Best Altcoins to Buy as XRP ETF Nears Approval and Institutional Buys Peak
What to Know: $XRP has hit a recent low of $1.8 after the October 10 flash crash Institutional investment could be responsible for the recovery to $2.45 and beyond Several $XRP ETFs are scheduled for approval by the SEC this month The US shutdown has delayed these approvals, so they’ll be closer together $XRP has long been hyped as a crypto with the potential to transform the banking industry, and it might finally be taking off. The REX-Osprey XRP ETF has launched successfully, with the $XRPR fund trading over $37.7M on its first day on the market. Now, several other $XRP ETFs, which are....
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Ripple’s $XRP just hit $3, edging closer to its $3.60 ATH. A notable driver? The 98% likelihood of US ETF approval, boosting expectations of heightened institutional demand. On the back of this, another altcoin is turning heads. It’s dubbed Wall Street Pepe ($WEPE), and it recently expanded from Ethereum to Solana ahead of new exchange […]
Institutional investors had FOMO’d into bitcoin with the release of the first Bitcoin ETF. This enthusiasm quickly died down the week following the approval as trade volumes plummeted. The record opening was quickly replaced by lackluster momentum that saw institutional investors pull out of the market, likely owing to the asset touching a new all-time high and traders taking gains. institutional Bitcoin open interest had skyrocketed with the price, signaling the entrance of big money into the market. The run-up had lasted until the very end of October. Open Interest saw its peak on....
Bitcoin price is just under $35,000 and altcoins like Ethereum, Litecoin, and many DeFi tokens are once again heating up. The combined capital pouring in has resulted in the total crypto market cap within striking distance of $1 trillion. When the asset class finally reaches $1 trillion in value, will the rest of the world of finance finally begin paying attention to more than just Bitcoin? Bitcoin Institutional FOMO Takes Top Cryptocurrency Cap To $640 […]
Bitcoin and Ethereum have always been at the forefront for institutional investors. This is with good reasons too as not only are these the largest cryptocurrencies by market cap, but they are also the most popular with the best prospects. As time has gone on though, competition has become stiffer for the attention of institutional investors. The rise of other altcoins has put forward some formidable contenders for these two cryptocurrencies. Now, institutional investors are now moving away from the big two and pouring money into other altcoins, taking a completely bearish stance on....
Bitcoin has been explosive all of 2020, and while certain altcoins like Ethereum and a slew of DeFi tokens have outperformed the top cryptocurrency this year, altcoins overall have been a disappointment compared to past cycles. Those who lived through past cycles, expected altcoins to take off the moment Bitcoin surpassed its previous peak. But […]