency can also make an application for approval since it has to be extended also to the alts currencies and XRP is not a type that could be low rated in choosing the most recognized altcoins, if Ethereum is considered later, then we should expect XRP as well altogether.
I saw some news saying that the SEC was withdrawing its decision and reconsidering whether to accept Ehtereum into the ETF or not, because there were several problems that had to make the SEC review it, Ethereum was too dangerous to enter the ETF list.
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I saw some news saying that the SEC was withdrawing its decision and reconsidering whether to accept Ehtereum into the ETF or not, because there were several problems that had to make the SEC review it, Ethereum was too dangerous to enter the ETF list.
Current Spot ETF attention is on ETH. Although the SEC may be looking for a way to reject it, I don't think they will be successful because they don't dare to declare ETH a security to confront the CFTC, and the ETH future price is closely following the ETH spot price. I think ETH Spot ETFs will be approved this year, and then we can think about XRP Spot ETFs because XRP is also not a security.
Everything depends on the decision of large funds like BlackRock and Fidelity. Currently, they are only focused on BTC and ETH because they have a large community, large liquidity, and are extremely popular in the crypto market. XRP does not have such a good position, it is not even as popular as SOL or DOGE. I just hope that Ripple can do something interesting in this cycle to bring XRP back to popularity and the ability to increase in price strongly ::)
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I'm not sure. because ethereum alone will probably not be approved or in this case most likely rejected. Because there are already signs like that. It isn't easy for altcoins to get ETF approval. So, we may not see closer the XRP ETF. It needs more time to make it true and approved. Well this is related to certain regulation. and none can force it. But hopefully someday, it will be really here, f=not only for XRP but also for more top altcoins. Maybe it must be started by the Ethereum at first. Although it is still difficult.
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I'm not sure. because ethereum alone will probably not be approved or in this case most likely rejected. Because there are already signs like that. It isn't easy for altcoins to get ETF approval. So, we may not see closer the XRP ETF. It needs more time to make it true and approved. Well this is related to certain regulation. and none can force it. But hopefully someday, it will be really here, f=not only for XRP but also for more top altcoins. Maybe it must be started by the Ethereum at first. Although it is still difficult.
Everything has changed after a few weeks. Now that we know the SEC is investigating ETH with the aim of proving that ETH is a security, I am no longer expecting that ETH Spot ETFs can be approved this year. It is possible that Gary Gensler will do something unexpected for the crypto market before leaving his position as SEC chairman, such as rejecting ETH Spot ETFs. If this happens, we will have a major disruption in the crypto market, but interest could shift to XRP and products like XRP Spot ETFs because XRP has been determined not to be a security.
For other top ALTS like SOL or ADA, many investors also want Spot ETFs for them, but for now it's not really that important because their legal nature is still not clearly defined. I also think the market only needs a few Spot ETFs of the top commodity ALTS like BTC, ETH, and XRP.
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I know folks need materials but funny how we keep hyping something that never existed while the price continues to go down.
And if my magic ball is correct, No one wants to apply for this, and a 0% chance of approval ;D
XRP isn't relevant anymore and likely won't see much upside compared to newer L1 or L2.
And I am sure BlackRock or others would not list the No.7 coin and a small market cap.
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I know folks need materials but funny how we keep hyping something that never existed while the price continues to go down.
And if my magic ball is correct, No one wants to apply for this, and a 0% chance of approval ;D
XRP isn't relevant anymore and likely won't see much upside compared to newer L1 or L2.
And I am sure BlackRock or others would not list the No.7 coin and a small market cap.
Yeah, I agree with this point of view: XRP has not really stood out in the crypto market as it did in the bullrun 2017. The market has become more dynamic with many Layer-1, Layer-2, RWA, Oracle projects... Large funds like BlackRock and Fidelity are also not yet interested in XRP Spot ETFs because they are focusing on fighting for ETH Spot ETFs.
However, Ripple is fully capable of promoting a Spot ETF product for XRP thanks to their enormous influence, even though we don't yet know the market demand for such a product. In addition, after BTC, XRP is also the only crypto that has been determined not to be a security, and ETH has not yet been able to achieve the same legal status as XRP. This gives us reason to be optimistic about XRP Spot ETFs, especially if ETH Spot ETFs are rejected later this month.
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However, Ripple is fully capable of promoting a Spot ETF product for XRP thanks to their enormous influence, even though we don't yet know the market demand for such a product. In addition, after BTC, XRP is also the only crypto that has been determined not to be a security, and ETH has not yet been able to achieve the same legal status as XRP. This gives us reason to be optimistic about XRP Spot ETFs, especially if ETH Spot ETFs are rejected later this month.
