• Dapps:16.23K
  • Blockchains:78
  • Active users:66.47M
  • 30d volume:$303.26B
  • 30d transactions:$879.24M

Analysts Predict Bright Future for XRP Following Grayscale Actions

user avatar

by Giorgi Kostiuk

a year ago

  1. Analysts' Forecasts
  2. Launch of XRP Trust by Grayscale
  3. Future Plans and Expectations


    4. Cryptocurrency analysts and enthusiasts discuss a bright future for XRP in light of recent events involving Ripple and Grayscale.

    Analysts' Forecasts

    Cryptocurrency analysts have forecasted a bright future for XRP after recent developments at Ripple. On X (formerly Twitter), they expressed their belief that XRP has institutional interest and that the 'XRPArmy' will succeed. This optimism is seen as the start of a significant upward movement for Ripple.

    Do people understand now why I've been telling everyone that XRP has institutional interest now and ADA simply doesn't? This is just the beginning for big Ripple moves. The #XRPArmy will prevail.Ben Armstrong

    Launch of XRP Trust by Grayscale

    This positive outlook stems from the launch of an XRP trust by Grayscale, a leading US-based crypto asset manager. This new trust provides accredited investors direct access to XRP. Many in the crypto community speculate that this could lead to Grayscale launching an XRP exchange-traded fund (ETF).

    Future Plans and Expectations

    Analysts point out that Grayscale launched Bitcoin and Ethereum ETFs earlier this year, both of which began as trust funds, leading many to believe a similar path might be taken for XRP. Experts suggest such steps could significantly contribute to the mainstream adoption of XRP.

    Thus, the recent actions by Grayscale and the positive forecasts by crypto analysts predict a bright future for XRP. Institutional interest and the potential launch of an ETF are expected to significantly boost the popularity and value of this cryptocurrency.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Altimeter Capital CEO Discusses Bitcoin and MicroStrategy's Strategy

chest

Brad Gerstner, CEO of Altimeter Capital, discusses Bitcoin's speculative nature and MicroStrategy's overleveraged strategy, warning of potential market turbulence.

user avatarMaya Lundqvist

Amazon Enhances Nova AI Model Family with New Omni Version

chest

Amazon has introduced updates to its Nova AI model family, including a new version called Omni, which can process various input types.

user avatarLeo van der Veen

GeeFi Offers Comprehensive Ecosystem for Digital Asset Management

chest

GeeFi offers a comprehensive ecosystem for digital asset management, including a non-custodial wallet, decentralized exchange, and a crypto-linked debit card.

user avatarLi Weicheng

Eclipse Brings Solana's SVM to Ethereum for Enhanced Performance

chest

Eclipse introduces Solana's SVM to Ethereum, enabling parallel execution and improving performance for high-traffic applications.

user avatarAisha Farooq

Research Reveals Bottleneck in Ethereum Rollups

chest

New research reveals a fundamental bottleneck in most Ethereum rollups, highlighting limitations of single-threaded EVM architecture that restricts throughput and prevents parallel execution.

user avatarTenzin Dorje

SUI Price Stabilizes with New Liquidity Channels

chest

The SUI price is showing signs of recovery after the launch of a new Grayscale Trust product, which has opened additional liquidity channels.

user avatarMohamed Farouk

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.