Ripple (XRP) Finds Place on Important List: Report

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Crypto News Squad
Jul 10, 2023

ripple (XRP) Finds Place on Important List: Report


  • Ethereum (ETH) has become the most favored token due to updated S-1 forms for spot ETH ETFs filed by major financial firms, with potential trading set to begin as early as July 18.
  • While Ripple’s XRP is gaining popularity amid the Ripple v SEC lawsuit, other notable cryptocurrencies that are showing significant price increases include celestia (TIA) and bonk Inu (BONK).
ETH Group Leader

Market intelligence platform – Santiment – summarized Ethereum (ETH) is the most trending token in the entire industry. He claimed that the reasons behind the progress are the updated S-1 forms filed by financial giants such as BlackRock, Fidelity, VanEck, 21Shares, Grayscale, and Franklin Templeton for their spot ETH ETFs.

“Don’t be surprised if ETH breaks away from the altcoin pack,” the asset added.
One of those commenting on the latest ETF changes was Eric Balchunas of Blomberg. Expert believes Products that have already been approved could start trading as early as July 18.

Ripple’s XRP also included The token’s growing popularity could be a result of numerous developments around it. Ripple and SEC lawsuit.

The case is currently in the trial phase, with organizations recently discussing possible punishment for the company. The regulator initially wanted A massive $2 billion fine accusing Ripple of conducting unregistered securities offerings by selling XRP tokens. The company insisted a bit NO bigger not including 10 million dollars. Last month, the agency softened its tone and proposed reducing the fine to $102.6 million.

Other cryptocurrencies on the list are Celestia (TIA) and Bonk Inu (BONK), the former being one of the best-performing digital assets today (July 10), recording a price increase of over 15%, while the latter is leading the meme coin revival with a weekly gain of 5%.

Where is ETH going?

The price of the second-largest cryptocurrency has risen slightly in the past 24 hours and is currently trading around $3,100 (as per CoinGecko data). According to some analysts, some of the losses incurred over the past few days have been erased. speculate It’s time for a new bull run.

Lucky, an X-user with over two million followers, described the recent drop below $3,000 as a “natural gift.”

McKenna and Poseidon predicted that ETH is ready to reach a new all-time high in the near futureThe first set a target of $5,000, while the second raised the bar to $8,000.

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