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

Mainstream Adoption of Crypto Assets: XRP in the Spotlight with ETF Success

user avatar

by Giorgi Kostiuk

a year ago

Bitwise discusses the mainstreaming of cryptocurrencies, highlighting XRP as a promising asset amid the success of Bitcoin and Ethereum spot ETFs.

Significant Investor Interest

Bitwise notes significant retail interest in XRP, supported by a survey from EY. XRP ranks among the top 4 cryptocurrencies by retail investor allocation, indicating potential interest in spot XRP ETFs filed in the US.

Impact of US Administration Change

Bitwise emphasizes that XRP could benefit from the change in US administration and reduced regulatory uncertainty. Gary Gensler is set to step down as SEC chairman in January 2025. Since the election, XRP has surged by 188%.

XRP's Real Use Cases

XRP is widely used for cross-border payments. Ripple's partnerships with SBI Remit and MoneyMatch enable instant cross-border payments. XRP can finalize payments in 4 seconds and handle up to 1,500 transactions per second, significantly impacting the cross-border payments market.

Bitwise views XRP as having significant growth potential and potentially being among the next cryptocurrencies approved for spot ETFs in the US. Ripple's strategic investments in XRP-based ETPs draw attention to its potential for institutionalization.

0

Rewards

chest
chest
chest
chest

More rewards

Discover enhanced rewards on our social media.

chest

Other news

Bitcoin Price Shows Moderate Resilience Despite Recent Market Volatility

chest

Bitcoin has shown moderate resilience, climbing over 16% to trade around $70,000, despite significant losses in the past week and month.

user avatarAndrew Smith

US Snowstorm Leads to Major Decline in Bitcoin Hashrate

chest

A recent snowstorm in the US has caused a significant drop in the Bitcoin Hashrate, with American miners reducing their electricity consumption to ease pressure on the power grid.

user avatarAyman Ben Youssef

Analyst Discusses Changes in Crypto Market Cycles

chest

Analyst Altcoin Sherpa discusses the evolving cycles of the cryptocurrency market, highlighting a shift to hyper-accelerated trends and advising investors to capitalize on shorter rallies.

user avatarTando Nkube

Bitget CEO Predicts Growth in Real-World Asset Sector

chest

Gracy Chen, CEO of Bitget, predicts significant growth in the Real-World Asset sector by 2030, while expressing skepticism about the future of altcoin seasons.

user avatarJacob Williams

Emerging Inverted Altcoin Season Observed

chest

Market analyst Ali Martinez indicates a new 'inverted altcoin season' in the cryptocurrency market, marked by structural breakdowns of altcoins instead of traditional rallies.

user avatarZainab Kamara

Bitcoin Mining Difficulty Expected to Drop by 13% Due to Hashrate Disruption

chest

Bitcoin mining Difficulty is expected to decrease by 13% on February 6th due to disruptions from a recent snowstorm in the US.

user avatarSon Min-ho

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.