Of course Ripple wants to and can afford to promote the XRP ETF.
Because If that happens, the XRP ETF will become Ripple's personal piggy bank.
The question is. Why ETF for the worst-performing crypto? XRP still zombi-coin.
For me, XRP ETF is just a noise, just feelings and wishes not something real. I lost interest fast.
And I'll be sitting at home waiting for the pump that analysts keep promising us
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Of course Ripple wants to and can afford to promote the XRP ETF.
Because If that happens, the XRP ETF will become Ripple's personal piggy bank.
The question is. Why ETF for the worst-performing crypto? XRP still zombi-coin.
For me, XRP ETF is just a noise, just feelings and wishes not something real. I lost interest fast.
And I'll be sitting at home waiting for the pump that analysts keep promising us
XRP may have the potential to enter an ETF, but this depends on the SEC's decision on how to give a decision to XRP. Maybe as long as XRP follows the rules provided by the SEC and completes the requirements needed to register
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Of course Ripple wants to and can afford to promote the XRP ETF.
Because If that happens, the XRP ETF will become Ripple's personal piggy bank.
The question is. Why ETF for the worst-performing crypto? XRP still zombi-coin.
For me, XRP ETF is just a noise, just feelings and wishes not something real. I lost interest fast.
And I'll be sitting at home waiting for the pump that analysts keep promising us
Currently, XRP is rightfully considered a zombie chain, but I still recognize its potential in the global remittance sector. From a utility perspective, Ripple is truly a giant that has stepped into the economy while other blockchains have yet to do so, including Chainlink. If Ripple effectively inflates and manipulates the price of XRP as it did during the 2017 bull run, the XRP price will surge, positive news about XRP will appear everywhere, and our views on Ripple and XRP Spot ETFs may change.
At the same time, XRP Spot ETFs may not be the story in the near future as the demand from traditional investors for this product has not yet materialized. However, if Ripple can make this narrative mainstream, it could be used to drive up the XRP price on the market. We have the entire bullrun 2025 to wait for the answer, and I personally remain optimistic about XRP's growth after 6 years of price accumulation.
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Of course Ripple wants to and can afford to promote the XRP ETF.
Because If that happens, the XRP ETF will become Ripple's personal piggy bank.
The question is. Why ETF for the worst-performing crypto? XRP still zombi-coin.
For me, XRP ETF is just a noise, just feelings and wishes not something real. I lost interest fast.
And I'll be sitting at home waiting for the pump that analysts keep promising us
Currently, XRP is rightfully considered a zombie chain, but I still recognize its potential in the global remittance sector. From a utility perspective, Ripple is truly a giant that has stepped into the economy while other blockchains have yet to do so, including Chainlink. If Ripple effectively inflates and manipulates the price of XRP as it did during the 2017 bull run, the XRP price will surge, positive news about XRP will appear everywhere, and our views on Ripple and XRP Spot ETFs may change.
At the same time, XRP Spot ETFs may not be the story in the near future as the demand from traditional investors for this product has not yet materialized. However, if Ripple can make this narrative mainstream, it could be used to drive up the XRP price on the market. We have the entire bullrun 2025 to wait for the answer, and I personally remain optimistic about XRP's growth after 6 years of price accumulation.
Nothing has changed about XRP, the only thing that has changed is people's perception of it.
Literally, nothing has changed except that some people get REKT when investing in Ripple, with 1 cent forward and 2 cents back most of the time.
The narrative of the XRP ETF is currently building is simply to keep the dream alive.
But I've stopped hoping for the best, as it seems that expectations of the worst keep getting fulfilled. I'm moving on to other promising projects.
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Nothing has changed about XRP, the only thing that has changed is people's perception of it.
Literally, nothing has changed except that some people get REKT when investing in Ripple, with 1 cent forward and 2 cents back most of the time.
The narrative of the XRP ETF is currently building is simply to keep the dream alive.
But I've stopped hoping for the best, as it seems that expectations of the worst keep getting fulfilled. I'm moving on to other promising projects.
Yeah, Ripple has continued to maintain its business model over the years, the only thing that may change is investor expectations for an XRP price increase. I believe that's the only reason they've turned to buying and holding XRP for all these years, everyone wants to make big profits from XRP like what happened in the bullrun 2017.
The current crypto market is bustling and there are more opportunities, both BTC and ETH are more attractive than XRP in terms of security and profitability. In addition, we also have SOL, AVAX, DOT, ATOM, SUI, SEI... which are very potential new projects and worthy of being chosen for the portfolio over XRP. Anyway, the investment decision is up to each individual, I still see some potential and opportunity in XRP.
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Since bitcoin ETF had been approved and now we are having the pursuant after that of Ethereum as well to get approved sometimes in the near future, that means any other cryptocurrency can also make an application for approval since it has to be extended also to the alts currencies and XRP is not a type that could be low rated in choosing the most recognized altcoins, if Ethereum is considered later, then we should expect XRP as well altogether.
I saw some news saying that the SEC was withdrawing its decision and reconsidering whether to accept Ehtereum into the ETF or not, because there were several problems that had to make the SEC review it, Ethereum was too dangerous to enter the ETF list.
lets not talk about other coin here because this is about ETF approval of Ripple (XRP) and not about ethereum nor bitcoin .
and besides XRP ETF approval may take some long time than what supporters expected because they have been facing lots of issues against SEC so how come that they will approve the ETF.
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Nothing has changed about XRP, the only thing that has changed is people's perception of it.
Literally, nothing has changed except that some people get REKT when investing in Ripple, with 1 cent forward and 2 cents back most of the time.
The narrative of the XRP ETF is currently building is simply to keep the dream alive.
But I've stopped hoping for the best, as it seems that expectations of the worst keep getting fulfilled. I'm moving on to other promising projects.
Yeah, Ripple has continued to maintain its business model over the years, the only thing that may change is investor expectations for an XRP price increase. I believe that's the only reason they've turned to buying and holding XRP for all these years, everyone wants to make big profits from XRP like what happened in the bullrun 2017.
The current crypto market is bustling and there are more opportunities, both BTC and ETH are more attractive than XRP in terms of security and profitability. In addition, we also have SOL, AVAX, DOT, ATOM, SUI, SEI... which are very potential new projects and worthy of being chosen for the portfolio over XRP. Anyway, the investment decision is up to each individual, I still see some potential and opportunity in XRP.
“Pessimists sound smart, optimists make money.”
However, this quote only applies when we're talking about Bitcoin.
The Altcoin segment is becoming popular and large because innovation is driving this segment forward.
Everyone is always looking for the next big thing in crypto, but ETH having such a large market cap is not because of luck, just as Bitcoin dropped in dominance due to ETH.
And everyone in the crypto wants to make money, keep tap dancing shoes, and don't get married to any asset is good. but we should put money on the winner. IMO
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“Pessimists sound smart, optimists make money.”
However, this quote only applies when we're talking about Bitcoin.
The Altcoin segment is becoming popular and large because innovation is driving this segment forward.
Everyone is always looking for the next big thing in crypto, but ETH having such a large market cap is not because of luck, just as Bitcoin dropped in dominance due to ETH.
And everyone in the crypto wants to make money, keep tap dancing shoes, and don't get married to any asset is good. but we should put money on the winner. IMO
We will always see many investors choose ALTS instead of BTC or ETH because of the expectation of higher profits in bullrun & altseason, XRP is also one of the options. Believers will wait for Ripple's comeback, while non-believers will look for other opportunities, we have thousands of tokens in the crypto market ^^
Anyway, we still have a lot of time to wait and confirm our own expectations for XRP in this cycle. I also dare not expect the appearance of XRP Spot ETFs right in this cycle, I only hope that news about it can create FOMO and boost the XRP price, bringing profits to those who believe and hold XRP in over the years.
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“Pessimists sound smart, optimists make money.”
However, this quote only applies when we're talking about Bitcoin.
The Altcoin segment is becoming popular and large because innovation is driving this segment forward.
Everyone is always looking for the next big thing in crypto, but ETH having such a large market cap is not because of luck, just as Bitcoin dropped in dominance due to ETH.
And everyone in the crypto wants to make money, keep tap dancing shoes, and don't get married to any asset is good. but we should put money on the winner. IMO
We will always see many investors choose ALTS instead of BTC or ETH because of the expectation of higher profits in bullrun & altseason, XRP is also one of the options. Believers will wait for Ripple's comeback, while non-believers will look for other opportunities, we have thousands of tokens in the crypto market ^^
Anyway, we still have a lot of time to wait and confirm our own expectations for XRP in this cycle. I also dare not expect the appearance of XRP Spot ETFs right in this cycle, I only hope that news about it can create FOMO and boost the XRP price, bringing profits to those who believe and hold XRP in over the years.
Well, You are a big fan of Ripple, Brad should come here and listen to your advice :)
Alt season is something we look forward to, and I agree the expected profit on Alt is higher than BTC
I'm not a fan of Ripple but I respect your decision. Time will tell
Thanks for the conversation, This a good conversation. I wish all the best to you.